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Assan Aluminum

Sector: Waste Processing and Treatment • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Completed

Assan Aluminyum A.S. (Assan Aluminum or the company), the former state-owned aluminum sheet, coil and foil manufacturer, was acquired in 2005 by the family-owned Kibar Group (Kibar or the Group) through a tendering process from the State Deposit and Insurance Fund of Turkey. The project is a $150 million investment program to modernize, upgrade and expand Assan Aluminum’s existing 30,000 tonnes p

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The project “Assan Aluminum” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

Assan Aluminyum A.S. (Assan Aluminum or the company), the former state-owned aluminum sheet, coil and foil manufacturer, was acquired in 2005 by the family-owned Kibar Group (Kibar or the Group) through a tendering process from the State Deposit and Insurance Fund of Turkey. The project is a $150 million investment program to modernize, upgrade and expand Assan Aluminum’s existing 30,000 tonnes per annum (tpa) capacity by 79,000 tpa and to improve productivity and efficiency of the plant. As a result, together with Kibar’s flagship company Assan Demir, the largest aluminum manufacturer in Turkey, the Group’s consolidated aluminum production capacity will reach about 240,000 tpa. As part of the project, the sponsor also intends to improve the corporate governance of the Group.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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