Business · Companies · 7 hrs ago
Konya tire company gets two more months under temporary concordat
A court in Konya, Turkey, extended Küçüksönmez Otomotiv’s temporary concordat period by two months.
The company, founded in 1988, sells tires across Turkey and represents three tire brands in its region.
It had received an initial three-month temporary period in August as part of its concordat process.
The company sells in 80 provinces outside Konya and has annual sales of about 330,000 tires.
A concordat is a court-supervised process for a company facing financial difficulty, and it does not mean the company has been declared bankrupt.
The court’s protective measures remain in place, and its temporary concordat commissioner will continue in the role.
The legal process will continue, but the reports do not say what the court will decide next.
Konya 3rd Commercial Court has extended Küçüksönmez Otomotiv’s temporary concordat period by two months.
The extension is due to run from November 17, after the company’s initial three-month period.
The court also continued precautionary measures and the appointment of a temporary concordat commissioner.
The Konya-based company sells tires for three brands and has reported annual sales of about 330,000 tires.
- Who
- Küçüksönmez Otomotiv Oto Lastik Pazarlama Sanayi ve Ticaret Limited Şirketi.
- What
- A court extended the company’s temporary concordat period by two months.
- When
- The extension runs from November 17, 2026; the court’s interim decision was made at a hearing on October 23, 2026.
- Where
- Konya, Türkiye.
- Why
- Sözcü reported that the company was facing cash difficulties due to economic conditions. The other sources do not state a reason.
This story does not have two clearly opposing sides.
The company was granted an initial three-month temporary concordat period.
The court issued an interim decision at a hearing on the concordat case.
The two-month extension is set to begin, and the initial temporary period reaches its stated end date.
- Company
- Küçüksönmez Otomotiv Oto Lastik Pazarlama Sanayi ve Ticaret Limited Şirketi
- Court
- Konya 3rd Commercial Court
- Extension
- Two months from November 17, 2026
- Annual tire sales
- About 330,000
- Founded
- 1988
3 sources
What people are saying
the temporary concordat period is extended by two more months from 17.11.2026