Accordingly, the company entered into a purchase and sale agreement with Chinese equipment supplier Harbin GuangWang Electromechanical Ltd. for a continuous casting machine worth $3.5 million. It is expected that the equipment will be ready for delivery within seven months and will help increase capacity, as well as contribute to the turnover and profitability of the metallurgical enterprise.
On the other hand, KoçMetalurjiannounced financial results for the first nine months of this year.
During the period, the company achieved a net loss of 433.39 million Turkish liras ($10.31 million), compared with a net profit of 176.72 million Turkish liras from January to September of the previous year, while it recorded an operating loss of 234.13 million Turkish liras ($5.72 million) during the period Revenue from Koç salesMetalurjiincreased by 7.3 percent year-on-year to 14.91 billion Turkish liras ($354.89 million).
