FOSTER Project Supports Gülsan Metal’s New Investment

Gülsan Metal operates in different areas of the aluminum sector from scrap trading to profile production and made its water tower investment in their new aluminum billet facility through the loan provided within the FOSTER Project Employment Committed SME Finance Support Programme. Yaşar Birgül, the Chairman of the Board of Directors of the company, states they preferred the loan due to its low interest rate / profit share and long-term maturity.

Yaşar Birgül started working in his father’s scrap trading business when he was 21 years old. He established Gülsan Metal with his brothers in 2000 and began selling imported aluminum and contract-made aluminum billets to the domestic market. During the pandemic, Gülsan Metal began producing aluminum profiles, and they now produce 320 tons of aluminum profiles per month, approximately 40% of which are exported. Birgül adds that they primarily manufacture curtain and furniture profiles.

They have also expanded their aluminum billet production to Bilecik, where they will produce billets using 800 tons of scrap and 400 tons of ingot aluminum per month, with the remainder being sold to the market.

“We installed a water tower which is crucial for our operations to cool down the aluminum billets through the loan we used within the FOSTER Project and purchased the raw materials.” He adds that they intend to manufacture solar energy panel frames in the future.