Top 10 Biggest Turkish Companies
The Turkish economy is on a solid growth path, evidenced by the largest companies in the country, which are seeing their market value rise year after year. ... read more...This article will look at the biggest Turkish companies. We will provide an overview of the size of these companies and what makes them so successful in the Turkish market.
-
SASA is one of the biggest producers of polyester, polyester-based polymers, specialty polymers, and intermediates in the world. SASA is able to handle the whole process, from design to manufacturing to distribution, because it is the leader in its field, has a strong technical background, and has a culture of innovation. It also has a high production capacity.
Since its founding in 1966, when it first started making polyester, SASA has kept its fast growth rate going by making investments every year. In 2000, SASA teamed up with the world's largest chemistry company, DuPont, to stay at the top of the polyester business and make its position even stronger. As a result, the company became known as "DupontSA."
When Sabanc Holding bought Dupont shares in 2004, the company's name was changed to ADVANSA. In 2005, the company for the group in Turkey changed its name to ADVANSA SASA Polyester Sanayi A.Ş.. In 2011, Sabanc Holding bought all of the shares of ADVANSA BV. In September of that year, it changed its name from ADVANSA SASA to SASA.
On April 30, 2015, ERDEMOLU Holding bought the shares of Sabanc Holding. This created a new ownership structure in which ERDEMOLU Holding owned 51% of the total shares and the rest were held by the public. At the end of the forced share takeover process in August 2015, ERDEMOLU Holding A.Ş. owned 84.80% of SASA Polyester Sanayi A.Ş..
SASA uses technologies from Nobel, ICI, and DuPont. It has a strong technical infrastructure with more than 4,300 qualified workers, high-capacity and leading production facilities, and a Research and Development Center that was set up in 2002.
SASA's head office is on an area of 2,181,000 m2 in Adana, which is also where its combined production facilities are. It also has a 55.625 m2 raw material storage facility in Iskenderun and liaison offices in Istanbul and Ankara.Founded: 1966
Headquarters: Sarıhamzalı Mah. Turhan Cemal Beri, Adana
Website: http://www.sasa.com.tr/
-
Ford Otosan, also called Ford Otomotiv Sanayi A.., is a company sold on the stock market (18%). Ford Motor Company* (41%) and Koç Holding A.Ş. (41%) each own 41% of the company. Since 2004, Ford Otosan has been one of Turkey's top three exporting companies. It has won the automotive industry championship for 11 years in a row and has been Turkiye's export winner for 7 years in a row. In 2022, Turkey continued to sell cars and spare parts to 94 countries on 5 continents for a total of $6,2 billion. Ford Otosan has 4 main hubs where it does business. More than 20,000 people work at the Golcük and Yenikoy Plants in Kocaeli, the Eskişehir Plant in Eskişehir, the Sancaktepe R&D Center and Spare Parts Warehouse in Istanbul, and the Craiova Plant in Romania. The most expensive car company in Borsa Istanbul is Ford Otosan.
Ford Otosan has 1688 people working on research and development, making it the biggest R&D company in the Turkish industry. It also exports engineering. It's where Ford's heavy commercial vehicles, diesel engines, and engine systems are designed and engineered. It's also where Ford's light commercial vehicles are designed and engineered. Ford Otosan has all the knowledge and skills to create, build, and test an entire vehicle, including the engine, from scratch.
Since it opened in 1959, Ford Otosan has been Europe's biggest commercial vehicle production center for Ford. By 2022, it will be able to make 721,700 cars, 436,500 engines, and 140,000 powertrains. The Kocaeli and Eskişehir Plants are among Ford's "Best Vehicle Production Centers," according to a review of the company's plants. Eskişehir is the only place in Turkey where cars, engines, and powertrains can all be made in the same place.
Ford Otosan has had business partnerships with its dealers for a long time, and strong names from all over Turkiye have joined this relationship and made it stronger. It also has maintenance, delivery, and repair services all over Turkiye that are done by approved specialists. Through its Ford Trucks heavy commercial vehicle business, Ford Otosan gives distributors and dealers worldwide. These dealers help with sales, service, and spare parts.
In addition to helping the country's economy grow and making it more competitive on the world stage, Ford Otosan also works on several social responsibility projects in fields like education, healthcare, culture, arts, and sports. These projects are part of the company's "Future. Now" approach to corporate citizenship and "Sustainable Development Goals" (SDGs) plan to help the country reach its full potential. To meet this goal, it helps improve the quality of education in the areas where it works by building schools, setting up labs for technical schools, and giving equipment and scholarships. As part of the United Nations Sustainable Development Goals of "Quality Education," "Reduced Inequalities," and "Partnerships for the Goals," Ford Otosan started a nationwide project in 2019 called "Dreams Need Knowledge." The project aims to help children who need access to new technologies learn how to solve problems using sensors, coding, and artificial intelligence.
