Alarko Carrier stock faces restructuring after Gebze closure

Alarko Carrier plans to end production at its Gebze factory by February 28, 2027, after completing existing orders. Haberler reported the decision on November 6, citing the company announcement to Turkey's Public Disclosure Platform.

Gebze closure sets restructuring timetable

The planned shutdown affects production, research and development, and support functions at the Kocaeli site. Alarko Carrier plans to end the employment contracts of 119 employees on December 31, 2026, while the remaining 64 contracts are expected to end gradually by the close of February 2027.

The company expects severance and notice payments of approximately TRY 293 million. Other employee liabilities and facility closure expenses are still being calculated, with the final financial impact expected to be reflected in the relevant financial statements.

Carrier production leaves the site

The Gebze factory produces Carrier-brand air handling units, rooftop air conditioners and fan coil products. The reported restructuring follows an agreement between Alarko Holding and Carrier HVACR Investments B.V. Existing and accepted orders are to be completed and shipped in line with customer commitments.

The announcement also said that production at Gebze represents approximately 55 percent of total production costs, while sales of Carrier-brand products made there accounted for approximately 13 percent of 2025 net sales. Those figures indicate that the closure could materially change the company's operating mix, even as the company says continuity of operations is not expected to be negatively affected.

Alarko Carrier's operating footprint

Alarko Carrier's investor relations page says the company operates in heating, cooling and water pressurization in Turkey. Its listed products include panel radiators, air handling units, gas and oil burners and rooftop air-conditioning units.

The company exports to markets including the United Kingdom, Germany, Greece, the Netherlands, Russia, Azerbaijan, Romania, the United Arab Emirates, France, Italy, Spain, Australia, Belgium and Kazakhstan. Its Eski?ehir facility is expected to continue producing Alarko-brand products, while sales and after-sales services remain in operation.