Kümaş Identifies Operational Efficiencies to Achieve Growth
In January 2012 one of Turkey’s largest holding companies, Yıldız Holding, decided to acquire Kümaş Manyezit Sanayi A.Ş. – Turkey’s leading producer and supplier of refractory products for steel, cement, glass, lime, non-ferrous and other industries. Operating from mines in Eskisehir, Bilecik and Kütahya, Kümaş is the largest producer of DBM, fused magnesite, refractory bricks and mortars in Turkey. It also holds the majority of national ore reserves. With revenues of US$132MM in 2012, Kümaş is nonetheless a relatively small company operating with around 1000 employees and a few hundred contractors. Its market position is largely due to the quality of its product.
View the full Kümaş case study here >>