Çalık Holding
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Çalık Holding is a Turkish company that has been operating in the energy, construction, mining, textile, finance, and telecom sectors since the 1980s. Founder and chairman
Ahmet Çalık Ahmet Çalık is a Turkish businessman who is the chairman of Çalık Holding. He was made a government minister in Turkmenistan by Saparmurat Niyazov. He is married with four children and lives in Istanbul. According to ''Forbes'', his fortu ...
began his business career in the textile industry, founding Orta Doğu Tekstil in 1981 and Çalık Denim in 1987. During the early-1990s independence of
CIS countries The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union in 1991. It covers an area of and has an estimated population of 239,796,010. ...
, he made his first foreign investments and founded Gap Pazarlama (to increase his company's share of international textile trading) and Gap İnşaat (to build plants). These companies were brought together as Çalık Holding in 1997. The umbrella company founded Çalık Enerji in 1998 and Aktif Bank in 1999, to enter the energy and finance sectors. Growing by investments since the 2000s, Çalık Holding acquired
Banka Kombëtare Tregtare Banka Kombëtare Tregtare (BKT) is the largest and oldest operating commercial bank in Albania. History Early establishments The first branch of Banka Kombëtare Tregtare was established in Durrës on 29 November 1925, in the historical buil ...
(operating in
Albania Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...
and
Kosovo Kosovo ( sq, Kosova or ; sr-Cyrl, Косово ), officially the Republic of Kosovo ( sq, Republika e Kosovës, links=no; sr, Република Косово, Republika Kosovo, links=no), is a partially recognised state in Southeast Euro ...
). The group acquired ALBtelecom (Albania's oldest
landline A landline (land line, land-line, main line, home phone, fixed-line, and wireline) is a telephone connection that uses metal wires or optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses ...
operator and Internet provider) in 2007, entering the telecom sector. Çalık Holding entered the mining sector in a partnership with Canadian-based Anatolia Minerals, a member of the
Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...
. It founded Çalık Cotton in 2011, aiming to be among the top 10 global companies in the cotton trade. After participating in the privatization of the electricity-distribution sector, Çalık Holding provided electricity to seven million customers (according to 2015 data). The company acquired YEDAŞ in 2010, Kosovo Electricity Distribution Company (KEDS, in association with Limak Holding) in 2012, and ARAS EDAŞ (in association with Kiler Holding) in 2013. Subsidiary Çalık Enerji was included in '' ENR'' annual list of top 250 international contractors. The company turned its 20-year business relationship with the
Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...
Corporation into a partnership in 2015, when Mitsubishi acquired 4.5 percent of Çalik Enerji. Çalık Holding employs over 28,000 people in 17 countries, and its assets are valued at US$7.6 billion.


Sectors


Textiles

Çalık's background is in textiles, with the family's involvement in the sector dating to the 1930s. The first company, Ortadoğu Tekstil, was founded by Ahmet Çalık in 1981; Gap Güneydoğu Tekstil was founded to manufacture denim in 1987. In 1997, a factory was established in
Turkmenistan Turkmenistan ( or ; tk, Türkmenistan / Түркменистан, ) is a country located in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north, east and northeast, Afghanistan to the southeast, Iran to the sout ...
.Çalık
Milestones


