Kibar Holding Expands Global Footprint with Strategic Investment in the United States

Assan Alüminyum expands its manufacturing footprint to North America through its US subsidiary

ISTANBUL and CHICAGO, April 1, 2026 /PRNewswire/ -- Assan Alüminyum, one of the two largest aluminum foil producers in Europe and a leading flat rolled aluminum manufacturer, has acquired an aluminum foil production facility in West Virginia, USA, through its subsidiary Kibar Americas. With this acquisition, Assan Alüminyum becomes a local producer in the United States, further strengthening its position in the global aluminum industry.

Haluk Kayabaşı, CEO of Kibar Holding, emphasized that the investment represents a key milestone in the Group's long-term globalization vision:
"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. 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."

Kayabaşı added that the new facility also reinforces Kibar Holding's position as a sustainable industrial group with growing activities across the aluminum, automotive, and packaging industries.

Assan Alüminyum's General Manager and Kibar Americas Director Göksal Güngör highlighted the strategic importance of the facility for the company's global operations:
"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. We are extending our growth model—built on reliability, flexibility, innovation, and sustainability—into the Americas."

Kibar Americas' COO, Atilla Cetinel added that the company's expansion into the Americas marks another step toward its vision of being a 'local producer and global player':
"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. 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."

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