32-Year-Old Casting Company Declares Bankruptcy Amid International Export Challenges

BEĞENDİM

ABONE OL

News

0

Savurma Industry Faces Economic Turmoil

The renowned Savurma industry, which supplies numerous sectors including the prominent Güven Pres Döküm and its export-focused subsidiary GPD Pres Döküm, has been unable to withstand the ongoing economic downturn. After 32 years of operation, the company has officially declared bankruptcy, marking a significant setback for the manufacturing and export sectors involved.

The court issued a three-month provisional suspension order for the company, which primarily exports products to Italy, along with Germany, Switzerland, the USA, and Japan. This legal move aims to facilitate a potential restructuring process while protecting the company’s assets during this challenging period.

Company Overview and Historical Background

Founded in 1993 and located in the Organized Industrial Zone of Tuzla, Güven Pres Döküm Sanayi ve Ticaret A.Ş. is a leading manufacturer specializing in high-pressure aluminum casting. Over its three-decade history, the company has diversified its production across various sectors, including LPG systems, defense, industrial electronics, and automotive industries.

Since 2001, the company shifted its strategic focus toward international markets, with exports constituting approximately 85% of its total production. It primarily supplies high-quality aluminum castings to countries such as Italy, Germany, Switzerland, the United States, and Japan.

Ownership and Management

The enterprise was initially established by Hakan Aşarı, who was a pivotal figure in its growth and global expansion. Following his passing in 2019, the management transitioned to his wife and son, who continue to oversee the company’s operations amidst the current financial difficulties.

Industry Impact and Future Outlook

This bankruptcy underscores the profound impact of the prevailing economic crisis on manufacturing firms, especially those heavily reliant on exports. The outcome of the provisional suspension period will significantly influence the company’s future trajectory, whether through restructuring or potential closure.

This article has been developed, translated, and reviewed with the support of artificial intelligence by a professional editor or author. For further details, please review our Terms and Conditions. Vezir Agency