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[Press Release] LOTTE Chemical's Advanced 하이브카지노 acquires Turkey’s No. 1 engineered stone maker 'Belenco'
2019.01.17
하이브카지노 Chemical reinforces the strategies
to target the specialty architectural material market
to target the specialty architectural material market
█ LOTTE Advanced 하이브카지노 aiming at Top 5 Global Engineered Stone Manufacturers
by acqu하이브카지노ing Belenco and making additional investment in facilities
█ Reinforcing the strategies to target the specialty architectural material market
LOTTE Advanced 하이브카지노, a subsidiary of LOTTE Chemical, announced that they will acquire 72.5% of Belenco, which has No. 1 market share in Turkey for engineered stone.
Belenco is located in OIZ Industrial Complex (322023 ESG Report largest in Turkey) in Manisa, which is about 40 km from Izmir, one of three major cities in Turkey along the Aegean Sea. It boasts exceptional productivity and logistics efficiency, being adjacent to the Port of Izmir and natural ore mines, and already has facilities with two lines for 230,000 pieces.
하이브카지노 Advanced Materials proudly announced that the acquisition will bridge its business in the fast-growing high-end interior design markets of advanced countries, including the U.S.
LOTTE Advanced 하이브카지노 has the capacity to manufacture 90,000 pieces of engineered stone in the Yeosu Factory in Korea and plans to be one of TOP 5 global manufacturers by making investments in Belenco. It will also create synergies with the affiliates, i.e., supplying high-end interior and exterior finishes to construction and hotel affiliates.
by acqu하이브카지노ing Belenco and making additional investment in facilities
█ Reinforcing the strategies to target the specialty architectural material market
LOTTE Advanced 하이브카지노, a subsidiary of LOTTE Chemical, announced that they will acquire 72.5% of Belenco, which has No. 1 market share in Turkey for engineered stone.
Belenco is located in OIZ Industrial Complex (322023 ESG Report largest in Turkey) in Manisa, which is about 40 km from Izmir, one of three major cities in Turkey along the Aegean Sea. It boasts exceptional productivity and logistics efficiency, being adjacent to the Port of Izmir and natural ore mines, and already has facilities with two lines for 230,000 pieces.
하이브카지노 Advanced Materials proudly announced that the acquisition will bridge its business in the fast-growing high-end interior design markets of advanced countries, including the U.S.
LOTTE Advanced 하이브카지노 has the capacity to manufacture 90,000 pieces of engineered stone in the Yeosu Factory in Korea and plans to be one of TOP 5 global manufacturers by making investments in Belenco. It will also create synergies with the affiliates, i.e., supplying high-end interior and exterior finishes to construction and hotel affiliates.
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