Reka eyeing increase in production

Reka eyeing increase in production

Reka, the Turkish edible oil firm, is looking to expand production and has received financial backing from the European Bank for Reconstruction and Development (EBRD).

The company is loaning EUR45m (US$14.8m) from the EBRD, which will be used for new equipment to boost production, as well as refinance loans.

Reka, set up in 2010, has a plant in the north-eastern province of Tekirdag. It has the largest integrated oilseed processing capacity in the country, the EBRD said.

Murat Reka, the company's managing partner, said: "The EBRD is the right partner for us to achieve our future goals and this cooperation will bring us new opportunities."

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