Dogan Holding has signed an agreement to sell its entire stake in Çelik Halat, the leading steel rope and wire manufacturer in Turkey, to Artaş İnşaat and Betatrans Lojistik. Doğan Holding has decided to transfer 75% of its 69.83% stake in Çelik Halat. to Artaş İnşaat Sanayi & 25% to Betatrans Lojistik. 30.17% of Çelik Halat's shares are traded on Borsa İstanbul. The transfer of the aforementioned shares owned by Doğan Holding will be finalized following the approval of the Competition Board. Turkey's leading steel rope and wire manufacturer Çelik Halat joined Doğan Group in 1997, and celebrated its 60th anniversary in 2022. Çelik Halat, which commenced its operations with the manufacture of steel rope, galvanized wire and spring wire with an initial annual production capacity of 4,500 tonnes, has adapted itself to the evolving market conditions and added prestressed concrete bundles to its product range in addition to its investments across all product categories, thus boosting its total annual production capacity to 70,000 tonnes. The finished steel rope, galvanized wire, industrial spring wire, patented wire and concrete bundle products offer several use cases in a variety of industries from automotive to white goods, mining to forestry, agriculture to construction.
Dogan Holding has signed an agreement to sell its entire stake in Çelik Halat, the leading steel rope and wire manufacturer in Turkey, to Artaş İnşaat and Betatrans Lojistik. Doğan Holding has decided to transfer 75% of its 69.83% stake in Çelik Halat. to Artaş İnşaat Sanayi & 25% to Betatrans Lojistik. 30.17% of Çelik Halat's shares are traded on Borsa İstanbul. The transfer of the aforementioned shares owned by Doğan Holding will be finalized following the approval of the Competition Board. Turkey's leading steel rope and wire manufacturer Çelik Halat joined Doğan Group in 1997, and celebrated its 60th anniversary in 2022. Çelik Halat, which commenced its operations with the manufacture of steel rope, galvanized wire and spring wire with an initial annual production capacity of 4,500 tonnes, has adapted itself to the evolving market conditions and added prestressed concrete bundles to its product range in addition to its investments across all product categories, thus boosting its total annual production capacity to 70,000 tonnes. The finished steel rope, galvanized wire, industrial spring wire, patented wire and concrete bundle products offer several use cases in a variety of industries from automotive to white goods, mining to forestry, agriculture to construction.
