#Italy #Beko #Rome #SACE #Koç Holding

Beko Secures Powerful €125 Million Loan from SACE

Beko, the renowned global manufacturer known for its home appliances, has made a significant move by securing a €125 million loan with Italy's export credit agency, SACE. This 10-year financing deal is designed to support Beko's strategic development and operational capabilities. The official signing took place in Rome, where key figures from both organizations highlighted the importance of this collaboration.

The signing ceremony saw participation from Fatih Kemal Ebiçlioğlu, President of Consumer Durables Group at Koç Holding (Beko’s parent company), Barış Alparslan, Beko's CFO, and SACE's CEO Alessandra Ricci. Together, they reiterated their commitment towards fostering economic cooperation and partnerships within the Italian supply chain ecosystem.

This loan is not merely about financial support; it aims to reinforce Beko’s capital structure significantly, enabling them to pursue growth ambitions diligently. Furthermore, it sets the stage for Beko to enhance its procurement efforts from Italian suppliers, strengthening ties within the European supply chain network.

Aimed at stimulating strategic foreign relationships, this operation is part of SACE’s Push Strategy Program, intended to connect international buyers with the Italian manufacturing sector. As part of this initiative, Beko has pledged to engage in business matching events, fostering new commercial opportunities with Italian companies.

Fatih Kemal Ebiçlioğlu articulated the importance of this financing agreement, labeling it a crucial milestone in Beko's long-term strategy. He stated, “This agreement not only expands our operational capabilities sustainably but also facilitates valuable collaboration with Italian partners.”

Adding to this sentiment, Barış Alparslan spotlighted the financial flexibility this agreement offers, reflecting a robust vote of confidence from global financial institutions in Beko’s long-term vision.

Alessandra Ricci of SACE expressed pride in collaborating with a leader like Beko, stating that this partnership is a prime example of how SACE's Push Strategy can pave the way for innovation and access to new markets in a constantly evolving global economy.

About Beko

Founded on innovation and quality, Beko operates globally, reaching over 55 countries, and is an umbrella for more than 22 different brands, including well-known names such as Whirlpool, Grundig, and Hotpoint. With over 50,000 employees and production facilities worldwide, Beko boasts a market leadership as the largest producer of white goods in Europe, having achieved a total turnover of 10.6 billion Euros in 2024.

Further solidifying its commitment to sustainability, Beko reported noteworthy achievements in the sustainability assessments by SP Global and maintains its place in the Dow Jones Sustainability Index.

Through channels of extensive research and development, Beko has garnered more than 3,500 registered patent applications globally, ensuring its position at the forefront of technological advancements in home appliances.

The partnership with SACE is anticipated to yield further advancements in technology and innovation, with Beko remaining steadfast in its vision: “Respecting the World, Respected Worldwide.”

About SACE

SACE, a financial entity controlled by Italy’s Ministry of Economy and Finance, aims to promote the growth of Italian firms through a variety of tailored financial solutions, promoting both export activities and innovation across several industries. With an impressive portfolio valued at roughly €270 billion across about 200 foreign markets, SACE is positioned as a pillar supporting Italian companies in their international endeavors.

This collaboration between SACE and Beko represents a promising alignment of shared goals, with a clear focus on paving new pathways for economic growth and collaboration in the dynamic landscape of global business.