What Assan Panel does

Assan Panel (Assan Panel A.Ş.) is a Turkish manufacturer of insulated sandwich panels for building envelope, cold storage, and industrial construction applications. Founded in 1990 and headquartered in Tuzla, Istanbul, the company is a wholly-owned subsidiary of Kibar Holding, a diversified Turkish conglomerate. Operations are coordinated from the Tuzla facility, with a newer production site established in the United Kingdom (AssanPanel UK, operational in 2024). The company produces panels with polyurethane (PUR/PIR) and mineral wool cores across roof, facade, and cold-room configurations, alongside proprietary sub-brands BioCore and SmartCore (insulation technologies), Solar Kepli Panel (integrated solar mounting), Optipanel ECOnomy (value-tier sustainability line), and complementary products (polycarbonate sheets, trapezoidal sheets, fasteners, sealants, insulation materials).

The company's business model is B2B industrial sales: panels are sold through an authorized dealer network (Yetkili Bayiler) within Turkey and internationally, with direct enterprise engagement via the corporate website, product inquiry forms, and dedicated UK operations. Solution bundles — AFG Steel Structures, rooftop solar power plants, modular buildings, quick-installation healthcare facilities, and cold-chain solutions — extend the offering beyond individual panels into project delivery. Revenue is generated primarily from hardware sales, with professional installation/application services bundled through dealers. Reported certifications include ISO 9001, ISCC Plus (the first sandwich-panel manufacturer in Turkey to receive it), TURQUALITY Main Program membership, and UN Global Compact alignment via Kibar Holding.

The company employs 251–500 people, is listed in Istanbul Chamber of Industry's Turkey's Top 500 Industrial Enterprises, and was the first panel-sector brand admitted to the TURQUALITY program (2019). Customer-facing channels include a six-language website (Turkish, English, Arabic, Azerbaijani, French, Russian), product inquiry forms, a BIM visualization library, and a customer-care hotline. Markets served explicitly include Turkey, the United Kingdom, and Jordan, with broader international dealer coverage in the Middle East.

Name

Assan Panel

Legal name

Assan Panel A.Ş.

Website

https://assanpanel.com.tr

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Assan Panel is a Turkish sandwich panel manufacturer producing PUR, PIR, and mineral wool insulated panels for roofing, facades, and cold storage, serving industrial construction, cold chain, healthcare, and modular building customers globally via dealer and direct enterprise sales.

Ownership category

akta.pro rank

Product category

Insulated Sandwich Panels and Building Envelope Solutions

akta.pro primary industry

Structural Insulated Panels (SIP) & Foam-Core Composite Panel Manufacturing (IMANAIAK)

Keywords

• Sandwich panel manufacturing
• Insulated building panels
• Cold storage panels
• Roof and facade panels
• Building envelope solutions

Headquarters

HQ city

Assen

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Sandwich Panel Sales: Manufacturing and sale of polyurethane, PIR, and mineral wool insulated sandwich panels for roofing, facade, and cold storage applications. Primary revenue stream from standard and custom panel products.
2. Complete Building Solutions: Total solution offerings including steel structures (AFG Çelik Yapı), modular buildings, rapid installation health facilities, cold chain solutions, and rooftop solar energy systems.
3. Complementary Products: Sale of accessories including polycarbonate sheets, fasteners/screws, sealants, filling products, trapezoidal sheets, and insulation group products.
4. Professional Services: Application services provided through authorized dealers offering high-quality implementation alongside product sales.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Assan Panel manufactures and sells insulated sandwich panels with polyurethane (PUR/PIR), mineral wool, and polycarbonate cores for roofing, facades, and cold storage applications. The company also delivers integrated building solutions including AFG steel structures, modular buildings, rapid-installation healthcare facilities, rooftop solar energy systems, and complete cold chain solutions. Products are sold through authorized dealer networks in Turkey and internationally, with a dedicated AssanPanel UK subsidiary serving European customers.

