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Alves Kablo

ALVES CABLE CHAIRMAN OF THE BOARD OF DIRECTORS DENIZ KARAMERCAN: “WE ADD STRENGTH TO THE POWER OF OUR COUNTRY”

Alves Kablo
ALVES CABLE CHAIRMAN OF THE BOARD OF DIRECTORS DENIZ KARAMERCAN: “WE ADD STRENGTH TO THE POWER OF OUR COUNTRY”

 

Alves Kablo, the young and ambitious brand of the cable industry, is rapidly progressing towards becoming one of the leading cable manufacturers in Turkey and the world by exporting to more than 30 countries with its energy and solar cables with international quality certificates. Stating that they grow by adding new countries to their export portfolio every year, Deniz Karamercan, Chairman of the Board of Directors of Alves Kablo, stated that their exports reached the targeted level with an increase of 36 percent in 2022 in accordance with the national economy and Turkey’s national targets. Karamercan said, “Our exports increased by 445.6 percent in Turkish lira, reaching an effective part of our total turnover. As Alves Kablo, we aim and endeavor to keep up with the demand favor provided by domestic and foreign markets and to provide more benefits to all our stakeholders. We add strength to the power of our country with our domestic production and exports.” Stating that Alves Kablo increased its capital 3 times in 2022, Karamercan said, “We aim to increase our profitability and further strengthen our financial structure with our strengthened capital structure in the coming periods and to provide high returns to our stakeholders in terms of dividend yield.” “Alves Cable family continues to grow with its strong and loyal dealer network” Stating that Alves Kablo continues to grow with its strong and loyal dealer network, Karamercan said, “Our company increases its stable sales day by day with its effective dealer network. According to unconsolidated data, Alves Kablo has succeeded in increasing its assets by 3 times and net sales by 2.5 times in 2022. The contribution of capital markets to our company’s strategic development, fund raising, regional environment, national economy, exports and employment is undeniable. Alves Kablo also looks positively at the public offering process in order to accelerate its investments and reduce the cost of funds.”