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KT&G Accelerates Global Manufacturing through Türkiye Factory Expansion

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KT&G (KRX: 033780) celebrated the expansion of its Türkiye factory with a $60 million investment, installing two new high-tech manufacturing facilities. The expanded facility, now 25,000 square meters, features four cigarette-making machines with an annual capacity of 12 billion sticks. The expansion created 60 new jobs, bringing total employment to over 200 people.

The Türkiye factory, KT&G's first overseas facility established in 2008, will serve as a core manufacturing hub for exports to Northern African and Latin American markets. This expansion is part of KT&G's strategy to become a 'Global Top-tier' company, focusing on Next Generation Products, overseas cigarettes, and health functional foods. The company aims to increase its global revenue proportion to 50% by 2027.

KT&G's total investment in Türkiye now reaches $110 million, with additional factories under construction in Indonesia and Kazakhstan. The company operates through six global corporations and various branches worldwide.

KT&G (KRX: 033780) ha celebrato l'espansione della sua fabbrica in Turchia con un investimento di 60 milioni di dollari, installando due nuove strutture di produzione ad alta tecnologia. La struttura ampliata, ora di 25.000 metri quadrati, è dotata di quattro macchine per la produzione di sigarette con una capacità annua di 12 miliardi di pezzi. L'espansione ha creato 60 nuovi posti di lavoro, portando l'occupazione totale a oltre 200 persone.

La fabbrica in Turchia, il primo stabilimento internazionale di KT&G inaugurato nel 2008, fungerà da hub di produzione principale per le esportazioni verso i mercati dell'Africa settentrionale e dell'America Latina. Questa espansione fa parte della strategia di KT&G per diventare un'azienda 'Global Top-tier', focalizzandosi su Prodotti di Nuova Generazione, sigarette per l'estero e alimenti funzionali per la salute. L'obiettivo dell'azienda è aumentare la proporzione delle entrate globali al 50% entro il 2027.

Il totale degli investimenti di KT&G in Turchia ora raggiunge 110 milioni di dollari, con ulteriori fabbriche in costruzione in Indonesia e Kazakistan. L'azienda opera attraverso sei corporation globali e varie filiali in tutto il mondo.

KT&G (KRX: 033780) celebró la expansión de su fábrica en Turquía con una inversión de 60 millones de dólares, instalando dos nuevas instalaciones de fabricación de alta tecnología. La instalación ampliada, ahora de 25,000 metros cuadrados, cuenta con cuatro máquinas para la producción de cigarrillos con una capacidad anual de 12 mil millones de unidades. La expansión creó 60 nuevos empleos, elevando el total de empleos a más de 200 personas.

La fábrica en Turquía, la primera instalación internacional de KT&G establecida en 2008, servirá como un núcleo de producción para las exportaciones a los mercados de África del Norte y América Latina. Esta expansión es parte de la estrategia de KT&G para convertirse en una empresa de 'Clase Mundial', enfocándose en Productos de Nueva Generación, cigarrillos para el extranjero y alimentos funcionales para la salud. La empresa tiene como objetivo aumentar la proporción de sus ingresos globales al 50% para 2027.

La inversión total de KT&G en Turquía ahora alcanza los 110 millones de dólares, con fábricas adicionales en construcción en Indonesia y Kazajistán. La empresa opera a través de seis corporaciones globales y diversas sucursales en todo el mundo.

KT&G (KRX: 033780)는 6000만 달러의 투자를 통해 터키 공장의 확장을 기념하며, 두 개의 새로운 하이테크 제조 시설을 설치했습니다. 이제 25,000 제곱미터 규모로 확장된 이 시설은 연간 120억 개의 담배를 생산할 수 있는 네 대의 담배 제조 기계를 갖추고 있습니다. 이번 확장으로 60개의 새로운 일자리가 창출되어 전체 고용 인원이 200명 이상이 되었습니다.

