Italian export credit agency (ECA) Sace is guaranteeing a €46.5mn loan provided by Deutsche Bank to Turkish glass container manufacturing company Park Cam, part of the Ciner Group.

The loan will support the imports of glass production equipment from Italian company Bottero, which Park Cam needs to develop an integrated beverage industry plant in north-western Turkey.

Sace and Bottero’s relationship dates back to 2003. The ECA has supported the company in insuring its supplies and facilitating the access to credit lines for an overall value exceeding €35mn in different emerging markets including Turkey, as well as Kazakhstan and Brazil.