Why Are SASA Shares Rising? New Investment Details

Sasa Polyester (SASA) shares surged by more than 3% on the back of a significant recent development. The completion of the new fiber division investment in Adana attracted the attention of investors and accelerated the rise of the shares at the market opening.

New Fiber Division Investment Completed

According to the company's statement to the Public Disclosure Platform (KAP), the investment in the new fiber division established in Adana campus has been successfully completed and the production transition process has started. The plant is targeting an annual capacity of 350,000 tons and the investment is valued at approximately $650 million.

Significant Contribution to Annual Turnover

The investment is expected to contribute a significant annual turnover of approximately $400 million. This could have a positive impact on SASA's financial performance and play an important role in achieving the company's overall growth targets.

Market Reaction and Stocks

SASA shares continue to attract investor attention, rising 3.26% to TRY4.12 in the first trading of the day. This rise is supported by the positive effects of the company's growth strategies and new investments.

All these developments mean that SASA can increase its competitiveness and create a positive perception in the market. However, it is important for investors to be cautious and consider market conditions when evaluating their investments.