Naksan Plastik to Continue Operations Under Kimpack

Naksan Plastik to Continue Operations Under Kimpack Naksan Plastik will continue its operations under Kimpack, a brand of ABY Ambalaj. In the public auction conducted by the Savings Deposits Insurance Fund (TMSF), ABY Plastik Ambalaj AŞ, based in Istanbul, became the new owner of Naksan Plastik by submitting the highest bid of TRY 1,476,180,000. According to the company statement, ABY Plastik Ambalaj, established by the Kimpaş Group with a capital of TRY 580 million to conduct operations in Gaziantep, acquired the Naksan Plastik Commercial Economic Entity, one of the sector's largest firms, and will continue its production, export and employment-focused growth under the Kimpack umbrella while contributing to the national economy. In acquiring Naksan Plastik, ABY Plastik Ambalaj also assumed liabilities comprising seniority and notice-related personnel rights of approximately 2,000 employees, totaling over TRY 125 million.

Production to continue uninterrupted

The company will also track orders received during the TMSF receivership period prior to the sale and deliver products that have begun manufacturing but remain incomplete to its customers as soon as possible. Naksan Plastik, which has annual packaging production exceeding 280,000 tonnes and began serving as a producer in the plastic packaging sector in 1979, will continue contributing to the national economy on 150,000 square meters of space following its integration into Kimpack. Naksan, positioned as a supplier to all industrial, agricultural and service sectors and operating one of the Middle East and Europe's largest facilities with annual packaging production exceeding 280,000 tonnes in industrial shrink film, stretch film, pallet covers, heavy-duty bags, greenhouse films, mulch films, home textile packaging, flexible packaging and all types of printed and unprinted bags and pouches, will continue its activities in the plastic packaging sector under the Kimpack brand.

Standing out with "social responsibility projects"

Lütfi Abay, who completed postgraduate education in Chemical Engineering at USC University in the United States, has continued his pioneering and innovative vision since his years working in petrochemistry and his role at MPAŞ, Turkey's first Masterbatch production facility. With the involvement of Lütfi Abay's sons in the process, the company's operational areas expanded to include powder polyethylene production and raw material trading. KİMPAŞ, one of Turkey's pioneering facilities in Masterbatch production, expanded its production capacity and strengthened its position by acquiring the Naksan Plastik Commercial Economic Entity under the Kimpack brand. Lütfi Abay, founder of Kimpaş AŞ who has devoted the last 16 years to education, is also known for the support he provides to students throughout Turkey and the school and dormitories he had constructed in his hometown of Sivas. The Lütfi Abay Culture and Education Foundation (LAKEV), which he established in 2013, continues to award scholarships annually to needy university students. Additionally, LAKEV supports scientific research conducted by faculty members at Sivas Cumhuriyet University and organizes the LAKEV Science Awards Ceremony each year.