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Rönesans Holding completed Türkiye’s first sustainable Eurobond issuance in its sector, with $350 million in sustainable financing

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The bonds saw significant investor interest, including from the IFC, EBRD, and the German Development Finance Institution DEG (Deutsche Investitions- und Entwicklungsgesellschaft), with demand over twice the size of the issuance

ISTANBUL, Oct. 31, 2024 /PRNewswire/ — Rönesans Holding has successfully completed the sustainable Eurobond issuance, enabled by its recently announced Turkiye’s first Green Finance Framework in the sector– and will use the proceeds to invest in a number of sustainability and social impact projects across the globe.

The $350 million Eurobond, issued with the participation of international financial institutions including the IFC, EBRD and German Development Finance Institution DEG (Deutsche Investitions- und Entwicklungsgesellschaft), is set to reach maturity in 2029.

Sustainable Eurobonds are debt instruments issued by countries or companies in international markets to fund projects that address climate change, such as renewable energy and resource efficiency investments, as well as social benefit projects in areas like healthcare and education.

The Eurobond issuance, completed on October 3rd, attracting significant interest from international investors, with demand exceeding twice the issuance size.

PRIORITISING RENEWABLE ENERGY AND SOCIAL INVESTMENTS

On the issuance, İpek Ilıcak Kayaalp, chair of the Rönesans Holding’s board, emphasized the company’s strength in international partnerships and financing creation, stating: “We are proud of the participation of multinational financial institutions, particularly the IFC, EBRD, and DEG, who supported this Eurobond issuance as investors. We extend our thanks to all international organizations involved in our issuance.”

“In our Sustainable Finance Framework, which is the first in the sector, we have provided detailed explanations of the types of green and social projects where the funds from the sustainable Eurobond will be used, the selection criteria for these projects, and the environmental and social reporting criteria we will follow.”

Emphasising that Rönesans Holding is planning to achieve rapid growth in its renewable energy business, aiming to reach an installed capacity of 2,000 MW entirely from renewable energy plants over the next five years, İpek Ilıcak Kayaalp said “We are also planning to invest in areas like healthcare and public infrastructure, and will use some of the funds from the Eurobond issuance to finance hospital projects which enable better access to quality healthcare services. Funds are planned to be invested in social housing projects the company is developing around the world, investments in clean transportation, data centers, energy efficiency projects, and infrastructure projects that ensure access to clean water.

COMMITMENT AND LEADERSHIP IN SUSTAINABILITY

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İpek Ilıcak Kayaalp emphasized that this sustainable Eurobond issuance clearly demonstrates Rönesans Holding’s commitment to sustainability and its leadership in this area. She stated, “We are proud to be the first company in Türkiye to issue a sustainable Eurobond in our sector, committing to use all proceeds from the issuance to finance green and social projects. While we generate 50% of our revenues abroad, we are increasing the approximately €10 billion investments we have made in our country to date with sustainable projects. Our sustainable financing methods will serve as an important example for our sector, leading the way for the environmental and social dimensions of investments in our country to gain prominence.”

GREEN FINANCE FRAMEWORK

In mid-2024, Rönesans Holding became one of the first in its sector to publish its Green Finance Framework, which also complies with Capital Markets Board of Türkiye (SPK)’s criteria for green debt instruments. With this framework, the company formalised its aims to increase accessibility to green finance instruments and extend support for green and social programs, particularly in renewable energy.

About Rönesans Group

Rönesans Holding, the conglomerate’s leading investment entity headquartered in Ankara, is the 53rd largest international contracting company globally and one of the largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, energy, healthcare, real estate development and industrial investments. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.

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İpek Ilıcak Kayaalp, Chair of the Board of Directors, Rönesans Holding

 

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WFM Asia Announces Brand Evolution, Bolstering its Commitment to Delivering Investment Excellence in Asia Pacific

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Continues to be a trusted partner for both global institutional investors as well as publicly listed and private companies in Asian markets

HONG KONG, Nov. 4, 2024 /PRNewswire/ — Hong Kong founded independent investment firm WFM Asia announced today that it has completed a brand evolution from Ward Ferry Management. The firm’s long-term commitment to investing in Asian markets, disciplined and focused investment strategy, and well-established team remain unchanged.

The refreshed branding reflects WFM Asia’s continued focus on investing in small and mid-cap companies across Asia Pacific and points to the regional expertise of its current generation of leadership, Vineet Mitera and Daphne Chester, who have been leading the company for the past seven years. Vineet has been with the firm since 2005, and Daphne joined in 2013.

WFM Asia manages long-only equity funds with over US$3 billion in assets under management as of end September 2024. Vineet has been solely responsible for managing these funds since mid-2014. For nearly 25 years, the firm has helped institutional clients from all over the world secure exposure to Asian markets through some of the leading publicly listed and private companies in Asia Pacific.

