Borusan

Borusan Holding A.Ş. is a Turkish industrial group headquartered in Istanbul, Turkey. Its activities include steel manufacturing, car distribution, energy generation and logistics. The company was founded by Asım Kocabıyık in 1944 to trade iron and steel. Today, Borusan operates in 11 countries over 3 continents.

Borusan Holding A.Ş
Anonim Şirket
Traded asBİST: BRYAT
BİST: BRSAN
IndustryIndustry
Founded1944
FounderAsım Kocabıyık
Headquarters
Istanbul
,
Turkey
Area served
Worldwide
Key people
Ahmet Kocabıyık (Chairman)
Agah Uğur (CEO)
Revenue4.4 billion $ (2015)
329 million $ (2015)
Total assets3.896 million $ (2015)
Total equity1.218 billion $ (2015)
Number of employees
7,500[1]
Websiteborusan.com.tr

History

Borusan began in 1944 as İstikbal Ticaret, trading in iron, steel and agricultural products. The first industrial enterprise was steel pipe manufacturing in 1958, a business which expanded throughout the 1960s and 1970s into manufacturing industrial machinery, valves for internal combustion engines, and logistics. By 1972, after integrating the steel pipe operations, all Borusan companies were brought together under Borusan Holding. In 1977 Borusan Yatırım was founded, combining Borusan companies operating in steel, distributorship and integrated logistics industries.

In 1984, Borusan Otomotiv became the main distributor of BMW in Turkey, later expanding to distribute Caterpillar earth moving equipment and Land Rover vehicles.

In 1998, Borusan Yatırım went public and Borusan went into partnership with Mannesmann. Its annual steel pipe production capacity rose to 1 million tons, from factories in Gemlik, Istanbul and İzmit. Borusan has a factory in Italy with a production capacity of 32,000 tons per year of cold drawn pipe.[2]

In 2012, Borusan Mannesmann decided to establish a pipe manufacturing facility with an annual capacity of 300 thousand tons in United States. The facility was opened in Houston two years later at a cost of 150 million dollars.

In 2014, the Borusan Istanbul Philharmonic Orchestra as invited to the BBC Proms classical music festival. The concert was attended by 6,000 people.

Borusan's joint venture with ArcelorMittal, Borcelik, is the biggest galvanized steel manufacturer in Turkey.

Headquarters
Borusan headquarters is known as Perili Köşk.

The headquarters of the Borusan Group is in Sarıyer, Istanbul, overlooking the Bosphorus. The headquarters building is known as the Perili Köşk (Haunted House).[3][3] The building also includes a public art gallery and the Borusan Contemporary museum.[3]

Management

Asım Kocabıyık founded Borusan Holdings in 1972 and headed the company for 57 years. His son Ahmet Kocabıyık has been the chairman of Borusan Group since 2001. Borusan Holding's CEO is Erkan Kafadar.[4]

Fields of activities

Steel
  • Borusan Mannesman
  • Borusan Mannesman Boru Yatırım Holdingleri
  • Borçelik
  • Kerim Çelik
  • Borusan Mühendislik
  • İstikbal Ticaret

Distributorship
  • Borusan Otomotiv
  • Borusan Makina ve Güç Sistemleri
  • Borusan BMS AS
  • Supsan
  • Borusan Mannheim

Energy
  • Borusan EnBW Enerji

Logistics
  • Borusan Lojistik
  • Bukoli
  • eTA

See also

References
  1. "Borusan Faaliyet Raporu 2015 - Sektörlerinde Öncü". borusanyatirim.com. Retrieved 24 April 2017.
  2. "Archived copy". Archived from the original on 2014-07-15. Retrieved 2014-07-02.CS1 maint: archived copy as title (link)
  3. "Borusan Holding Headquarters". arup.com. Retrieved 24 April 2017.
  4. "Borusan Holding Yönetim Kurulu". borusan.com.tr. Retrieved 24 April 2017.
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