Bayrak EBT informed KAP that it has decided to merge its grassroots companies.

Garanti Recycling is a pioneer in its sector by exporting to 20 countries from the United States to the United Kingdom. It has an important place in the sector with over 500 employees and an annual production capacity of 35 thousand tons. While the importance of recycled raw materials increases with the carbon tax implementation of the European Union, the expansion of companies such as Garanti Recycling in new markets may accelerate.

Garanti Recycling stands out with its production quality at European standards by offering innovative solutions in the field of plastic recycling. It produces recycled POLYETHYLENE (PE) and POLIPROPYLENE (PP), which are the most used in the world plastic market. The company uses advanced technology in the production of recycled granules, which are the raw materials of plastics such as LDPE, LLDPE, HDPE, OPP. Quality documents include standards such as RCS (Recycled Claim Standard).

Bayrak EBT Taban Sanayi ve Ticaret A.Ş. has been manufacturing PVC soles and Faylon soles since 1994, highlighting quality, comfort and convenience. The company employs 315 people and has an annual production capacity of 6 million double soles. It is a leader in the industry and has many

It produces soles for prestigious brands with its sustainable principle.

With the merger and new investments, the production capacity is expected to grow between 45 percent and 60 percent in the first year with the combination of Garanti Transformation and Bayrak EBT Base.

The number of employment is expected to increase from 800 to over 1100 and the turnover in 2024 is expected to reach the targeted 2 billion TL. This major merger may lead to significant changes in the way of doing business in the industry and positioning in the market.

In his statement about the merger, Bilal Naz stated that combining the forces of the companies will provide more benefits to the sector and companies and create new opportunities in the business world.

Naz emphasized their goal of becoming a stronger presence in the global market and stated that they will continue their sustainability, innovative and technology-oriented work.