ASSAN ALUMINUM PLANS NEW INVESTMENT OF USD 95M

The flat-rolled aluminum manufacturer Assan Aluminyum plans to make a USD 95m investment by 2024. It plans to increase production capacity to over 360,000 tons as part of its sustainability-focused goals, according to Goksal Gungor, General Manager of Assan Aluminyum. Over the past two years, the company made a USD 60m investment. “Sustainability is the most important thing on our company’s agenda. We’ve received the provisional Sustainability Performance Standard Certificate from the Aluminum Stewardship Initiative, which applies to the sustainability of both our production plants in Tuzla and Dilovasi as well our recycling facility,” said Gungor. With this new investment, the company will buy new cold rolling lines and modernize its existing cold rolling lines, thus increasing its molding lines to 24 over the course of three years.