Kibar Holding Expands Presence with US Acquisition

Assan Alüminyum, a major player in the European aluminum foil market, has taken a significant step in its global expansion strategy by acquiring a production facility in West Virginia, USA. This move, executed through its subsidiary Kibar Americas, positions Assan Alüminyum as a local manufacturer in the United States, bolstering its international presence.

Haluk Kayabaşı, CEO of Kibar Holding, sees this investment as a crucial milestone in the group's globalization efforts. The acquisition aims to enhance Kibar's global competitiveness through sustainable and innovative production practices. This expansion supports the group's activities in various industries, including aluminum, automotive, and packaging.

The newly acquired facility will focus on producing high-quality aluminum foil, catering to diverse applications like automotive and industrial uses. This strategic move aligns with Kibar Americas’ vision of being a local producer while maintaining a global influence.