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Investment of 30 million dollars from Mega Metal

Mega Metal Sanayi ve Ticaret A.Ş. (MEGMT) made an announcement about the New Additional Production Facility in its disclosure to the Public Disclosure Platform (KAP) on April 18, 2024.

Investment of 30 million dollars from Mega Metal

The company's new production facility, planned within the scope of its organic growth strategy, is designed to be located in the existing factory area in Kayseri.

In the statement, it was decided to invest in a new production facility with a capacity of 24,000 tons in addition to the existing production facility. The cost of this investment is expected to be approximately 30 million dollars, while the company's total production capacity is expected to increase by 50% on an annual basis to 72,000 tons with the commissioning of the new facility. Furthermore, the new facility is expected to contribute 250 million dollars to the annual turnover.

Statement is as follows;

"With regard to the new production facility that our company plans to build domestically within the framework of its organic growth strategy, it has been decided to invest in a new production facility with a capacity of 24,000 tons in addition to our existing production facility, which will be located on the land within our existing factory in Kayseri.
It is expected that the cost of this investment will be around $30 million. With this new investment, our total capacity will increase by 50% on an annual basis to 72,000 tons and is expected to contribute $250 million to our annual turnover.
Company Turnover and Profitability are expected to be positively affected with the commissioning of the new production facility.

It is kindly announced to the public and our valuable shareholders."

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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