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A statement from Kocaer Çelik about the Aliağa Factory!

Kocaer Çelik Sanayi ve Ticaret A.Ş. (KCAER) released a statement to the Public Disclosure Platform (KAP) on January 2, 2024, detailing the second phase of investments in value-added products.

A statement from Kocaer Çelik about the Aliağa Factory!

The company has announced that planned shutdowns will be performed at the Aliağa A1 facility and revision activities will be initiated to commission new machinery and equipment.

According to the statement, as the second phase of the investment plans, a planned shutdown will be initiated at the Aliağa A1 facility between January 5, 2024 and March 5, 2024, and revision works will be carried out to commission new machinery and equipment.

Kocaer Çelik's statement to Kap;

"We previously mentioned that we have determined our investment strategies as renewable energy investments and high value-added new product investments in order to realize our company's growth targets in the coming years. In line with this goal, we had a planned shutdown at our Aliağa A2 Facility between April 24, 2023 and May 20, 2023, and carried out the necessary revisions by commissioning new machinery and equipment in the production lines without causing any interruption in our production and shipment targets.

As the second phase of our investment plans, a planned shutdown will be carried out at our Aliağa A1 facility between January 5, 2024 and March 5, 2024, and revision works will be carried out for the commissioning of new machinery and equipment.

During the planned shutdown, all necessary preparations have been completed to ensure that there will be no disruption in the production and shipment targets budgeted for 2024. After these investments, which we will realize by using the latest technology for the production of new value-added products in our Aliağa A1 facility, we aim to make a positive contribution to the turnover and profitability of our company with our value-added products that we will increase production and sales, and to further strengthen our global competitive advantage and exports.

Respectfully informing the public."

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