YC INOX TR Celik Sanayi ve Ticaret A.S. announced that it expects to receive TRY 900 million in funding from YC Inox Co.,Ltd
May 04, 2023
Share
YC INOX TR Celik Sanayi ve Ticaret A.S. announced that it will receive TRY 900,000,000 in an equity round of funding on May 5, 2023. The transaction will include participation from existing investor, YC Inox Co.,Ltd to retain its 100% stake in the company. The transaction has been approved by the board of directors of YC Inox Co.,Ltd.
YC Inox Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and distribution of stainless steel products. The Companyâs primary products include stainless steel industrial pipes, stainless steel structure pipes, stainless steel thin plates, stainless steel thick plates, stainless steel angle products, stainless steel flat-rolled products and stainless steel channel section products. Its products are mainly applied in chemical, construction, food, environment protection, as well as fire fighting and telecommunication industries. The Company mainly distributes its products within domestic market and to overseas markets.