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BMS United Metal signed a factory rental agreement

BMS United Metal announced the new lease agreement it signed.

BMS United Metal signed a factory rental agreement

BMS Birleşik Metal Sanayi ve Ticaret A.Ş. made a statement about the factory rental. The statement made by the company was that BMS Metal rented the factory of Nuh Tel Sanayi A.Ş. for 1 year. It was stated that the monthly price of the rental agreement was 1.2 million TL.

According to the statement made by BMS Metal, for the next stage, it is planned to sign a new contract for the purchase of machinery and equipment after opening a business and working license applications.

The following statements were used in the company's official statement to KAP regarding the issue:

"On 12.02.2024, in line with the increasing order demands, our company rented the land with an area of 11,781.02 m2 and the Factory with a closed area of 8,000 m2 belonging to Nuh Tel Sanayi A.Ş., in order to increase the production capacity, and the machinery/machinery to be used in the production of galvanized steel wire. announced to the public that a preliminary protocol was signed for the purchase of equipment.

At this point, our company and Nuh Tel Sanayi A.Ş. As of today (25.03.2024), a rental agreement has been signed for the above-mentioned factory for a total period of 1 (one) year and for a monthly fee of 1.200.000,00 - TL + VAT.

With this signed agreement, the necessary applications for opening a business and obtaining a working license will be made to the relevant authorities, and then it is planned to sign a new contract for the purchase of machinery and equipment.

With this investment, it is aimed for our Company to have a greater say in the global arena and to increase the current profit margins with the cost advantage that will arise from the increasing production volume in the future.

Based on the feasibility studies conducted in this direction, the relevant facility is planned to increase our Company's galvanized wire production by 5 tons/hour, by 36,000 tons annually, and the contribution of the relevant investment to our Company's turnover is expected to be an average of 34 million USD annually, based on today's galvanized wire sales prices.

"As developments regarding the issue become available, they will be shared with our investors."

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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