Kozal's Title Change, New Partnership from YEOTK, BEYAZ Sets a Record: Latest Developments from BIST Companies
Companies in Turkey continue to make significant strides both nationally and internationally. Koza Altın's trade name has been changed to "Türk Altın İşletmeleri," while Yeo Teknoloji aims to participate in mega projects in the region by establishing a strong partnership in Saudi Arabia. Meanwhile, Beyaz Filo has captured notable growth in the sector by increasing vehicle sales by over 30% in 2024.
Koza Altın's name is changing to Türk Altın İşletmeleri The trade name of Koza Altın İşletmeleri A.Ş. (KOZAL) is changing to "Türk Altın İşletmeleri Anonim Şirketi" by a presidential decree. The new trade name will be registered in the Trade Registry Gazette following the approval of relevant public institutions and the general assembly.
Yeo Teknoloji established a partnership in Saudi Arabia YEO Teknoloji Enerji ve Endüstri A.Ş. (YEOTK) has completed the establishment of Yeo Saudi Contracting LLC, in which it holds a 95% stake, to operate in industrial, energy, water, and infrastructure projects in Saudi Arabia. This collaboration aims to carry out strategic investments alongside mega projects in Saudi Arabia.
Kimteks Poliüretan produces innovative panels for the defense industry Kimteks Poliüretan (KMPUR), in collaboration with Aluform Pekintaş, has developed antiblast and bullet-resistant insulated sandwich panels for the defense industry. These panels contribute to energy efficiency with their high insulation and durability properties.
Say Yenilenebilir received an order for turbine components from China Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) has received an order for the export of wind turbine tower internal components worth 988,442.56 euros from Chengxi Shipyard Co. Ltd. in China. The delivery of the products is expected to be completed by the first quarter of 2025.
Metemtur merges with Galvano Market Metemtur Yatırım Enerji (METUR) has decided to merge with Galvano Market by acquiring all of its assets and liabilities. The merger process will be finalized after obtaining the Capital Markets Board's approval and the general assembly's consent.
Meka Global received an overseas order Meka Global's subsidiary, Meka İthalat İhracat Pazarlama, has received an order for crushing and screening equipment valued at 1,146,250 euros from an overseas client.
Order package measure for OTTO as part of VBTS Borsa İstanbul will implement an order package measure for OTTO shares until the end of the session on February 7, 2025, under the scope of VBTS. This measure involves restrictions on market orders and limit order entries.
Beyaz Filo increased vehicle sales by 30% in 2024 Beyaz Filo Oto Kiralama A.Ş. (BEYAZ) achieved sales of a total of 19,861 new vehicles in 2024, marking a growth rate of 30.40%. The company's market share increased to 1.60%.
Hun Yenilenebilir generated $13.9 million in revenue Hun Yenilenebilir Enerji (HUNER) generated $13,920,816 in revenue from solar power plants with a capacity of 66.6 MW in 2024. Electricity production exceeded the targeted value by 0.94%.