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

Istanbul Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

. 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 Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Th ...

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 ...

earth moving equipment and

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

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" (lit. "German-Austrian Mannesmann pipe-works joint-s ...

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

Gemlik Gemlik is a municipality and district of Bursa Province, Turkey. Its area is 401 km2, and its population is 120,245 (2022). It is located in the east of the Gulf of Gemlik. It is approximately away from Bursa. In antiquity, Gemlik was the l ...

and

İzmit İzmit () is a municipality and the capital Districts of Turkey, district of Kocaeli Province, Turkey. Its area is 480 km2, and its population is 376,056 (2022). The capital of Kocaeli Province, it is located at the Gulf of İzmit in the Sea ...

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

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The facility was opened in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

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

Borusan Istanbul Philharmonic Orchestra The Borusan Istanbul Philharmonic Orchestra (), 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 Borusan Holding. History The Borusan Istan ...

was invited to the

BBC Proms The BBC Proms is an eight-week summer season of daily orchestral classical music concerts and other events held annually, predominantly in the Royal Albert Hall in central London. Robert Newman founded The Proms in 1895. Since 1927, the ...

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 acce ...

with

ArcelorMittal ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation, headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu, and had an annual crude steel production of 58 millio ...

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

Headquarters

The headquarters of the Borusan Group is in

Sarıyer Sarıyer () is a municipality and Districts of Turkey, district of Istanbul Province, Istanbul Province, Turkey. Its area is 177 km2 and its population is 350,454 (2022). It is on the northeastern part of Istanbul's European side. Sarıyer al ...

, overlooking the

Bosphorus The Bosporus or Bosphorus Strait ( ; , colloquially ) is a natural strait and an internationally significant waterway located in Istanbul, Turkey. The Bosporus connects the Black Sea to the Sea of Marmara and forms one of the continental bo ...

. 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 distri ...

(''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 Pipe * Borusan Mühendislik * İstikbal Ticaret * Kerim Çelik

Distributorship Group

* Borusan Otomotiv: exclusive distributor of

BMW Group Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. The ...

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 industry, energy company headquartered in Karlsruhe, Germany. History Foundation and development EnBW came into existence on 1 January 1997 as a result of the merge ...

)

Logistics Group

* Borusan Lojistik * Bukoli * eTA

References

External links

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