Kardemir Çelik launches 100 million TL share buyback program

Kardemir Çelik has announced a share buyback program, allocating up to 100 million TL to repurchase a maximum of 10 million B-group shares traded on Borsa İstanbul. The program, which can be implemented over a one-year period, aims to improve capital allocation and utilize company resources effectively. Board member Özlem Bakırel stated that the initiative is intended to protect shareholder interests while the company continues its production and export activities.

Separately, Kardemir Çelik has been ranked 163rd in the Fortune 500 Türkiye list, reporting net sales of 22.97 billion TL. This represents a 13.4% increase in net sales compared to the previous year. The company ranks 10th in the metal casting and processing sector and is the third-largest company based in Denizli. With over 1,350 employees and seven production facilities, the company continues to focus on sustainable growth and international competitiveness.