터키 공장은 2008년에 설립된 KT&G의 첫 해외 시설로, 북아프리카와 라틴 아메리카 시장으로의 수출을 위한 핵심 제조 허브로 기능합니다. 이번 확장은 KT&G가 '글로벌 톱티어' 기업이 되기 위한 전략의 일환으로, 차세대 제품, 해외 담배 및 건강 기능성 식품에 집중하고 있습니다. 회사는 2027년까지 글로벌 수익 비중을 50%로 늘리는 것을 목표로 하고 있습니다.

KT&G의 터키에 대한 총 투자는 이제 1억 1000만 달러에 달하며, 인도네시아와 카자흐스탄에서도 추가 공장이 건설 중입니다. 이 회사는 전 세계적으로 6개의 글로벌 법인과 다양한 지사를 통해 운영되고 있습니다.

KT&G (KRX: 033780) a célébré l'expansion de sa usine en Turquie avec un investissement de 60 millions de dollars, en installant deux nouvelles installations de fabrication de haute technologie. L'installation agrandie, maintenant de 25 000 mètres carrés, dispose de quatre machines à fabriquer des cigarettes avec une capacité annuelle de 12 milliards de bâtonnets. L'expansion a créé 60 nouveaux emplois, portant le total des employés à plus de 200 personnes.

L'usine en Turquie, le premier site international de KT&G créé en 2008, servira de pôle de fabrication central pour les exportations vers les marchés d'Afrique du Nord et d'Amérique Latine. Cette expansion s'inscrit dans la stratégie de KT&G visant à devenir une entreprise de 'classe mondiale', en se concentrant sur les Produits de Nouvelle Génération, les cigarettes à l'étranger et les aliments fonctionnels pour la santé. L'entreprise vise à augmenter la part de ses revenus mondiaux à 50 % d'ici 2027.

Le montant total de l'investissement de KT&G en Turquie atteint désormais 110 millions de dollars, avec d'autres usines en construction en Indonésie et au Kazakhstan. L'entreprise opère à travers six sociétés globales et diverses succursales dans le monde entier.

KT&G (KRX: 033780) feierte die Erweiterung seiner Fabrik in der Türkei mit einer Investition von 60 Millionen Dollar und installierte zwei neue hochmoderne Fertigungsstätten. Die erweiterte Einrichtung, die jetzt 25.000 Quadratmeter groß ist, verfügt über vier Zigarettenherstellungsmaschinen mit einer jährlichen Kapazität von 12 Milliarden Zigaretten. Durch die Erweiterung wurden 60 neue Arbeitsplätze geschaffen, was die gesamte Beschäftigung auf über 200 Personen erhöht.

Die Fabrik in der Türkei, KT&Gs erste Auslandsanlage, die 2008 eröffnet wurde, wird als zentrales Produktionszentrum für Exporte in nordafrikanische und lateinamerikanische Märkte dienen. Diese Erweiterung ist Teil von KT&Gs Strategie, ein 'Global Top-tier' Unternehmen zu werden, das sich auf Next Generation Products, Zigaretten für den Export und gesundheitsfördernde Lebensmittel konzentriert. Das Unternehmen hat das Ziel, den Anteil seines globalen Umsatzes bis 2027 auf 50% zu erhöhen.

Die Gesamtinvestition von KT&G in der Türkei beläuft sich nun auf 110 Millionen Dollar, während weitere Fabriken in Indonesien und Kasachstan im Bau sind. Das Unternehmen operiert über sechs globale Tochtergesellschaften und verschiedene Niederlassungen weltweit.

Positive
  • Increased production capacity to 12 billion cigarette sticks annually
  • $60 million investment in new high-tech manufacturing facilities
  • Factory expansion creates 60 new jobs
  • Strategic positioning for North African and Latin American market expansion
  • Clear growth target of 50% global revenue by 2027
Negative
  • None.

- Expedites exports to North Africa, Latin America, and other locations by instating basis for global business

SEOUL, South Korea, Jan. 19, 2025 /PRNewswire/ -- On the 16th, KT&G Corporation ("KT&G") (KRX: 033780) hosted a ceremony celebrating the Türkiye factory expansion. The expansion is part of KT&G's efforts to leap to a "Global Top-tier" and to strengthen its global operations.

