Assan Alüminyum acquires US aluminium foil plant in West Virginia to expand local production
Assan Alüminyum has bought an aluminium foil production plant in West Virginia through its subsidiary Kibar Americas. With this purchase, the company will now produce aluminium foil locally in the United States. This helps it expand its operations outside its home country.
The new plant will produce aluminium foil for automotive fin stock, HVAC fin stock, food-grade foil containers, and industrial use. This move comes at a time when many companies are focusing on local production instead of imports. Producing in the US can help reduce supply risks and transport costs.
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Haluk Kayabaşı, CEO of Kibar Holding, said, “The acquisition of this US facility marks a strategically significant step in enhancing our global competitiveness. Our growth strategy is driven by the principles of sustainable production, digitalisation, and environmental responsibility; and this investment reflects our commitment to advancing those goals on a global scale."
The acquisition will also help the company supply customers in North America more easily. It aims to improve delivery time and reduce dependence on exports.
The company is already one of the largest aluminium foil producers in Europe. This step increases its presence in the global aluminium market.
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Kibar Americas' COO, Atilla Cetinel, added, "The West Virginia plant will produce high-quality aluminium foil for applications including automotive fin stock, HVAC fin stock, food-grade foil containers, and industrial foil. We will begin a detailed evaluation of all options for the future use of the facility. This acquisition will significantly enhance our ability to serve customers locally and expand into key end-use markets."
*Image source: www.prnewswire.com
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