Astor Enerji's $150 Million Investment Move

Astor Enerji Announces New Investment Decision

Astor Enerji (ASTOR) plans to undertake a significant investment decision with a new project worth 150 million dollars in the Expansion area of the Organized Industrial Zone in Ankara.

Factories are being Projected

The company announced that 95% of the projects for Phase 1 Switchgear Products Factory and Phase 2 Conductor Production Factory, which it previously started construction on, has been completed. Currently, installation and assembly works are ongoing. In addition, Astor Enerji aims to expedite work to initiate the construction of Phase 3 High Power Transformer Factory and Phase 4 High Power Mechanical Factory in the same region.

Responding to Market Demand

The investment decision was made considering the increasing demand for electric energy, particularly in the American market and globally. The company anticipates that the demand for its existing products will continue to grow.

Capitalization and Revenue Goals

As a result of the investments, it is planned to increase the annual production capacity of power transformers from 32,000 MVA to 100,000 MVA, and the annual production capacity of the power mechanical factory from 18,000 MVA to 108,000 MVA. These investments are expected to contribute 1 billion dollars to revenue and 350 million dollars to EBITDA.

Construction and Infrastructure Works

The construction and technical infrastructure works of the investment are targeted to be completed by the end of 2026. Astor Enerji's move is seen as a significant step towards increasing competitiveness in the electricity sector.