Media

Çalık Group acquired Albtelecom and became a landline operator and Internet provider in Albania in 2007. The company acquired Turkuvaz Media Group, which owns the ''
Sabah Sabah () is a States and federal territories of Malaysia, state of Malaysia located in northern Borneo, in the region of East Malaysia. Sabah borders the Malaysian state of Sarawak to the southwest and the North Kalimantan province of Indone ...
'' newspaper and ATV television station, from the
Savings Deposit Insurance Fund of Turkey The Savings Deposit Insurance Fund of Turkey ( tr, Tasarruf Mevduatı Sigorta Fonu), a.k.a. TMSF in abbreviated form, is the governing body concerned with matters of fund management and insurance in the Turkish banking system. The body was found ...
the following year. The $1.1-billion sale was controversial in Turkey, since it was partially financed by $750 million in loans from two state banks (
VakıfBank VakıfBank is the second largest bank in Turkey in terms of asset size, established with an initial capital of TL 50 million on January 11, 1954 and later started operating on April 13, 1954. Abdi Serdar Üstünsalih has been selected as the CEO ...
and
Halkbank Halkbank is a Turkish bank, first incorporated in 1933 as a state-owned bank. After growing throughout much of the twentieth century, it began absorbing smaller-sized state banks around the turn of the millennium. Halkbank is now a publicly trad ...
) and sold for the minimum price; Çalık was the sole bidder.Reuters, 12 January 2008
Turkey eyes reform of media ownership law -paper
/ref> A Turkish law limiting foreign ownership to 25 percent of media assets was believed to have contributed to the situation. The acquisition was also financed with a 25-percent investment from Qatar, allegedly requested by Prime Minister Recep Tayyip Erdoğan (a "close associate" of Çalık chairman
Ahmet Çalık Ahmet Çalık is a Turkish businessman who is the chairman of Çalık Holding. He was made a government minister in Turkmenistan by Saparmurat Niyazov. He is married with four children and lives in Istanbul. According to ''Forbes'', his fortu ...
); former Çalık CEO
Berat Albayrak Berat Albayrak ( born 21 February 1978) is a Turkish businessman and former politician, and the son-in-law of Turkish president Recep Tayyip Erdoğan. He is a former CEO of Çalık Holding. He was a member of parliament from Istanbul in the 25th ...
is Erdoğan's son-in-law. Turkuvaz' holdings, in addition to ''Sabah'' and ATV, include the newspapers ''
Takvim ''Takvim'' is a Turkish daily newspaper owned by Kalyon Group. The word "takvim" means calendar in Turkish. Founded by Dinç Bilgin in 1994, ''Takvim'' was acquired by Ahmet Çalık's Turkuvaz Media Group in 2008, as part of its $1.1bn purchase ...
'', ''
Yeni Aktüel ''Yeni Aktüel'' ("New News" in Turkish; increasingly downplays the "Yeni" and may be referred to simply as ''Aktüel'') is a Turkish weekly news magazine. History and profile The magazine was established in 1991 by Ercan Arıklı. The first is ...
'' and ''
Pas Fotomaç PAS or Pas may refer to: Companies and organizations * Pakistan Academy of Sciences * Pakistan Administrative Service * Pan Am Southern, a freight railroad owned by Norfolk Southern and Pan Am Railways * Pan American Silver, a mining company in ...
''. In 2012, Çalık attempted to sell the company.


Energy

*Çalık Enerji *Yeşilırmak Electricity Distribution Company (YEDAS) *Kosovo Energy Distribution Services (KEDS) *Aras Edaş In 2012, Çalık Holding completed construction of a new power plant in Iraq. It and another plant (under construction) will supply 2,000 MW and a potential capacity of 4,500 MW.


Construction and real estate

*Gap İnşaat *Çalık Gayrimenkul


Mining

*Lidya Madencilik *Polimetal Madencilik The company signed
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 ...
agreements with Alacer Gold (Çalık Holding's partner in the Çöpler Gold Mine in Iliç,
Erzincan Erzincan (; ku, Erzîngan), historically Yerznka ( hy, Երզնկա), is the capital of Erzincan Province in Eastern Turkey. Nearby cities include Erzurum, Sivas, Tunceli, Bingöl, Elazığ, Malatya, Gümüşhane, Bayburt, and Giresun. The city is ...
) for 16 properties in a number of Turkish cities, and owns 50 percent of the three companies established for this purpose. Gold production in Erzincan's Çöpler Gold Mine exceeded 185,000 ounces in 2011.


Finance

Çalıkbank was founded in 1999, and was renamed Aktif Yatırım Bankası in 2008. Sixty percent of Albania's Banka Kombetare Tregtare was acquired in 2006, and the remainder in 2009. Other financial holdings are BKT. and Aktif Bank. The latter has come under scrutiny for potential money-laundering and other financial crimes.


Artificial intelligence

OPAC Global founded by
Kerem Albayrak Kerem is a Turkish male given name of Arabic origin, for males and it means vineyard, nobility and generosity. People named Kerem include: * Kerem Bulut, Turkish-Australian footballer * Kerem Demirbay, Turkish-German footballer * Kerem Gönlüm, ...
, backed by Çalık Holding focuses on
Artificial Intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...
fraud prevention. The firm was selected "BEST"
Artificial Intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...
firm at the
Bitmain Bitmain Technologies Ltd., is a privately owned company headquartered in Beijing, China, that designs application-specific integrated circuit (ASIC) chips for bitcoin mining. History It was founded by Micree Zhan and Jihan Wu in 2013. Prior to ...
&
TSMC Taiwan Semiconductor Manufacturing Company Limited (TSMC; also called Taiwan Semiconductor) is a Taiwanese multinational corporation, multinational semiconductor contract manufacturing and design company. It is the world's most valuable semicon ...
AI DATA chip summit (2017)


Telecommunications

*ALBtelecom


References


External links

* {{DEFAULTSORT:Calik Holding 1997 establishments in Turkey Beşiktaş Conglomerate companies of Turkey Holding companies established in 1997 Holding companies of Turkey Newspaper companies of Turkey