Kalekim's Lyksor Makes Strategic Investment in Morocco

Kalekim, a leading brand in the building chemicals sector, has taken another significant step in line with its international growth and localization strategy. Kalekim Lyksor, a 75% subsidiary of Kalekim, has become a 51.8% partner in Lyksor Maroc, a company based in Casablanca, Morocco.

The company, which manufactures and sells concrete and cement chemicals, will establish a production facility with a capacity of 25,000 tonnes through an investment of approximately EUR 1 million within Lyksor Maroc, with production targeted to commence in the final quarter of 2025.

Kalekim, the leading brand in Turkey's building chemicals sector, has made a significant investment in line with its international objectives. Through its subsidiary Kalekim Lyksor Sanayi A.Ş., the company has become a 51.8% partner in Lyksor Maroc Sarl, based in Casablanca, Morocco, specifically to strengthen its presence in the North African market.

Under the transaction carried out in accordance with a Board decision dated 22 July 2025, a cash payment of approximately TRY 696,689 was made in exchange for 518 shares. While the company's total capital, which is currently 300,000 Moroccan Dirhams (approximately TRY 1.3 million), is planned to be increased to 5,500,000 Moroccan Dirhams (approximately TRY 25 million), Kalekim Lyksor will participate in this capital increase and maintain its 51.8% stake.

"We aim to begin production in the final quarter of 2025"
Soner Çetinkaya, General Manager of Kalekim, stated that they will continue investments with the goal of creating a stronger Kalekim both domestically and internationally, saying:

"As Kalekim, through our subsidiary Kalekim Lyksor Kimya, we have become a partner in Lyksor Maroc SA, a company established in Casablanca, Morocco. We regard this step, taken in line with our foreign investment strategy, as part of Kalekim's global growth vision. We plan to implement this investment with approximately EUR 1 million in capital. With this new facility, which will have a production capacity of 25,000 tonnes, we aim to begin production in Morocco in the final quarter of 2025."

"We attach great importance to our Morocco investment for our future goals"
Bimen Kadiroğlu, General Manager of Kalekim Lyksor, emphasized that the investment will make a significant contribution to their regional activities, stating:

"We attach great importance to this investment we are undertaking in Morocco for our future goals. We expect Lyksor Maroc, which manufactures and sells concrete and cement chemicals, to both strengthen Kalekim's presence in the region and contribute to our revenue and profitability in the medium to long term. With this investment, we also aim to strengthen our presence in the North African market and increase our operational efficiency by developing our local production capabilities in strategic markets."