On the 16th, KT&G celebrated the expansion of its Turkiye factory to fulfill its goal to leap to a 'Global Top-tier' and to expand its global operations. Photo shows major participants of the ceremony held in including KT&G  CEO Kyung-man Bang (fourth from right), Tire District Governor Vural Karagul (third from right), and Korean ambassador to Turkiye Yeon-doo Jeong (fourth from left)

Around 50 major participants, including KT&G's CEO Kyung-man Bang, Tire District Governor Vural Karagül, the Korean ambassador to Türkiye Yeon-doo Jeong, Tire Mayor Hayati Okuroğlu, and President of Department of Tobacco and Alcohol Uğur Yalçın attended the factory's ceremony held in Tire, Izmir. 

KT&G invested more than $60 million to install two new high-tech manufacturing facilities. The factory was expanded by 1.5 times and now has a total area of 25,000 square meters. After the expansion, the Türkiye factory has a total of four cigarette making machines with a capacity to produce 12 billion sticks of cigarettes annually. After this investment, KT&G's total investment adds up to $110 million. The expansion created 60 new jobs, and a total exceeding 200 people will be employed by the Türkiye factory.

The Türkiye factory will become KT&G's outpost and core manufacturing facility to meet export demands to the Northern African and Latin American markets that are showing steady growth.

In 2008, KT&G established its first overseas factory, the Türkiye factory. KT&G has since continued to fortify its global operations; currently KT&G is building factories in Indonesia and Kazakhstan, and the Kazakhstan factory construction will be completed within the year. KT&G plans to use its global manufacturing basis to create a completely local value chain that oversees everything from manufacturing to operations and distribution, increasing its profitability.

The Türkiye factory expansion comes as part of the growth investment KT&G has announced during the "Future Vision Declaration Ceremony" in January of 2023. During the ceremony KT&G presented its mid to long-term vision of becoming a 'Global Top-tier' as well as its growth strategy of focusing on the three core businesses—NGP (Next Generation Products), overseas cigarettes, and health functional foods. KT&G plans to increase the proportion of its global revenue to 50% by 2027.

Kyung-man Bang, CEO of the KT&G, stated that "the factory expansion has made the Türkiye factory a global hub that will tow the growth of KT&G's global business and an outpost for a leap to a 'Global Top-tier', our group's vision for the future" and that "KT&G will continue to reinforce its competitive capabilities by investing in the three core businesses and through its readiness for the future".

Tire District Governor Vural Karagül thanked KT&G for its investments during his congratulatory speech, going on to say that "the KT&G factory will contribute to the local economy while facilitating the sustainable growth of Tire with its environmentally-friendly manufacturing operations."

KT&G has six global corporations in various locations like Uzbekistan, Türkiye, Indonesia, and Taiwan, and branches in Mongolia, Europe, and China to continuously grow its global business. KT&G is well known for its brand ESSE and BOHEM.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ktg-accelerates-global-manufacturing-through-turkiye-factory-expansion-302354868.html

SOURCE KT&G Corporation

FAQ

What is KT&G's (KTCIY) production capacity after the Türkiye factory expansion?

After the expansion, KT&G's Türkiye factory has four cigarette making machines with a capacity to produce 12 billion sticks of cigarettes annually.

How much did KT&G invest in the Türkiye factory expansion?

KT&G invested more than $60 million in the Türkiye factory expansion, bringing their total investment in Türkiye to $110 million.

What is KT&G's global revenue target for 2027?

KT&G plans to increase the proportion of its global revenue to 50% by 2027.

How many new jobs were created by KT&G's Türkiye factory expansion?

The factory expansion created 60 new jobs, bringing the total employment at the Türkiye factory to over 200 people.

What markets will KT&G's expanded Türkiye factory serve?

The Türkiye factory will serve as an outpost for export demands to the Northern African and Latin American markets.

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