ARTMS's GES Project, Contract with ANGEN, PASEU's New Flights: Latest Updates from BIST Companies
You can find our summary of current company news, prepared based on the announcements made by companies listed on Borsa Istanbul, in the continuation of our content.
Artemis Halı's solar energy project completed and commissioned Artemis Halı A.Ş. (ARTMS) has completed its solar energy plant set up on the roof of its production facility in Gaziantep and commissioned it after inspections by the General Directorate of Turkish Electricity Distribution Co. under the Ministry of Energy and Natural Resources, achieving 100% operational status. With this project, the company aims to contribute to the use of clean energy and reduce its carbon footprint by saving on electricity costs. The unlicensed solar energy plant has a capacity of 2296.80 kWp/1700 kWe and was implemented under a contract with Liva Enerji Ticaret Limited Şirketi. The project's general acceptance protocol was issued by the Investment Monitoring Department.
Anatolia Tanı signs a contract with a public institution Anatolia Tanı ve Biyoteknoloji Ürünleri T.A.Ş. (ANGEN) has signed a laboratory service procurement contract worth 17,030,632.23 TL with a public institution for a duration of 36 months, effective December 25, 2024. The company has announced that it will delay disclosing the contract to the public within the framework of Capital Market Regulations, indicating that information will be shared with a limited audience. The company management announced that information would be kept confidential until the contract is finalized, given the uncertain conditions of the tender.
Söktaş completes the sale of Efeler Farm Söktaş Tekstil Sanayi ve Ticaret A.Ş. (SKTAS) has completed the sale process of Efeler Farm, receiving a payment of 17.5 million USD. The income from the sale is intended to be utilized in the repayment of the company’s consortium loans as well as long-term financing debts. This sale is expected to create positive impacts on Söktaş's financial performance and efficiency starting from 2025. The company aims to strengthen its financial structure through increased working capital.
BMS Birleşik Metal connects solar energy investment to national grid BMS Birleşik Metal Sanayi ve Ticaret A.Ş. (BMSTL) has connected its solar energy plant in Kırşehir to the national grid. The facility, accepted by TEDAŞ 14th Regional Directorate, is expected to produce 10,800,000 kWh of electricity annually. The plant is projected to cover 80% of the company’s energy needs from clean energy sources, representing a significant step in supporting the company’s sustainability goals.
Pasifik Eurasia starts new block train services Pasifik Eurasia Lojistik Dış Ticaret A.Ş. (PASEU) has launched new block train services from Turkey to Europe. Trains departing from the Köseköy Logistics Center reach Kapıkule via Marmara and continue on to Europe. The new services aim to shorten the logistics processes of Anatolian industrialists and exporters, thereby increasing their revenues and profits, particularly focusing on the faster transportation of loads from the Gulf region.
Ekiz Kimya extends the repurchase protocol with the bank Ekiz Kimya Sanayi ve Ticaret A.Ş. (EKIZ) has extended the repurchase period of the properties under the Loyalty Rights Protocol signed with Vakıfbank (VAKBN) on June 2, 2023, until June 25, 2025. The company stated that the extension of the contract period is to facilitate the transfer of properties. This extension is seen as a step taken within Ekiz Kimya’s strategic real estate management plans.
Tatlıpınar Enerji signs contract for wind turbines Tatlıpınar Enerji (TATEN) has signed a contract for the supply of seven wind turbines with a total capacity of 41.30 MW for capacity increase at its energy plants in Yalova and Bursa. This agreement also includes a total of 12 years of service and maintenance support. With this capacity increase, the company’s total installed power will reach 358 MW, significantly boosting energy production.
Batıçim prepares application for capital market authority for subsidiary Batıçim Bati Anadolu Çimento Sanayi A.Ş. (BTCIM) is preparing to apply to the Capital Markets Board for the transition to a registered capital system concerning the public offering of its subsidiary, Batıliman Port Operations. The company has announced that the application will be completed as soon as possible. This step is viewed as significant progress in Batıçim’s public offering process and as part of its future financial growth strategies.
Karel enters contract process for Vodafone tender Karel Elektronik Sanayi ve Ticaret A.Ş. (KAREL) has won the tender for continuous energy services with lithium batteries, IoT devices, and diesel generators for Vodafone (VOD). The contract for the tender, valued at approximately 45 million USD, will be signed for a duration of 4 years starting from January 1, 2025. This agreement is considered an important milestone for Karel to strengthen its presence in the energy services sector and expand its service range.