By Aytaj Shiraliyeva

Copyright trend

BAKU, Azerbaijan, September 23. The
International Finance Corporation (IFC) announced an equity
investment in Çağatay Evcil Hayvan Mamaları ve Yem Ürünleri San. ve
Tic. A.Ş. (Çağatay Pet Food), the second-largest dry pet food
producer in Türkiye, Trend reports via IFC’s statement.

The investment will help expand the company’s operations,
strengthen its direct-to-consumer sales platform, and create jobs
in the growing pet food sector and across the entire value

“IFC’s joint equity investment in the company, along with
Türkiye Growth Fund IV (managed by Turkven, a leading private
equity advisory firm in Türkiye), and the EBRD, will enable the
construction of a new, state-of-the-art plant that will triple the
company’s production capacity and enhance its competitiveness in
the pet food sector,” the statement said.

The investment is expected to increase ÇaÄŸatay Pet Food’s
workforce and support more than 1,000 direct and indirect jobs. IFC
will also provide advisory support to increase female employment
and implement sustainable practices throughout the supply chain.
Overall, the investment is expected to contribute to increased
value added in the Turkish economy, deepening market competition,
and fostering sustainable and inclusive development.

“The pet food market in Türkiye is experiencing stable growth
amid an increasing number of pets and growing demand for
high-quality, affordable products. With limited access to capital,
IFC is providing essential financing in a challenging macroeconomic
environment, supporting Çağatay Pet Food in untapping its
potential,” the statement emphasized.

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