In a notification made to the Public Disclosure Platform on March 4, 2024, Kuzey Boru A.Ş. (KBORU) unveiled significant details regarding an investment decision for capacity expansion.
The company’s Board of Directors announced a 7,000,000 USD investment decision under the “Investment for Capacity Expansion” on March 1, 2024. The investment, with 3,400,000 USD allocated for the upper structure product group and 3,600,000 USD for the lower structure product group, is expected to have capacity impacts of 100% in PPR Extra Parts production, 18% in PE pipe production, and 14% in Corrugated Pipe production. The details of the business contract made by the company were disclosed to investors through the Public Disclosure Platform (KAP).
Public Disclosure Platform Statement: “Our Board of Directors has decided on a 7,000,000 USD investment under the ‘Investment for Capacity Expansion’ on March 1, 2024. The expected capacity impacts of the investment, with 3,400,000 USD allocated for the upper structure product group and 3,600,000 USD for the lower structure product group, are as follows: 100% in PPR Extra Parts production, 18% in PE pipe production, and 14% in Corrugated Pipe production.”
source: tr.investing.com / prepared by Melisa Beğiç
