WE WILL INCREASE THE NUMBER OF OUR DIGITALIZATION INVESTMENTS

December 2021

Ali Kibar, Chairman of Kibar Holding stated “We have been through unprecedented times in the last 1.5 years. However, thanks to our country’s strong production and regional advantage, we managed this process successfully despite all difficulties, as we expanded our place in the global supply chain and kept the wheels turning during the pandemic. We predict that the Turkish economy will grow by 10 percent at the end of 2021.”

Ali Kibar added, “As Kibar Holding, we maintained our steady growth in 2021. As 2021 comes to an end, we are excited to celebrate our 50th anniversary. We believe in our country and strive to ensure the continuity of production and employment without any interruption to our investments. In 2022, we will increase the number of our digitalization investments in the industries in which we operate.”

WE ARE PLANNING TO INVEST $100 MILLION IN ASSAN ALUMINYUM

Referring to the investments that the company plans for 2022, Ali Kibar stated “We project an investment of $100 million in Assan Alüminyum, which operates in the aluminum industry for 2022. Assan Hanil, which is one of our subsidiaries and operates in the automotive sector, developed air-suspension driver and passenger seats (ASD) for buses and trucks. We will invest €40 million in ASD in the medium term and build a production facility in Europe. "

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