Assan Alüminyum acquired an aluminum foil facility in the USA

Assan Alüminyum, one of Europe’s two largest foil producers, has completed the acquisition process of the aluminum foil production facility in Fairmont, West Virginia, USA, as part of its international growth strategy under Kibar Holding. The facility was taken over from Novelis through Kibar Americas.

Kibar Holding CEO Haluk Kayabaşı emphasized that the acquisition is a natural result of their globalization vision and stated, “As Kibar Group, we continue to take steps to increase our global competitiveness by deepening our strong industrial foundations in Türkiye with international structures. At the center of our globalization strategy is strengthening our fields of activity on an international scale with the principles of sustainable production, digitalization and environmental responsibility.” Kayabaşı emphasized that this investment is an important link in the sustainable industrial group vision of Kibar Holding, which continues to grow in the aluminum, automotive and packaging sectors.

Assan Alüminyum General Manager and Kibar Americas Board Member Göksal Güngör stated that the investment is critical for the global positioning of the company and emphasized, “The facility will produce especially in areas such as automotive finstock, climate control finstock, food grade aluminum foil containers and industrial foil. Detailed analyses and evaluations regarding the use of the facility are being conducted. This step will support the growth of Assan Alüminyum with the ‘on-site production’ approach in the sectors it already serves.”

Güngör stated that the company has strengthened its position as a “global player as a local producer” by expanding its activities to the Americas after Europe and emphasized, “In a period when global trade is being reshaped and local production is gaining more importance, this investment is a significant reflection of our long term vision. We will carry our growth model, built on reliability, flexibility, innovation and sustainability, to the Americas in the new period.”