As part of its international growth and localization strategy, Kalekim — one of the leading brands in the construction chemicals sector — has taken another significant step. Kalekim Lyksor, a 75%-owned subsidiary of Kalekim, has acquired a 51.8% stake in Morocco-based Lyksor Maroc.
A new production facility with an annual capacity of 25,000 tons is planned to be established under Lyksor Maroc, which is engaged in the production and sale of concrete and cement chemicals. This facility, with an investment of approximately €1 million, is scheduled to commence operations in the last quarter of 2025.
As a leading brand in the Turkish construction chemicals sector, Kalekim has undertaken a major investment aligned with its international expansion objectives. To strengthen its presence particularly in the North African market, Kalekim Lyksor Sanayi A.Ş., its affiliated partner, has acquired a 51.8% share in Morocco-based Lyksor Maroc Sarl.
Pursuant to a Board of Directors resolution dated July 22, 2025, Kalekim Lyksor made a cash payment of approximately TRY 696,689 in exchange for 518 shares. While the current capital of the company stands at MAD 300,000 (approx. TRY 1.3 million), it is planned to be increased to MAD 5,500,000 (approx. TRY 25 million). Kalekim Lyksor will participate in this capital increase, maintaining its 51.8% stake.
“We Aim to Begin Production in the Last Quarter of 2025”
Soner Çetinkaya, General Manager of Kalekim, stated that their investments continue with the vision of creating a stronger Kalekim both domestically and globally, and added:
“Together with our affiliated partner Kalekim Lyksor Kimya, we have become a stakeholder in Lyksor Maroc SA, a company based in Casablanca, Morocco. We see this step, aligned with our international investment strategy, as a part of Kalekim’s global growth vision. We plan to realize this investment with a capital of approximately €1 million. With a new facility that will have an annual production capacity of 25,000 tons, we aim to begin production in Morocco in the last quarter of 2025.”
“Our Goal Is to Strengthen Our Presence in the North African Market”
Bimen Kadiroğlu, General Manager of Kalekim Lyksor, emphasized the strategic significance of the investment for their regional operations and stated:
“This investment in Morocco is of great importance for our future goals. Lyksor Maroc, which produces and sells concrete and cement chemicals, is expected to enhance Kalekim’s presence in the region and contribute to our revenue and profitability in the medium to long term. Through this investment, we also aim to strengthen our presence in the North African market and increase our operational efficiency by developing local production capabilities in strategic markets.”
