Zorlu Holding is a Turkish multinational conglomerate holding specialized in textiles, white goods, electronics manufacturing, energy, and financial services. Zorlu Holding is headquartered in

Istanbul ) , postal_code_type = Postal code , postal_code = 34000 to 34990 , area_code = +90 212 (European side) +90 216 (Asian side) , registration_plate = 34 , blank_name_sec2 = GeoTLD , blank_i ...

History

The Zorlu group was founded by

Hacı Mehmet Zorlu Hacı Mehmet Zorlu (1919 in Babadağ, Denizli – May 7, 2005 in Istanbul) was the founder of Zorlu Holding, one of the biggest group of companies in Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye ...

. Zorlu Holding acquired the aviation company Vestel in 1994. In December 2006, the most important stakeholders of the Zorlu family sold $250 million worth of their main controlling companies (Zorlu Linen Dokuma, Linens Pazarlama, Korteks, ...) back to the Zorlu Holding. The shares of Ahmet Zorlu and his family members in the Zorlu Holding lowered from 51% to 49%. Those changes came as the holding sought to consolidate its activities and turn to the international. In May 2011, the Zorlu Group selected the luxury hotel brand Raffles as the premium hospitality provider of the Zorlu Center, Turkey’s first mixed-use project. In September 2016, the group was in talk with the Iranian authorities to build gas-fired power plants in Iran. In November 2017, the Zorlu Group opened Turkey's first nickel and cobalt production facility, and Europe's first global-scale smartphone manufacturing plant. In February 2018, the Zorlu Group signed a $4.5 billion deal with the Chinese GSR Capital to invest in battery production through its subsidiary Vestel and with a plan to build a 25,000 mega-watt battery production factory on a 300,000 square meter area (which would provide batteries for 500,000 cars). Through this deal, GSR Capital took 50% of Meta Nikel Madencilik, a nickel production subsidiary of the Zorlu Group. In March 2018, the management of the company announced preparing its business units for an eventual IPO. In November 2019, the Zorlu Group announced a $400-million investment to boost its production capacities, and the launch of domestic electric cars on the Turkish market by 2022.

Description

Zorlu Group companies are active principally in the areas of textiles,

white goods A major appliance, also known as a large domestic appliance or large electric appliance or simply a large appliance, large domestic, or large electric, is a non-portable or semi-portable machine used for routine housekeeping tasks such as cookin ...

and

electronics manufacturing Electronics Manufacturing Services (EMS) is a term used for companies that design, manufacture, test, distribute, and provide return/repair services for electronic components and assemblies for original equipment manufacturers (OEMs). The concept is ...

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...

, and financial services. Zorlu's subsidiary Vestel is responsible for the manufacture of a series of PVRs (codenamed T810, T816, T825 etc.), branded in the UK under such brands as Goodmans, Digihome, Hitachi and Grundig. These devices run firmware developed by the British company Cabot Communications.

Organization

Textiles subsidiaries: * KORTEKS YARN * BEL-AIR GARDINEN * ZORLUTEKS TEXTILE * KORTEKS AFRICA * LİNENS MARKETING * ZORLU USA * ZORLU FOREIGN TRADE * ZORLU UK LTD * ZORLU HOMETEKS ZORLU GMBH * ZORLU MENSUCAT * ZORLU MACEDONIA * BEL-AIR INDUSTRIES Electronics subsidiaries: *

Vestel Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics, major appliances and information technology. Vestel's headquarters and production plant are located in Manisa, while ...

Minerals subsidiaries: * Meta Nikel Madencilik (50% owned by GSR Capital) Energy subsidiaries: * Zorlu Enerji: ** 42.14% stake in Ashdod and Ramat natural gas facilities in Israel **Coal and gas-fired Lüleburgaz Power Plant * ZES (Zorlu Energy Solutions) EV charging stations infrastructures Defence subsidiaries *

Defence

Governance

The Zorlu Group is headed by its two co-chairmen

Ahmet Nazif Zorlu Ahmet Nazif Zorlu (botn 28 August 1944 in Babadağ, Turkey) is a Turkish businessman, a billionaire and chairman of Zorlu Holding. Biography Zorlu began working in the business of his father Hacı Mehmet Zorlu, a textile factory. Ahmet Naz ...

and Zeki Zorlu.

References

External links

Zorlu.com: ''Zorlu Holding website

Sumytex.in.ua: Информация о холдинге (Zorlu Holding info)
{{- Conglomerate companies of Turkey Holding companies of Turkey Textile companies of Turkey Companies based in Istanbul Conglomerate companies established in 1984 Holding companies established in 1984 Manufacturing companies established in 1984 1984 establishments in Turkey Multinational companies headquartered in Turkey Turkish companies established in 1984 Coal in Turkey