Product overview

Assan Panel is a building materials manufacturer offering a comprehensive portfolio of sandwich panels and construction solutions. The core product line consists of sandwich panels with PIR (polyurethane) and stone wool cores providing thermal insulation and fire resistance, including specialized sub-brands BioCore (next-generation eco-friendly insulation technology) and SmartCore (integrated design for energy-efficient buildings). The product range encompasses roof panels, facade panels, and cold storage panels for various industrial and commercial applications, complemented by trapezoidal sheets, polycarbonate daylighting sheets, insulation materials, and complementary products (fasteners, sealants, accessories). Beyond individual products, the company provides integrated solutions including AFG Steel Structures, rooftop solar energy systems, modular buildings, rapid-installation healthcare facilities, and cold chain solutions. The portfolio is unified around high-performance thermal insulation and sustainable building envelope solutions.

Differentiator

Problem solved

Functional benefit

Brands

• BioCore: Next-generation insulation technology sandwich panel
• SmartCore
• Optipanel
• WDW
• Solar Kepli Panel

Products and services

• Sandwich Panels (Sandviç Paneller) Polyurethane-filled sandwich panels with PIR and stone wool cores providing thermal insulation and fire resistance, available for roofing, facade, and cold storage applications. Targeted at industrial construction, cold storage, and building envelope projects.
• BioCore Next-generation environmentally friendly insulation technology sandwich panel developed through innovation, representing sustainable manufacturing practices for construction projects.
• SmartCore Insulated panels with integrated design approach enabling construction of high-performance buildings with lower energy consumption and reduced carbon dioxide emissions throughout their lifecycle.
• Roof Panels (Çatı Panelleri) Sandwich panels designed for roofing applications with high thermal insulation properties and fire resistance ratings, including models achieving REI 180 rating.
• Facade Panels (Cephe Panelleri) Sandwich panels for exterior wall applications providing thermal insulation and aesthetic facade solutions, including WDW wide-span variant for reduced construction costs.
• Cold Storage Panels (Soğuk Oda Panelleri) Hygiene-focused sandwich panels that reduce toxic mold and bacteria formation risk while providing advanced thermal performance for cold storage applications in food processing, pharmaceutical, and healthcare facilities.
• Solar Kepli Panel Specialized roof panel with integrated solar mounting system using proprietary clamp technology allowing direct solar panel installation without penetrating the sandwich panel surface, offering up to 20-year warranty.
• Optipanel | ECOnomy Sustainable sandwich panel product line offering environmentally friendly construction solutions at competitive pricing for roofing and facade applications, marketed under the Optipanel sub-brand with its own website.
• Trapezoidal Sheets (Trapezler) Single-layer trapezoidal sheets produced in various thicknesses and forms based on purpose and different purlin spacing requirements for functional construction designs.
• Polycarbonate Sheets (Polikarbonat Levha) Polycarbonate roof and wall daylighting solutions with superior UV resistance, long-term light transmission performance, and thermal-structural performance.
• Insulation Group (Yalıtım Grubu) Insulation materials for industrial facilities where approximately 80% of energy is consumed for heating and cooling needs, maximizing energy efficiency.
• Complementary Products (Tamamlayıcı Ürünler) Complete product range including project-specific accessories, polycarbonate skylights, fasteners such as various screws, sealants, and filling products for construction chemicals.
• AFG Steel Structure (AFG Çelik Yapı) Comprehensive steel structure solutions providing high-level knowledge, flexibility, and experience for planning and implementation responsibilities in construction projects.
• Roof Solar Power Plants (Çatı Güneş Enerjisi Santralleri) Solar energy solutions for rooftops using Solar Kepli Panel system with special clamp system enabling direct solar panel mounting without penetrating panel surface, supporting up to 20-year warranty.
• Modular Buildings (Modüler Binalar) Modular building solutions enabling construction in desired locations with desired specifications for residential, commercial, and prefabricated building applications.
• Quick-Installation Health Facilities (Hızlı Kurulum Sağlık Tesisleri) Rapid installation healthcare facilities that can be installed by a 10-15 person team within 30 days, with a forklift sufficient for unloading and installation of 88-bed facilities.
• Cold Chain Solutions (Soğuk Zincir Çözümleri) Total solutions for hygienic and safe storage of vaccines, blood, medicine, frozen foods, fruits, vegetables, meat, and seafood products throughout the cold chain.

