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KT&G Doubles Down on Turkey With Plant Expansion Push

The company aims to produce 12 billion cigarettes annually at its expanded facility
South Korea
k 033780.KO Mid and Small Cap 2000
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South Korean tobacco giant KT&G expanded its manufacturing plant in Turkey, boosting production capacity as part of its overseas growth strategy.

The company added two production lines at its facility in Tire, Turkey, increasing the total floor space by 50% to 25,000 square meters. The expanded plant can now produce up to 12 billion cigarettes annually, KT&G said at an opening ceremony attended by local officials and company executives.

The Turkish facility, established in 2008 as KT&G’s first overseas plant, serves as an export hub for North African and Latin American markets. The expansion follows the company’s strategy announced last year to increase international sales to more than 50% of total revenue by 2027.

KT&G is also building plants in Indonesia and Kazakhstan as it seeks to manage its entire value chain abroad. The company is diversifying beyond traditional tobacco products into e-cigarettes and health supplements.

The manufacturer’s President Bang Kyung-man said the Turkish plant will lead the company’s global expansion plans. KT&G didn’t disclose the investment amount for the expansion project.

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