Proparco has announced a €70 million senior loan to RE&UP Recycling Technologies, the circulartech textile recycling venture of SANKO Group. It is stated that this significant investment will enhance RE&UP’s capacity to scale Next-Gen recycled fiber production while reducing both carbon and water footprints driving RE&UP to set a new standard for circularity in the textile industry. Proparco, a subsidiary of the AFD Group focused on private sector development, provides funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle East.
SANKO Group with over 120 years of industry experience remains a key partner for Proparco. The loan will support the construction of a new textile-to-textile recycling facility in Gaziantep, featuring 8.4MW rooftop solar panels for self-consumption.
SANKO targets global market with ‘RE&UP’
The holding, one of Türkiye’s leading industrial groups, shared the happiness of reaching its 120th anniversary with the press members in Gaziantep. In the special press tour, SANKO Tekstil, which is one of the world’s leading yarn manufacturers and has one of the largest installed solar panel energy systems in its sector, and the facilities of Super Film Ambalaj, which is the world’s and Europe’s leading flexible packaging film manufacturer, were visited with the participation of SANKO Holding Chairman Adil Sani Konukoğlu, SANKO Holding Board Member Cengiz Konukoğlu, Super Film Ambalaj Board Member İzzet Şahin.
SANKO Tekstil General Manager Gökhan Aydın and Super Film Ambalaj General Manager Fahri Özer commented: “SANKO Holding announced at this meeting that it aims to be a pioneer in the global and local market in recycled fibre production with the ‘RE&UP’ technology developed as a result of more than 10 years of in-house R&D studies. RE&UP Recycling Technologies, which serves with its recycled fibre facilities in Gaziantep and Bursa, draws attention as a revolutionary new generation technology initiative that transforms textile waste into high quality, sustainable and immediately ready-to-use recycled raw materials.”
SANKO Holding carries out production, makes investments and provides employment in 11 various sectors, primarily textile, with 14,000 people. In addition to textiles, it is among Türkiye’s largest packaging, cement and renewable energy producers.