Koc Metalurji has acquired an 11,773 sq m plot of land adjacent to its production facility in Toprakkale, Osmaniye, for TRY 85.38 mln (USD 1.73 mln), according to a company filing.
The purchase was completed on September 28, 2026, with cash payment to Kanat Boyacilik Ticaret ve Sanayi A.S. The company said the land would be evaluated for its existing operations and future investment plans, adding that the acquisition was expected to contribute positively to its activities.
While the company did not specify the intended use of the land, the acquisition could be linked to its earlier investment plans for the Osmaniye facility, including a USD 3.5 mln order for a continuous casting machine in 2025.
Last year, Koc Metalurji ordered the machine from China’s Harbin GuangWang Electromechanical Limited, with shipment expected within seven months. The company said the investment was intended to expand production capacity, increase turnover and improve profitability in line with its IPO fund utilization plan. The new equipment was also expected to reduce production costs, support export growth and improve operational efficiency.
Koc Metalurji operates steel production facilities in Osmaniye and Payas. The Osmaniye plant has an annual crude steel capacity of 1.2 mln tons, while the Payas facility produces up to 550,000 tons of rebar per year.
1 USD / 49.2 TRY