Turkish joint venture tyre maker Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret A.S. – or Brisa, as it is more commonly known – intends to primarily utilise a US$150 million long-term loan from the European Bank for Reconstruction and Development (EBRD) and $160 million from a syndicated loan transaction arranged and coordinated by Mitsubishi UFJ Financial Group (MUFG) for the greenfield factory it is now building in Anatolia. A portion of the financing will also be directed towards the expansion of Brisa’s truck and bus tyre plant in Izmit.
Hakan Bayman, CEO of Brisa Bridgestone Sabancı A.Ş since January 2009, has been appointed senior vice-president of Bridgestone’s CIS/Russia, Middle East and Africa (CMA) region. He begins in this position on 1 September, and while he steps down as CEO of the Bridgestone-Sabanci joint venture company he will remain on the Brisa board. Yiğit Gürçay replaces Bayman in the top Brisa job.