Turkish Finishing Machine Maker SER Mekatronik Declared Bankrupt

Tekirdağ Commercial Court declared SER Mekatronik Sanayi ve Limited Şirketi bankrupt on 20 October 2026, ending the Turkish textile finishing machinery maker's 13-month restructuring effort. The ruling came days after the concordatus commissioners' fifth interim report, dated 12 October 2026, pushed the expected hearing forward from November 2026.

The company, based in Çorlu, Tekirdağ, first received a provisional concordatus stay in September 2025. The court then granted a definitive one-year stay effective 23 November 2025. That window closed without a rescue: the court rejected the concordatus petitions filed by founding partners Hakan Çakar and Necati Arslan and ruled for bankruptcy instead.

What happens to the company now?

The parties have two weeks from the ruling to appeal at the Tekirdağ Regional Court of Justice. Regardless of the appeal, the legal liquidation process has formally started for the 18-year-old firm, Textilegence reported. Employee severance and receivables claims will run through the Bankruptcy Office, which coordinates the process.

What did SER Mekatronik supply?

The company built machines for the textile finishing segment, one of Turkey's strongest machinery categories. Its portfolio covered:

• Textile finishing machines
• Raising (şardon) machines
• Stenter frames (ram)
• Fabric shearing machines
• Brushing machines
• Diamond emerising machines
• Sanfor compacting machines
• Related services

Its export footprint spanned nineteen markets, including the United States, Brazil, Mexico, Argentina, Peru, Honduras, Poland, Bulgaria, Belarus, Russia, Egypt, Morocco, Bangladesh, Uzbekistan, Pakistan, India, Vietnam, South Korea and Indonesia. That list maps directly onto Turkish fabric producers' own export corridors, meaning mills on three continents now need alternative suppliers for spare parts and service on installed SER lines.

How did an exporter with growth plans reach bankruptcy?

General Manager Uğur Küçükzeyrek said last year that economic uncertainty made 2024 a flat year, and that the company aimed to hold its domestic position in 2025 while growing exports. In August 2025, still inside the provisional concordatus period, the company broke ground on a 14,500 m² plant at Velimeşe Organised Industrial Zone to consolidate production under one roof.

The math did not work. The debt load from the new investment combined with market conditions that failed to materialise reversed the company's trajectory, according to Textilegence. A firm that had targeted export growth entered bankruptcy instead, a loss the report describes as significant for the Turkish textile industry.

What does this force on sourcing teams?

For mills running SER finishing lines — raising, shearing, emerising or sanfor equipment — the immediate task is to secure parts, tooling and technical support before liquidation assets change hands. Procurement teams evaluating Turkish machinery suppliers should also note the pattern: an exporter with a broad market footprint and a fresh capacity investment still failed within fourteen months of its first concordatus filing. Counterparty risk checks on mid-sized machinery vendors now belong in every finishing-line capex decision.