Assan Alüminyum, one of the two largest aluminum foil producers in Europe and a leading flat rolled aluminum manufacturer, acquired an aluminum foil production facility in West Virginia, through its subsidiary Kibar Americas. With this acquisition, Assan Alüminyum becomes a local producer in the U.S., further strengthening its position in the global aluminum industry.
“At a time when global trade dynamics are shifting and localized production is gaining importance, this investment reflects our commitment to the North America region and represents a major step forward in our long-term vision,” said Göksal Güngör, general manager of Assan Alüminyum and director of Kibar Americas. “We are extending our growth model — built on reliability, flexibility, innovation, and sustainability — into the Americas.”
Assan Alüminyum manufactures coil and sheet, foil, and pre-painted aluminum products in its production facilities located in Istanbul, Turkey, with an installed annual capacity reaching up to 800 million pounds. Located in Chicago, IL, Kibar Americas is a wholly owned subsidiary of Assan and creates more value for the company by providing customized solutions for its customers. Kibar Americas includes a renewable energy power plant and the in-house recycling facility, both serving the company’s sustainability strategy by reducing the company’s carbon footprint.
“The West Virginia plant will produce high-quality aluminum foil for applications including automotive fin stock, HVAC fin stock, food-grade foil containers, and industrial foil,” said Atilla Cetinel, COO of Kibar Americas. “We will begin a detailed evaluation of all options for the future use of the facility. This acquisition will significantly enhance our ability to serve customers locally and expand into key end-use markets.”
Haluk Kayabaşı, CEO of Kibar Holding, emphasized that the investment represents a key milestone in the Group’s long-term globalization vision, as it reinforces Kibar Holding’s position as a sustainable industrial group with growing activities across the aluminum, automotive, and packaging industries.
“It is important to the Kibar Group, as well as to our customers and other stakeholders that we continue to build on our strong industrial foundation by expanding our international presence,” said Kayabaşı. “The acquisition of this U.S. facility marks a strategically significant step in enhancing our global competitiveness. Our growth strategy is driven by the principles of sustainable production, digitalization, and environmental responsibility; and this investment reflects our commitment to advancing those goals on a global scale.”