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Sasa completes its PTA investment

Sasa announced that its $1,72 billion PTA investment has been completed
 
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Two More Colossal Works from Erdemoğlu: 134-Bed Modern Teacher's House in Besni and 16-Classroom Science High School in Gölbaşı

Erdemoğlu Holding is bringing a 134-bed modern teacher's house to Besni and a 16-classroom science high school to Gölbaşı. Our fellow countryman Ali Erdemoğlu, a philanthropic businessman known for his contributions in the education and social fields, signed the protocol for the teacher's house and science high school to be built in Besni and Gölbaşı.
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Erdemoğlu Holding Scrutinizes The Oil Wells in Gabar

According to the statement released by the holding, as of November, a total of 3 million 425 thousand barrels of crude oil were produced in Turkey, and half of that production is supplied from Gabar. Turkey's highest quality oil is produced in Gabar, where daily oil production exceeds 61 thousand barrels.
 
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It Rose To The Top Knot By Knot! The World's Carpet is from Merinos of Gaziantep

Merinos, one of the companies of Erdemoğlu Holding, which undersigns 7 out of every 100 carpets sold in the world, has left its Chinese competitors behind in the American and European markets. The company, which weaves approximately 40 million square meters of carpets annually and increases its capacity with new investments, will be offered to the public in mid-2025.
 
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Merinos Carpet Is On Its Way to Public Offering

25 percent of Merinos Carpet, one of Erdemoğlu Holding's companies, will be offered to the public around mid-next year. İbrahim Erdemoğlu, Chairman of the Board of Directors of Erdemoğlu Holding, who made statements regarding the subject, said they plan to sell 50 percent of the shares to foreign investors.
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One In Every 4 Pieces of Carpet In The US And One in Every 3 In Europe Is Our Product.

As soon as we entered Merinos Carpet's facilities in Gaziantep with İbrahim Erdemoğlu, Chairman of the Board of Directors of Erdemoğlu Holding, we went on the golf vehicles waiting readily for us, and we went on a tour of the plant, which was established on an area of 900 thousand square meters, under the guidance of Mehmet Erdemoğlu, Member of the Board of Directors of the company.
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Carpet Emperor Runs for IPO

Erdemoğlu Holding, which now produces seven out of every 100 carpets sold in the world, will offer Merinos, which weaves approximately 40 million square meters of carpets per year, to the public. İbrahim Erdemoğlu, Chairman of the Board of Directors of Erdemoğlu Holding, said, "We aim to add half of the public offering proceeds to Merinos' capital and transfer the other half to the holding as a resource. We want to transfer some of that resource to Sasa."
 
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Investments Continue, Winks at the Stock Exchange

Erdemoğlu Holding plans to offer Merinos to the public by May 2025. The public offering will take place in the form of both partner sales and capital increase. Half of the shares will be destined for foreign investors, while the cash to be generated will be used in ongoing projects.
 
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Colossal Investment On The Home Stretch

Impressions from Sasa's production center in Adana…
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Growing With Investment, Winked at Gabar

Sasa, which aims to reduce Turkey's foreign dependency in the petrochemical sector with the inspiration it receives from oil discoveries, plans to incorporate the Gabar move into its new term plans.
 
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Sasa Champs at the Bit! It Became a Regional Power in Polyester. Now It's Petrochemicals' Turn

Stating that they have invested a total of 4 billion dollars since 2015 when they acquired Sasa, Erdemoğlu Holding Chairman İbrahim Erdemoğlu said, “Ongoing investments will be completed by June 2025.
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Becomes the Production Base of Eurasia

SASA, which has reached a capacity to meet 54 percent of Turkey's polyester needs, has completed its strategic investment that will prevent 1,5 billion dollars of imports.
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Investment in Sasa Reaches Four Billion Dollars, Becoming the 'Largest' Excluding India and China

İbrahim Erdemoğlu, Erdemoğlu Holding Chairman of the Board of Directors, remembered the 2014-2015 period while showing us around the Sasa facilities in Adana, with a group of my colleagues last week:
- Turkey's polyester imports in 2013-2014 were 1,5 billion dollars. It was also among our raw materials at  Merinos Carpet. I started to think about the pros and cons of getting into this business.
 
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Bingöl Üniversitesi Geliştirme Vakfı (BÜGEV) Dr. Cevdet Yılmaz Vakıf Binasının Temeli Atıldı

The groundbreaking ceremony of the new service building of the Bingöl University Development Foundation (BÜGEV) has been held with the participation of Dr. Cevdet Yılmaz, Vice President of the Republic and Honorary President of the foundation.
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We Will Grow 50 Percent With An Investment Of $2,3 Billion

Stating that they are girding their loins to complete their investments of approximately 2,3 billion dollars by the end of the year, Erdemoğlu Holding Chairman İbrahim Erdemoğlu says, "Our investments will contribute to increasing our exports and bring along 50 percent growth."
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A Sports High School Complex from Erdemoğlu Holding to Trabzon

The inauguration of the İbrahim Erdemoğlu Sports High School Complex, which was completed by Erdemoğlu Holding in Akçaabat, Trabzon, took place with wide participation.
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SASA's PTA Facility Will Produce It's Own Electricity

İbrahim Erdemoğlu, Erdemoğlu Holding Chairman of the Board of Directors, said, "We estimate that we will produce 1 million 500 thousand tons in PTA next year, and the following year it will increase to 1 million 700 thousand."
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The Facility Where SASA Will Produce PTA, The Raw Material Of Polyester, Clears The Deck For Opening

The facility established by SASA Polyester Sanayi AŞ in Adana with state support to produce Purified Terephthalic Acid (PTA), which is the raw material of polyester and fiber, for the first time, is planned to start operating by the end of the year.
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MONUMENTAL SUPPORT FOR EDUCATION

The schools and lodgings built by the Erdemoğlu Family in Adıyaman’s district of Besni were inaugurated with a ceremony attended by the Minister of National Education Yusuf Tekin.
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Despite Challenging Conditions, We Realized Over 800 Million-Dollar Exports

"Behind this success are strong sales and marketing strategies, strategic geographical location, flexible production structure, customer-oriented solutions, and sustainable production experience. Despite the challenging conditions, our Holding offered products to more than 50 countries and achieved brilliant financial results by realizing over 800 million-dollar exports in 2023."
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"Employment Is As Much An Ethical Field For Us As It Is Strategic"

Stating that they work to ensure that their priorities in employment are not only strategic but also ethical, Mehmet Şeker, Board Member of SASA, explained that their relations with the unions have developed also on this principle. Şeker said, "SASA provides a substantial contribution to the employment of the region with its workforce exceeding 14 thousand people."
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