Since 2013, Ford Otosan has been studying gender equality as part of its "Equality at Work" campaign. In 2021, it was the only automobile company and the first and only industrial company in Turkey to be included in the Bloomberg Gender-Equality Index. Due to its commitment to gender equality, Ford Otosan researches how to help women in STEM (Science, Technology, Engineering, and Math), especially in schooling and work.
Founded: 1959
Headquarters: Gölcük, Kocaeli, Turkey
Website: https://fordotosan.com.tr/tr
-
Since 1926, when it was founded, Koç Holding has been on a nearly century-long journey. It has set itself apart from rivals by making many breakthroughs in Turkey, from industrialization to globalization, and playing key roles with its top positions. The Koç Group formed Turkey's first joint stock company, as well as the country's first industrial venture, first international partnership, and first public offering.
Koç Holding is Turkey's largest investment holding company, and the Koç Group is Turkey's largest industrial and services group in terms of revenues, exports, number of workers, taxes paid, and market capitalization on Borsa Istanbul. The group has been a big part of what has kept the Turkish economy going. Its total sales make up about 9% of Turkey's GDP, and its exports make up about 7% of Turkey's total exports.
Koç Holding is the only Turkish company in the Fortune Global 500. In the last five years, its combined net profit has grown at a rate of 70% per year. In the energy, automotive, consumer durables, and banking sectors, where Koç Holding is a leader and has strong competitive advantages, the company has strong long-term growth potential.
The Koç Group runs its business according to world standards for corporate governance, customer satisfaction, sustainability, and social responsibility.
The Koç Group is the biggest group of companies in Turkey, and it will continue to make money for all its shareholders.Founded: 1963
Headquarters: Kuzguncuk, Üsküdar, Istanbul
Website: https://www.koc.com.tr/
-
Turkish Airlines is the flag carrier airline of Turkey, operating over 300 destinations in more than 120 countries. As Europe’s fourth-largest carrier, the airline has become one of the most successful in the world, offering passengers a wide range of services and benefits. As such, it is crucial to understand the three critical things about Turkish Airlines: its services, financial performance, and global reach.
When it comes to services, Turkish Airlines is committed to providing passengers with an enjoyable and comfortable flight experience. This includes a range of amenities like onboard Wi-Fi access, complimentary meals, and an extensive selection of movies and TV shows. On long-haul flights, passengers can enjoy even more luxuries, such as lie-flat seats and personal entertainment systems.
Turkish Airlines has also achieved impressive financial results over the past decade. The company has seen a steady increase in revenues, with the airline reporting a net profit of nearly $1.5 billion in 2020. This is a testament to the airline’s efficient operations and strong customer loyalty.
Finally, Turkish Airlines’ global reach is unparalleled. The airline flies to over 300 destinations in more than 120 countries, making it one of the most connected airlines in the world. With its vast network of routes, passengers can travel to almost any part of the world with the convenience of Turkish Airlines.
These are just three of the key things to know about Turkish Airlines. With its wide range of services, impressive financial performance, and global reach, the airline continues to be a leader in the aviation industry.Founded: 1933
Headquarters: Atatürk Airport, Yeşilköy, Istanbul, Turkey
Website: https://www.turkishairlines.com/
-
ENKA İnşaat ve Sanayi A.Ş. is a global engineering and construction firm headquartered in Istanbul, Türkiye. Founded by the late Mr. Şarık Tara and his brother-in-law, the late Mr. Sadi Gülçelik, in 1957, the company has been the largest construction company in Türkiye and ranked among the ENR’s Top International Contractors since 1981. The Chairman of the Board and President, Mr. Mehmet Tara, is the third generation of the Tara family to lead the company.
ENKA provides services through its subsidiaries in the areas of engineering and construction, power generation, real estate, and trade. The company is traded publicly in Borsa Istanbul (BIST) with a Market Cap of USD 10 Billion. Since its founding, ENKA has been awarded 136 projects with a total contract value of US $ 7.6 billion in Türkiye and 434 projects with a total contract value of US $ 51.6 billion abroad.