As a trusted partner for global investors seeking exposure to Asia’s dynamic markets, WFM Asia’s unique position in the investment landscape is reinforced by its extensive local networks in underpenetrated markets, primary research activities on the ground, and commitment to long-term value creation through a focused investment strategy. The firm has been a strong, long-term partner to the management teams of public and private companies it invests in. WFM Asia’s future-focused growth will be enabled through ongoing expansion of its team based in Hong Kong and Singapore, continued focus on executing its long-standing investment process, and strengthening its established relationships with companies across Asia.

Vineet Mitera, Chief Investment Officer of WFM Asia, commented, “We remain positive about the growth of emerging companies in the region, and we continue to build on our trusted partnerships with our investors and management teams. Our entrepreneurial mindset, market and sector expertise, and regional resources remain aligned to our clear investment philosophy, and we look forward to taking the firm’s growth to the next level for the benefit of our investors and employees.”

Daphne Chester, President of WFM Asia, said, “Our brand evolution builds on our long-standing strong Asia heritage and recognition of our management tenure and investment track record in the region. For nearly 25 years, our firm has taken a private equity approach to public markets investing, finding Asian small and mid-cap companies that have multiplied in value over the long term. As we continue to evolve, we remain committed to our investment approach and to cultivating substantial growth in our chosen investments in Asia Pacific.”

WFM Asia will continue to serve its clients through a global team of 33 people, including 13 experienced investment professionals, located across its offices in Hong Kong, Singapore, and London.

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About WFM Asia

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Founded in 2000 as Ward Ferry Management, WFM Asia is a leading independent investment firm based in Hong Kong and Singapore, specializing in long-only public and private equity investments in small and mid-cap companies across Asia. For nearly 25 years, WFM Asia has been a trusted partner to the management teams of the companies it invests in and to institutional investors alike by applying its bottom-up approach to fundamental research and investing its capital for attractive returns over the long term. As of end September 2024, the firm oversees over US$3 billion in assets under management (“AUM”) for global institutional investors.

WFM Asia has offices in Hong Kong, Singapore, and London. WFM Asia’s various group entities are regulated by the United States Securities and Exchange Commission, the Hong Kong Securities and Futures Commission, the Singapore Monetary Authority, the United Kingdom Financial Conduct Authority, and the British Virgin Islands Financial Services Commission. Additional information is available on www.wfmasia.com. 

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ALUMINIUM CHINA 2025: Celebrating 20 Years of Collective Achievements and Embracing a New Chapter

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SHANGHAI, Nov. 4, 2024 /PRNewswire/ — The 20th ALUMINIUM CHINA will take place from July 9-11, 2025, at the Shanghai New International Expo Centre (SNIEC). Organized by RX China, the event will feature over 600 diverse exhibitors showcasing the entire aluminium industry chain. With the theme “Aspirational•Limitless•Unique: 20 Years of Excellence,” the exhibition will span over 60,000㎡ and expects more than 30,000 global professionals. Exciting activities throughout the year will foster international exchange, business cooperation, and celebrate innovation and development in the aluminium sector.

A Year Full of Engagements and Innovations

To mark its twentieth anniversary, ALUMINIUM CHINA will launch various activities aimed at fostering industry connections and showcasing achievements.

  • Exclusive Visits to Top Enterprises

Leading up to next year’s exhibition, the “Visits to Leading Aluminium Enterprises” initiative will offer site visits to prominent companies in the aluminium processing sector. Through tailored one-on-one discussions, this initiative will spotlight the noteworthy accomplishments of these leading enterprises in advancing the aluminium industry. Their invaluable experiences and inspiring growth stories will be shared alongside the exhibition.

  • Dazzling Array of Events

Building on the success of multiple “Exploring Application Industries” events over the past year, which garnered widespread acclaim, the focus remains sharp in 2025, as 2025 marks the 20th anniversary of the exhibition. Efforts will intensify in exploring key application markets such as automotive, packaging, home appliances, 3C electronics, solar photovoltaics, and energy storage. Notable representatives and experts will participate, creating a diverse platform for industry exchange and learning, featuring thematic reports, supply-demand matching, product displays, roundtable discussions, and closed-door meetings.

  • Recognizing Industry Achievements

In the flourishing landscape of the aluminium processing industry over the last two decades, numerous innovative technologies and superior products have emerged, fostering high-quality sectoral growth. To set industry standards and promote healthy development, ALUMINIUM CHINA is proud to introduce the “ALU FUTURE Awards.” This prestigious accolade aims to honor exceptional contributions from enterprises and individuals in the aluminium sector, spanning categories such as the Application Innovation Award, Craftsmanship Award, and Honorary Award for Quality Partners.

  • Enhancing Global Connection Initiatives

Capitalizing on years of amassed international resources, ALUMINIUM CHINA is poised to strengthen initiatives aimed at connecting with overseas markets. By empowering enterprises to reach global markets, a series of activities including overseas market research, trade matchmaking and high-level meetings will be orchestrated in foreign countries and regions. Furthermore, collaborations with international industry associations will be strengthened, spotlighting guest country of honor activities and other international features at the grand 20th-anniversary exhibition.

