New Decision from Aksa Akrilik for Energy Unit

Aksa Akrilik (AKSA), the leading producer in the acrylic fiber industry, has decided to transfer its energy division to a newly established joint-stock company through a partial spin-off. This strategic move aims to enhance Aksa Akrilik’s strategic focus and growth potential in the energy sector.

Cengiz Taş, the General Manager of Aksa Akrilik, stated that the need for further simplification and focus within the company’s business lines has arisen during this process. The newly formed company will be 100% owned by Aksa Akrilik and will undertake the mission of providing innovative engineering solutions to meet the needs of the industry, in addition to energy production. Taş expressed that managing the energy division under a separate entity will enable the company to achieve its growth targets in the sector more swiftly and effectively.

With this step, Aksa Akrilik aims to utilize its energy production and maintenance activities, as well as its raw material fields and port capacity, more efficiently and to create new business areas. As a result, the energy division will be able to differentiate itself from acrylic fiber production and establish its own strategy and investment plans.

Recent status of AKSA stock

AKSA started the week with an increase of nearly 5%, rising to around 9 TL. Following a partial decline, the stock is trading in the afternoon session around the 8.80 TL range while maintaining a positive outlook.

Since July, AKSA has undergone a significant correction. The stock, which has moved positively over the past two weeks, has made a new move for a trend reversal. After gaining nearly 60% in value this year, aggressive selling in the second half of the year has reduced its annual value increase to 10%.