# Altek Metal receives EUR 18M investment for aluminum recycling casthouse

Altek Metal received an 18 million euro joint investment from EBRD and Garanti BBVA to build a new aluminum recycling casthouse with 50,000 ton per year capacity in Çerkezköy, Turkey. First products expected in January 2023.

- Type: Investment
- Announced: 2022-03-03
- Where: Çerkezköy, Turkey, Türkiye
- Value: $19.8M (18.0M EUR)
- Starts operating: Jan 2023
- Status: announced
- Capacity: 50,000 ton per year
- Products: secondary aluminum slab, billet, aluminum cast plate
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Altek Metal](https://endata.com/companies/61321.md)
- [European Bank for Reconstruction and Development](https://endata.com/companies/20727.md) (investor)
- [Garanti BBVA](https://endata.com/companies/61322.md) (investor)

## Sources

- [lightmetalage.com](https://www.lightmetalage.com/news/industry-news/recycling-remelt/turkish-company-altek-metal-receives-investment-to-build-aluminum-recycling-casthouse/), 2022-03-04: "We are proud to receive this investment from EBRD to help us create a sustainable casthouse that will produce aerospace quality (AMS) standard aluminum products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.