Operating with 22 companies that are leaders in their sectors, such as aluminum, automotive, food, and energy sector, the Kibar Group continues its ambitious growth in the global arena. At the Uludağ Economic Summit, Tamer Saka, the Kibar Holding CEO, said that they are planning to introduce Turkey into global markets by investing in fields and products that generate added value.
Moreoverm Tamer Saka, the Kibar Holding CEO, said that he believed in the importance of creating a producing economy. He stated that as one of the prominent industrial organizations in Turkey, Kibar Holding has always been production-oriented and that they aim to introduce Turkey into global markets by investing in fields and products that generate added value.
At the Investment 2023: Infrastructure – Health Panel, which was organized as part of the Uludağ Economic Summit on March 23rd and moderated by Tamer Saka, the current situation of infrastructure and health investments as well as risks and forecasts were discussed. The global liquidity shortage, geopolitical risks, high exchange rates, and developments in interest were addressed at the panel, which was attended by Hüseyin Arslan, the Chairman of the Executive Board of YDA Holding; Mehmet Kutman, the Chairman of the Executive Board of Global Yatırım Holding, İbrahim Çeçen, the Chairman of the Executive Board of IC Holding, Mehmet Özer, the Head of the Directorate General for Health Investments, and Nafi Güral, NFG Group President.
Stating that they believe one should focus on manufacturing smart products with high added value in every sector, Saka expressed the following regarding the most recent investments of the group companies:
“We believe in Turkey’s potential and power. In 2017, our aim is to complete the investments we started in 2016. Assan Gıda, our group company that operates in the food industry, is the leader of the paste and sauce market. It was the top 4th exporting country in 2016. Assan Gıda has an export capacity of 2 billion 460 million dollars. Assan Gıda will complete its new investment of 6 million Euros this year, which will modernize the facilities. We also have an investment for İspak Ambalaj in which all elements of Industry 4.0 are implemented. We plan to carry out this investment worth 70 million euros in March. Also, we are constantly growing and making investments in aluminum. We are getting ready to carry out new investments in order to increase our casting and foil capacity with our technological know-how and the advantage of our leading position in the market.”
Stating that Assan Alüminyum, Kibar Group’s prominent company in the aluminum industry, has become the third largest manufacturer in Europe by reaching an annual capacity of 300,000 tons, Saka said that they aspire to be number one in Europe with new investments that will lead to a production capacity of 80-85 thousand tons of foil.