Istanbul based wire mesh producer Ayes Celik has announced that it will invest USD 2.03 million in its plant in Izmir, Turkey for wire and wire based product production.

Ayes Celik officials told that the company has acquired 4,000 square meter of land neighboring its 10,000 square meter plant in the Kemalpasa district for the investment, pointing out that the motivation for the venture is to increase the output to satisfy the increasing overseas demand.

The equipment for the project will be supplied by local equipment provider Meteor Makine. Following the investment, the annual output capacity of the company will exceed 100,000 tonnes.

The officials stated that Ayes Celik has been receiving high levels of orders from overseas markets such as Brazil and North Africa, particularly Libya, the company is currently targeting the northern Iraqi market.

(Sourced from Steel Orbis)