Borusan Holding A.Ş. is a Turkish industrial group headquartered in

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a list of transcontinental countries, transcontinental country located mainly on the Anatolia, Anatolian Peninsula in Western Asia, with ...

. 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.

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 Caterpillars ( ) are the larval stage of members of the order Lepidoptera (the insect order comprising butterflies and moths). As with most common names, the application of the word is arbitrary, since the larvae of sawflies (suborder Sym ...

earth moving equipment and

Land Rover Land Rover is a British brand of predominantly four-wheel drive, off-road capable vehicles, owned by multinational car manufacturer Jaguar Land Rover (JLR), since 2008 a subsidiary of India's Tata Motors. JLR currently builds Land Rovers ...

vehicles. In 1998, ''Borusan Yatırım'' went public and Borusan went into partnership with

Mannesmann Mannesmann was a German industrial conglomerate. It was originally established as a manufacturer of steel pipes in 1890 under the name "Deutsch-Österreichische Mannesmannröhren-Werke AG". (Loosely translated: "German-Austrian Mannesmann pi ...

. Its annual steel pipe production capacity rose to 1 million tons, from factories in

Gemlik Gemlik is a town and center of the Gemlik District of Bursa Province. It is located in the east of the Gulf of Gemlik. It is approximately away from Bursa. In antiquity, Gemlik was the location of the ancient Greek town of Cius. Gemlik is an in ...

and

İzmit İzmit () is a district and the central district of Kocaeli province, Turkey. It is located at the Gulf of İzmit in the Sea of Marmara, about east of Istanbul, on the northwestern part of Anatolia. As of the last 31/12/2019 estimation, the c ...

. Borusan has a factory in Italy with a production capacity of 32,000 tons per year of cold drawn pipe. In 2012, Borusan Mannesmann decided to establish a pipe manufacturing facility with an annual capacity of 300 thousand tons in

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. The facility was opened in

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

two years later at a cost of 150 million dollars. In 2014, the

Borusan Istanbul Philharmonic Orchestra The Borusan Istanbul Philharmonic Orchestra ( tr, Borusan İstanbul Filarmoni Orkestrası), also known as the BIPO, is a Turkish orchestra based in Istanbul that was formed by enlarging the Borusan Chamber Orchestra in 1999. It is funded by the ...

was invited to the

BBC Proms The BBC Proms or Proms, formally named the Henry Wood Promenade Concerts Presented by the BBC, is an eight-week summer season of daily orchestral classical music concerts and other events held annually, predominantly in the Royal Albert Hal ...

classical music festival. The concert was attended by 6,000 people. Borusan's

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

with

ArcelorMittal ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second larg ...

, Borcelik, is the biggest galvanized steel manufacturer in Turkey.

Headquarters

The headquarters of the Borusan Group is in

Sarıyer Sarıyer () is the northernmost district of Istanbul, Turkey, on the European side of the city. It consists of the neighbourhoods of Rumelifeneri, Tarabya, Yeniköy, İstinye, Emirgan and Rumelihisarı. Sarıyer also administers the Black Sea c ...

, overlooking the

Bosphorus The Bosporus Strait (; grc, Βόσπορος ; tr, İstanbul Boğazı 'Istanbul strait', colloquially ''Boğaz'') or Bosphorus Strait is a natural strait and an internationally significant waterway located in Istanbul in northwestern Tu ...

. The headquarters building is known as the

Perili Köşk Perili Köşk (originally known as the Yusuf Ziya Pasha Mansion and currently housing the headquarters of Borusan Holding and the Borusan Contemporary art museum) is a historical monument at the Rumelihisarı neighbourhood of the Sarıyer distric ...

(''Haunted House''). The building also includes a public art gallery and the Borusan Contemporary museum.

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.

Fields of activities

Steel Group

* Borçelik (joint venture with

) * Borusan Mannesmann (joint venture with

Salzgitter AG Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes. With over 100 subsidiaries and associated companies, the Group is structured in five divisions – Steel, Tr ...

) * Borusan Mühendislik * İstikbal Ticaret * Kerim Çelik

Distributorship Group

* Borusan Otomotiv: exclusive distributor of BMW Group and Jaguar Land Rover Group brands in Turkey * Borusan Makina ve Güç Sistemleri: exclusive distributor of

products in Turkey, Russia, Azerbaijan, Kazakhstan, Georgia and Kyrgyzstan * parcapazari.com: an e-commerce startup for aftermarket automotive parts * Borusan Araç İhale * Supsan

Energy Group

* Borusan EnBW Enerji (joint venture with

EnBW EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany. As its name indicates, EnBW is based in the German state of Baden-Württemberg. History Foundation and development EnB ...

)

Logistics Group

* Borusan Lojistik * Bukoli * eTA

References

External links

* {{Istanbul Stock Exchange companies Companies listed on the Istanbul Stock Exchange