  • Bridging Industry, Academia, and Research

ALUMINIUM CHINA have meticulously outlined a series of industry-academia-research activities. The specially curated “Innovation Achievements Showcase” will illuminate aluminium material research outcomes from universities and research institutions, showcasing high-performance aluminium alloys and environmentally friendly aluminium-based composites. Attendees will have a unique opportunity to interact closely with cutting-edge technology and witness the allure of innovation. Furthermore, the grand “Empowering Industries of the Future: Aluminium Innovation and Development Symposium” is scheduled, inviting distinguished scholars and industry experts from globally renowned universities to engage in profound dialogues on breakthroughs in aluminium materials research and emerging trends.

Two Decades of Continuous Growth

Since its inception in 2005, ALUMINIUM CHINA quickly emerged as a cornerstone for industry professionals worldwide.  During its early years (2005-2009), the exhibition expanded across various segments of the aluminium processing chain, steadily increasing exhibitors and attendees, surpassing 10,000 visitors. Strategic collaborations with domestic and international associations bolstered its reputation as a premier platform for communication.

From 2010-2014, ALUMINIUM CHINA solidified its role in connecting China’s aluminium sector with the global market. Attendance continued to grow as the exhibition welcomed professionals from over 60 countries, facilitating crucial discussions on market trends and technological innovations.

The subsequent five years saw continued growth, with approximately 400 exhibitors attracting over 24,000 visitors by 2019. ALUMINIUM CHINA emphasized “Technological Innovation for the Future,” showcasing cutting-edge applications of aluminium in sectors such as automotive lightweighting, packaging and consumer electronics through specialized exhibits. Notable collaborations, including featuring “India as the Guest Country of Honor” and “Thailand as the Guest Country of Honor,” opened new avenues for international exchange, enabling domestic companies to engage on a global scale.

Despite unprecedented global challenges during 2020-2024, ALUMINIUM CHINA introduced innovative solutions like online livestreaming and year-round business matchmaking. These adaptations ensured that over 600 exhibitors could connect with 29,000+ professionals from over 100 countries by 2024. The commitment to promoting sustainability was evident through initiatives supporting green practices within the industry.

The celebration of its 20th anniversary marks a momentous milestone for both the event and the enduring growth of the industry. For further insights into ALUMINIUM CHINA, please visit their official website at https://www.aluminiumchina.com/en-gb.html or Facebook page @Aluminium China.

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ARRAY Innovation Celebrates Landmark Success at Gateway Gulf with Three Major Partnership Deals

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MANAMA, Bahrain, Nov. 3, 2024 /PRNewswire/ — ARRAY Innovation, the Bahrain-based leader in AI, enterprise software, and cloud solutions, proudly celebrated a milestone at Gateway Gulf 2024. During the event, organized by the Bahrain Economic Development Board (EDB) in the Kingdom of Bahrain, ARRAY signed strategic agreements with Bahraini organizations: Aluminium Bahrain B.S.C. (Alba), National Bank of Bahrain (NBB), and the Labour Fund (Tamkeen), highlighting ARRAY’s commitment to digital transformation.

ARRAY Chairman, Mr. Khalid Taqi, commented, “Our collaborations with Alba, NBB, and Tamkeen underscore ARRAY’s dedication to Bahrain’s digital transformation journey. We are committed to delivering technology solutions that support local enterprises in sustainable growth and operational excellence.”

“ARRAY’s mission is to develop advanced enterprise software and AI solutions that create high-value jobs for Bahrainis. Our latest agreements with leading Bahraini organizations reflect our vision to positively impact the Bahraini enterprises and communities,” said Alaa Saeed, ARRAY Founder & CEO.

ARRAY’s partnership with Alba focused on AI, data analytics, and automation solutions, driving operational excellence and cost reduction. “Our strategic collaboration with ARRAY marks a significant step towards positioning Alba as a technology-driven industry leader. This partnership will not only advance our Industry 4.0 journey, driving operational excellence, but also aligns with Bahrain Economic Vision 2030 by investing in local talent,” said Alba’s Chairman of the Board, Mr. Khalid Al Rumaihi.

ARRAY’s partnership with the National Bank of Bahrain (NBB) aims to enhance NBB’s technology infrastructure with advanced Natural Language Processing (NLP) and Generative AI. The collaboration will deliver actionable insights, optimize operations, and improve customer experience. “By integrating the latest in artificial intelligence, we are positioned to drive our digital transformation forward, delivering solutions that enrich our customers’ banking experience. Our partnership with ARRAY Innovation underscores our focus on modern technology to reinforce Bahrain’s leadership in financial ingenuity,” said NBB Group CEO Mr. Usman Ahmed.

In its agreement with Tamkeen, ARRAY will develop an AI-powered job-matching solution boosting Bahrain’s economic growth through strategic private sector alignment. Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of Tamkeen, highlighted, “By enhancing both internal and external operations through this partnership, we aim to maximize the impact of our initiatives and increase opportunities for Bahraini talent within the private sector.”

These landmark agreements underscore ARRAY’s role as a trusted partner in Bahrain’s digital transformation, empowering organizations to drive efficiency and growth aligned with Bahrain’s Economic Vision 2030.

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