The company has a wide range of projects in the areas of oil, gas, petrochemicals, power plants, infrastructure, and building works. ENKA also owns and operates Gebze Elektrik Üretim A.Ş., Adapazarı Elektrik Üretim A.Ş., and İzmir Elektrik Üretim A.Ş. for power generation. For real estate, the company is involved in Mosenka, Moskva Krasnye Holmy, ENKA TC, City Center Investment B.V., ENKA Invest, and Flexity. ENKA Pazarlama, Entaş, AirENKA, and ENKA Systems Yazılım A.Ş. make up the company’s trade business.
ENKA is committed to sustainability and is dedicated to providing its customers with the best services available. The company also offers a career development program and an internship program for interested professionals. For more information, contact ENKA İnşaat ve Sanayi A.Ş. at their headquarters located at Balmumcu Mah., Zincirlikuyu Yolu No: 10, 34349, Beşiktaş Istanbul, Turkey, or call +90 (212) 376 10 00.Founded: 1957
Headquarters: Istanbul, Turkey
Website: https://www.enka.com/
-
Türkiye Petrol Rafinerileri A.Ş. is a Turkish company that runs four refineries that can handle 30 million tons of fuel annually.
Tüpraş has four oil plants, three of which process crude oil from other countries. The 11 million tonnes/yr Izmit refinery in northwestern Turkey and the 11 million tonnes/yr Izmir refinery at Aliaga on Turkey's central Aegean coast process crude from global markets brought by tanker. The 5 million tonnes/yr Kirikkale refinery in central Turkey processes crude brought to Turkey's Mediterranean oil hub at Ceyhan and moved to the refinery via a custom pipeline. The fourth refinery, the 1.1 million tonnes/year Batman refinery, handles crude oil from many small oil fields in southeast Turkey. The crude oil gets to the refinery through an existing pipeline network and by road tanker.
Tupras also owns most of the shipping company DİTAŞ (79.98%) and, since 2006, 40% of the gas station chain Opet.
İPRAŞ (İstanbul Petrol Rafinerisi A.Ş.) was started by the U.S. Caltex Company, which is now a part of Chevron. In 1983, İPRAŞ and three other factories that were owned by the public were taken over by the state and put under the Tüpraş umbrella. In 1991, an initial public offering (IPO) sold 2.5% of shares to the public. By 2005, a number of private offerings had brought this number up to 49%. In 2005, Koç Holding and Shell put in a bid of more than $4 billion to buy the remaining 51% interest. They did this through a new joint venture company called Enerji Yatrmlar A.Ş.
The shares of the company were split as follows:- IKoç Holding A.Ş. owned 75%.
- Aygaz A.Ş. owned 20%.
- OPET Petrolcülük A.Ş. owned 3%.
- Shell Overseas Investment B.V. owned 1.9%.
- The Shell Company of Turkey Ltd. owned 0.1%.
Founded: 1983
Headquarters: Büyükdere Avenue, Zincirlikuyu, Mecidiyeköy, Şişli, İstanbul
Website: https://www.tupras.com.tr/
-
The main office of the Turkish bank QNB Finansbank is in Levent, Istanbul. It was started in 1987 by the famous Turkish banker Hüsnü Özyeğin. For a while, it was the Turkish bank with the most branches abroad. In 2016, the QNB Group, based in Doha, Qatar, which was the largest bank in the Middle East and Africa at the time, bought Finansbank from the National Bank of Greece (NBG). The NBG had bought the domestic operations of Finansbank in 2006 and spun off the international operations as Credit Europe Bank.
The bank had 647 branches and 13,000 workers as of September 30, 2015. Finansbank made a profit of 673 million TL in the third quarter of 2015. Its total loans went up to 57 billion 194 million TL, its total assets went up to 90 billion 410 million TL, its customer account portfolio went up to 47 billion 306 million TL, and its total equity went up to 8 billion 937 million TL.
Late in 2015, the National Bank of Greece said it would sell Finansbank to the Qatari QNB Group for 2.7 billion Euros. On June 15, 2016, the QNB Group closed its purchase of Finansbank.Banking Services
- Consumer Banking
- SME Banking
- Corporate Banking
- Private Banking
Founded: 1987
Headquarters: Büyükdere Avenue, Levent, Istanbul, Turkey
Website: https://www.qnbfinansbank.com
- Consumer Banking
-
Atatürk, the founder and first President of the Republic of Turkey, told İşbank to start Şişecam in 1935. It is one of the oldest industrial companies in Turkey, with a past that goes back more than 85 years. Today, Şişecam is one of the most well-known manufacturers in the world, thanks to its high level of skill and highly competitive business practices.
