SER Mekatronik, a prominent player in the Turkish textile machinery sector, has gone bankrupt after failing to overcome a severe financial bottleneck. Headquartered in Çorlu, Tekirdağ, the company was initially granted a temporary grace period in September 2025, followed by a one-year definitive grace period effective November 23, 2025. The hearing originally scheduled for November 2026 was brought forward following the fifth interim report submitted by the concordat commissioner committee on October 12, 2026.
The Tekirdağ Civil Court of First Instance rejected the concordat requests filed by the company’s founding partners, Hakan Çakar and Necati Arslan, and ruled for the bankruptcy of SER Mekatronik Sanayi ve Limited Şirketi as of October 20, 2026. The parties reserve the right to appeal the court’s decision to the Tekirdağ Regional Court of Justice within two weeks. It was announced that processes regarding employee compensation and receivables will be managed under the coordination of the Bankruptcy Office. This ruling officially marks the beginning of the legal liquidation process for the 18-year-old established firm.
Reaching a vast market through textile finishing technologies
Standing out with its solutions tailored to the finishing segment—an area where the Turkish textile machinery sector holds significant strength—SER Mekatronik’s product portfolio includes textile finishing machinery, raising machines, stenters, shearing machines, brushing machines, diamond emerising machines, compacting machines, and related services. The company’s prominent export markets feature the USA, Brazil, Mexico, Argentina, Peru, Honduras, Poland, Bulgaria, Belarus, Russia, Egypt, Morocco, Bangladesh, Uzbekistan, Pakistan, India, Vietnam, South Korea, and Indonesia.
Expectations of global growth yield to bankruptcy
Reflecting on the company’s trajectory last year, General Manager Uğur Küçükzeyrek noted that 2024 had been stagnant due to economic uncertainties, stating that while they aimed to maintain their position in the domestic market through 2025, their primary focus was export-driven growth. During this period, the company also laid the foundation for a 14,500-square-meter facility in the Velimeşe Organized Industrial Zone in August 2025 to consolidate its production under a single roof.
However, the financial burden of the new investment combined with unfavorable market conditions ultimately turned the tide against SER Mekatronik. The bankruptcy of this growth-oriented firm has been recorded as a significant loss for the Turkish textile industry.