RESTRUCTURING - Aksa Akrilik Decides to Transfer Energy Business to Newly Established Joint Stock Company through Partial Division

Aksa Akrilik (IS:AKSA) has decided to transfer its energy business unit to a newly established joint-stock company through a partial separation method. Aksa Akrilik, the only acrylic fiber producer in Turkey and a global leader, has entered the process of structuring its energy business unit as an independent company to enhance the strategic focus and growth potential of this segment.

The new company, which will be a 100% subsidiary of Aksa Akrilik, aims to become a service provider offering innovative engineering solutions tailored to the needs of the industry, leveraging its experience in the sector alongside its existing energy production activities. Additionally, it aims to create new business areas by utilizing raw material fields and port capacities more efficiently.

Cengiz Taş, General Manager of Aksa Akrilik, stated that they are evaluating various restructuring alternatives to enable the current business units to operate more effectively and efficiently. He noted, “In this process, the need for simplification and focus within the business lines has emerged. While acrylic fiber production is our core business, the divergence of strategies and investment plans of the energy business unit necessitated an increase in its strategic focus and growth potential. By allowing our energy business unit to be managed under an independent structure, we will achieve our growth objectives in the sector more swiftly and effectively.”