Quantifiable outcome

• 80% of energy in industrial facilities is consumed for heating and cooling needs - efficient insulation directly addresses this consumption
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Kibar HoldingcoreOthersParent company under whose umbrella Assan Panel operates. Assan Panel's sustainability approach is shaped within the framework of the United Nations Global Compact, to which Kibar Holding is a signatory.
• AFG Çelik YapıcoreStrategic or Co-development PartnerIntegrated steel structure solution provider within Assan Panel's total solutions portfolio. Assan Panel provides high-level knowledge, flexibility, and experience in planning and implementation responsibilities.
• United Nations Global CompactcoreStrategic or Co-development PartnerAssan Panel operates under Kibar Holding which is a signatory to the UN Global Compact, shaping sustainability initiatives including environmental, social, and economic dimensions.
• AssanPanel UKflagshipChannel Partner/ Reseller/ DistributorDedicated UK subsidiary established as part of European growth strategy. New UK production facility represents a milestone in European market expansion.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Voestalpine: Austrian steel major with a construction products division offering insulated panels, steel sections, and building solutions. Voestalpine is a broader incumbent serving industrial construction from raw steel through finished envelope components, competing with Assan Panel primarily in large European projects.
• ArcelorMittal: World's largest steel producer with construction-facing businesses including insulated panels and building envelope systems. ArcelorMittal is a broad incumbent that competes with Assan Panel at the upstream steel-coating level and through downstream panel offerings across global markets.

Direct peers

• Trimo: Slovenia-based manufacturer of sandwich panels, facades, and modular building solutions with strong European and Middle Eastern distribution. Trimo's combined panel + modular offering closely aligns with Assan Panel's total-solutions positioning.
• Kingspan Group: Ireland-based global leader in insulated panels and building envelope systems with extensive PUR/PIR and mineral wool sandwich panel offerings. Kingspan is the most directly comparable peer and the primary competitive benchmark for Assan Panel's core product line, with overlapping end-markets in industrial roofing, facades, and cold storage.
• Tata BlueScope Steel: India-based insulated panel and pre-engineered building manufacturer (Tata Steel + BlueScope Steel joint venture). Competes with Assan Panel in Asian and Middle Eastern markets with comparable PUR and mineral wool sandwich panel lines targeting industrial construction.
• Isopan (Manni Group): Italian manufacturer of PUR, PIR, and mineral wool sandwich panels for roofing, walls, and cold storage under the Manni Group. Isopan competes head-to-head with Assan Panel across Mediterranean and broader European markets in the same product categories.
• Ruukki (SSAB): Nordic-based manufacturer of building envelope products including insulated sandwich panels for roofing and facades, owned by SSAB. Ruukki overlaps with Assan Panel in European industrial roofing and facade markets and is a key reference point for spec-driven panel sales.
• Metecno: Italy-headquartered global sandwich panel manufacturer with PUR/PIR and mineral wool product lines serving industrial, commercial, and cold storage applications. Metecno's product portfolio and geographic distribution closely mirror Assan Panel's positioning as a multi-market insulated panel specialist.

Regional players

• Safal Group: Africa and India-focused steel building products group (Safal Steel, Safintra) producing coated steel, sandwich panels, and pre-engineered buildings. Safal is a regional peer competing with Assan Panel in African and select Middle Eastern markets rather than in Turkey or Europe.
• DANA Steel (Dana Group): UAE-based manufacturer of steel products and insulated sandwich panels serving the Middle East construction market. DANA is a regional competitor in geographies where Assan Panel exports (Jordan, broader GCC) rather than in Turkey or Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/assanpanel1
• Facebookfacebook.com/assan-panel-176237205745409
• LinkedInlinkedin.com/company/kibar-holding-assan-panel

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Assan Panel