Kimpur's Shares Begin Trading on Borsa Istanbul

Kimpur Shares Begin Trading Kimpur, among the leading companies in the polyurethane sector, began trading its shares on Borsa İstanbul with a gong ceremony held on Thursday, 28 April. Kimpur went public under the leadership of Turkish Industrial Development Bank A.Ş. On Thursday, 28 April, the gong rang for Kimpur at Borsa İstanbul. With the gong, Kimpur's shares began trading under the code KMPUR. Kimpur's initial public offering was realized as the largest offering of 2022, with a 27.15 percent stake in the public offering.

Kimpur's Public Offering Completed With Ceremony at Borsa İstanbul

Kimpur, which ranks among Turkey's largest 500 industrial enterprises, completed its public offering with a gong ceremony. At the gong ceremony held at Borsa İstanbul, Borsa İstanbul A.Ş General Manager Korkmaz Ergun delivered opening remarks. The ceremony was attended by Kimpur Board Chair Leon Mizrahi, Kimpur Board Member İzi Mizrahi, Kimpur CEO Cavidan Karaca, Deputy General Manager Hakan Aygen of Turkish Industrial Development Bank, which led the consortium of 18 members mediating Kimpur's public offering, and Kimpur employees. With the completion of the gong ceremony, Kimpur's shares began trading under the code KMPUR. At the ceremony, Borsa İstanbul A.Ş General Manager Korkmaz Ergun delivered opening remarks: "We welcome you to our exchange for the public offering ceremony held today as Kimpur begins trading. The chemical sector is one of the important sectors that provides employment and foreign currency inflow to our country. Kimpur, operating in the chemical sector, exports to more than 45 countries, provides foreign currency inflow, and invests in R&D. We are pleased to see companies like Kimpur, which contribute to our economy, on our exchange."

"Welcome to Kimpur, to Our Exchange Family"

Ergun noted that they support companies beyond public offerings and stated: "In particular, we offer futures contracts to our companies engaged in export and import. Thanks to the 'Physical delivery dollar/TL futures contracts' we opened for trading last year, companies can manage exchange rate risk more easily. At the end of the term, foreign currency is physically delivered. We continue our efforts on financial products to facilitate our companies' operations." Ergun concluded his opening remarks with: "Kimpur conducted a successful public offering with sales totaling TRY 957 million. I would like to thank everyone who contributed to this successful process, all company employees, the intermediary institution, and I wish good fortune to our capital markets. Welcome to Kimpur, to our exchange family."

"We Will Continue as a Stronger Corporate Identity and Strong Brand"

Kimpur Board Chair Leon Mizrahi stated: "Following a very successful public offering process, today we are entering a new chapter in Kimpur's history filled with achievements. Since our foundation, our 100 percent domestically-owned brand's story will now continue as a stronger corporate identity and strong brand together with the public offering. I thank all our investors who showed interest in our shares and supported us during the demand collection process. I wish the public offering to be auspicious and prosperous for both Kimpur and our capital markets."

"We Will Continue Taking Larger Steps Through the Public Offering Process"

Kimpur CEO Cavidan Karaca also made a statement. Karaca said: "As Kimpur, a 100 percent domestically-owned polyurethane systems manufacturer, we are a company that values innovation-focused, corporate governance, and produces extraordinary solutions through our R&D center. With our competitive-advantage technologies, innovations, and strategies, we increased our production capacity by 98 percent over the last five years, raising it from 65,000 to 129,000 tons. During the same period, while increasing employment by 140 percent, our sales volume (in tons) grew by 208 percent and exports increased by 470 percent. Through the Facility-Wide Energy Savings project, which was part of our Lean Six Sigma projects launched as of 2020, we achieved energy savings approaching 12 percent annually. In line with customer expectations, through low thermal conductivity products addressed in our R&D Center, we contributed to increasing our customers' sales volumes while enabling end users to use energy more efficiently and economically. With our investments, we took important steps toward strengthening our presence in Turkey and Europe. Through this successful public offering process, we will continue taking larger steps. I wish the public offering to be auspicious and fortunate for both Kimpur and our capital markets."

"We Take Pride in Successfully Completing Kimpur's Public Offering With Broad Participation"

Hakan Aygen, Deputy General Manager of Turkish Industrial Development Bank, which mediated the public offering, stated in his remarks: "As Turkish Industrial Development Bank, we take pride in successfully completing the public offering of Kimpur, which we led, with broad participation. We thank the members of the consortium consisting of 18 institutions that supported us in this process and our investors. We believe that Kimpur's public offering process will inspire other companies wishing to go public on our exchange. We thank the Capital Markets Board and Borsa İstanbul for their guidance and support in the process."