Kalekim Applied For An IPO

Kalekim applied for an IPO. The company applied to the CMB for public offering.

Kalekim, one of the Kale Group companies and the leading company of the Turkish construction chemicals industry, applied to the CMB (Capital Markets Board) for the approval of the prospectus within the scope of the public offering of the company shares. Kalekim General Manager Timur Karaoğlu made the following statement regarding the issue: “As Kalekim, we are one of the most important brands of Turkey that has opened to the global market in the fields we operate with our knowledge, experience of nearly half a century. With our strong distribution network, we bring consumers and professionals together in more than 80 countries. As a company that respects people and the environment and adds sustainable value to the society, we have always been trying to add value to our customers, society and everyone working with us with our quality, best and most innovative solutions since the day we were founded. Now, with our IPO application, we set out to share this value, which we have reached as a result of nearly 50 years of experience, with investors. By combining the leadership vision in our chemistry with the strength of our investors, we will work together for a bigger and stronger Kalekim both nationally and internationally.” Kalekim, which was established within Kale Group in 1973, started its activities with the production of ceramic adhesives and joint fillers. Kalekim, which has expanded its production range since then, produces all kinds of construction chemicals from thermal and water insulation products used in the construction industry to decorative plaster and paint, from floor solutions. Kalekim continues its production activities in 9 factories in 7 provinces of Turkey (Istanbul, Balıkesir, Yozgat, Isparta, Mersin, Erzurum and Mardin) and in Tirana, the capital city of Albania.