Chairman of the Board Mehmet Kutluk and Vice Chairman Melih Kutluk shared the details of the Ortrander acquisition with Ömer Faruk Çiftçi, Bursa Regional Representative of EKONOMİ Newspaper. Melih Kutluk stated that the company had fallen into financial difficulty due to rising energy and labor costs, and that the factory was put up for sale after being placed under trusteeship, emphasizing that this acquisition represents a significant step forward in terms of scale.
The Ortrander facility stands out with a workforce of 200 employees and an annual production capacity of 25,000 tons. Kutluk noted that the company primarily carries out mass-production casting for the automotive sector and has a fast, flexible structure well suited to small-part manufacturing.Melih Kutluk stated, “We have a capacity of 25,000 tons, but the utilization rate is currently low. Our goal is to fully utilize this capacity and establish a profitable and sustainable production structure by reducing costs.”
The Ortrander facility is located on a 65 decare site and has 25,000 square meters of covered production area. Kutluk noted that acquiring companies in Germany is not easy due to regulatory requirements and cultural differences. He also pointed out that the European Union may introduce new regulations and trade measures in the coming period, particularly against China, highlighting the strategic importance of investments in Germany. “After the EU’s decisions, our facilities in Germany will become much more valuable. We believe our timing is right,” he said.
Kutluk Group, which has a total casting capacity of approximately 6,000 tons in Türkiye across its facilities in Bursa and Bozüyük, has reached a total annual production capacity of over 35,000 tons with its two plants in Germany. The group produces mainly for the automotive sector, as well as for the energy, machinery, and stove industries. Kutluk stated that due to high interest rates and difficulties in accessing financing in Turkey, the group is approaching new investments cautiously and is instead focusing on the efficient management of its existing investments.
In addition, the recently commissioned 3D sand printing technology provides a significant advantage in high value-added production. The Teutoguss facility, acquired in 2024, is built on a 45,000 square meter site with 18,000 square meters of covered production area. With a casting capacity of 250 tons in a single shift and 400 tons in double shifts, the plant serves upper-segment customers in Europe with a workforce of 45 employees.
Melih Kutluk stated that they view 2025 as a year of investment and integration, saying, “Our growth has been driven mainly by acquisitions. We have expanded our scale through our investments in Europe. In the coming period, our focus will be on efficiency and sustainable profitability.”
Sourced by:Ekonomim
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