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Çuhadaroğlu Metal will increase existing aluminum profile production capacity by approximately 70%

According to the statement made to the Public Disclosure Platform...

Çuhadaroğlu Metal will increase existing aluminum profile production capacity by approximately 70%
At the meeting of the Board of Directors of our Company dated 18.01.2023;
- Taking into account the current business volume of our company, sector and market conditions and economic developments; to invest in a new production facility that will increase the existing aluminum profile production capacity by approximately 70% in order to meet the increasing demand, to increase the export share in our sales in line with our growth targets, to provide a competitive advantage in local and global markets by applying new technologies in production and to serve different sectors, especially in automotive, transportation (land, air and rail systems), defense, renewable energy and white goods sectors,
- Within the scope of this investment, which has an estimated cost of approximately 30 Million USD and the completion period is foreseen as 24 months, the facility settlement is provided, the necessary works and procedures are carried out for the start-up and the profile production line is established and put into operation,
- To build the new production facility in Evrensekiz Town of Lüleburgaz District of Kırklareli Province, taking into account the existing production facility and its proximity to the market and its logistical advantage,
- To design and carry out the construction of the facility in such a way as to allow for additional investments (foundry, additional profile production line, surface treatment and mechanical treatment line) and a fully integrated production structure, and to authorize the General Directorate to carry out all the works and operations required for such investment,
has been decided.

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