Şişecam was started to meet the basic glass needs of Turkey. As one of the most influential industrial conglomerates in the country, Şişecam has also become a world player in all critical areas of the glass industry, as well as in the soda and chromium compounds business lines.
Şişecam has put in a lot of work to become a worldwide success with its growing production capacity, highly reputable brand image, high-quality products, and sustainable growth strategy that creates value. It is one of the largest glass companies in the world, with factories in 14 countries on four continents and about 24,000 workers. Şişecam has sold music in more than 150 countries across the globe.
Şişecam is also the only company in the world that works in all three of the glass industry's most important areas: flat glass, glassware, and glass packing. It is one of the top two companies in the world that makes glasses. It is also one of the top five companies that makes glass packaging and flat glass. Şişecam is also one of the world's top three most prominent soda makers and a leader in chemicals made from chromium.
Şişecam is a world player in the glass industry's most important areas, such as flat glass, glassware, glass packaging, automotive glass, and glass fiber. It is also a significant player in the soda and chromium compound industries. Şişecam also plays a leading role in the mining, energy, and recycling industries. It is taking more steps to reach its big goals worldwide.
Şişecam adds value to its stakeholders by focusing on people and the environment. This aligns with its sustainable growth strategies that create value based on its long-term experience and forward-looking approach.Founded: 1935
Headquarters: İstanbul, Tuzla
Website: https://www.sisecam.com.tr
-
Since the Great Leader Mustafa Kemal Atatürk started it on August 26, 1924, almost 100 years ago, İşbank has taken on many roles and made important contributions to the growth of our country in many areas, especially in industry and trade.
With around 22,000 employees, nearly 1,200 domestic branches, and about 6,400 ATMs by the end of 2021, along with its advanced digital banking channels, İşbank offers its customers goods and services in corporate, commercial, SME, retail, and private banking. İşbank also has branches in the Turkish Republic of Northern Cyprus, England, Kosovo, Iraq, and Bahrain, as well as wholly owned subsidiaries in Germany, Russia, and Georgia, and local offices in China and Egypt. The Bank is the biggest private bank in Turkey in terms of total assets, loans, deposits, and shareholders' equity, as well as the number of offices and ATMs.
The İşbank Pension Fund, which was started by the bank's workers, owns most of the bank's capital.
İşbank is a company that stands for trust, reliability, and respect. Its past has given it a sense of responsibility that drives it to work for an inclusive and environmentally friendly economy.
Visit https://www.isbank.com.tr/en/about-us for more information.Founded: 1924
Headquarter: Isbank Tower 1, Levent, Beşiktaş, Istanbul
Website: https://www.isbank.com.tr
-
Aselsan is a Turkish defense corporation headquartered in Ankara, Turkey, specializing in the research, development, and manufacture of advanced military products for air, land, and maritime forces. Founded in 1975 by the Turkish Army Foundation, Aselsan is one of the major contractors of the Turkish Armed Forces and was ranked by Defense News as the 48th largest defense company in terms of revenue. Aselsan specializes in producing communication systems, radars, avionics, electronic warfare systems, air defense systems, targeting systems, and other military electronics equipment.
Aselsan operates five business sectors: Communication and Information Technologies, Microelectronics, Guidance and Electro-Optics, Radar and Electronic Warfare Systems, Defense Systems Technologies, and Transportation, Security, Energy, and Automation Systems. Aselsan’s methodologies comply with military standards, ISO 9001, and use computer-aided design, engineering, and manufacturing technologies.
In 2015, Aselsan opened its brand-new Radar and Electronic Warfare Technology Center in Gölbaşı district of Ankara. The site produces radar and electronic warfare equipment required by the Turkish Armed Forces (Army, Navy, Air Force), and space and unmanned platforms. The facility covers an area of 75,000 m2 and employs a total of 776 engineers, 261 technical personnel, and more than 200 support personnel.
Aselsan also has associated companies in Azerbaijan, Kazakhstan, Saudi Arabia, and the United Arab Emirates. In addition, the company announced in October 2015 that they plan to expand its South African business by seeking partnerships to form a private company out of its local branch, Aselsan South Africa. Aselsan’s product portfolio includes unmanned surface vehicles, self-propelled anti-aircraft guns, guidance kits, remote weapon turrets, electronic warfare systems, and more.Founded: 1975
Headquarters: Ankara, Turkey
Website: https://aselsan.com.tr