Assan Aluminyum Pioneers in Sustainability with $90 Million Investment

Assan Aluminyum, a prominent figure in the flat-rolled aluminum industry, has embarked on a significant stride towards sustainability and increased production capacity. The company has secured a $90 million green loan from the International Finance Corporation (IFC) to back its ambitious multi-year investment program focused on sustainable growth. This initiative marks a significant move towards modernization and environmental stewardship within the industry.

As a subsidiary of the Kibar Group, Assan Aluminyum's investment strategy includes the introduction of an energy-efficient cold rolling line, alongside new continuous casting lines and enhanced filtration systems for both new and existing operations. These advancements aim not only to bolster production efficiency but also to significantly lower the company's carbon footprint. A key aspect of this strategy involves increasing the utilization of renewable energy sources and incorporating more aluminum scrap into production processes. The end goal is to augment the company's total annual production capacity by 60,000 tonnes, positioning Assan Aluminyum as the leader in continuous casting capacity across Europe and the Americas.

In preparation for this green financing, Assan Aluminyum crafted a green financial framework in line with the green loans and bonds principles, setting clear, quantifiable targets for its expansion. This framework paved the way for the company to leverage green financing tools effectively. The IFC's financing, entirely focused on climate, resonates perfectly with Assan Aluminyum's commitment to a greener future.

Göksal Güngör, Managing Director of Assan Aluminyum, emphasized the company's dedication to sustainability as a core value, alongside reliability, flexibility, and innovation. "Aluminum plays a crucial role in transitioning towards a more sustainable future," he stated, affirming the company's commitment to aligning future endeavors with global sustainability principles. "Producing the future, not wasting it" remains the company's sustainability motto, as it aims to set industry-wide benchmarks for sustainability initiatives and actions.