Borusan Holding
 |
|
| Traded as | BİST: BRYAT BİST: BRSAN |
|---|---|
| Industry | Industry |
| Founded | 1944 |
| Founder | Asım Kocabıyık |
| Headquarters | Istanbul, Turkey |
|
Area served
|
Worldwide |
|
Key people
|
Ahmet Kocabıyık (Chairman) Agah Uğur (CEO) |
| Revenue | 4.4 billion $ (2015) |
| 329 million $ (2015) | |
| Total assets | 3.896 million $ (2015) |
| Total equity | 1.218 billion $ (2015) |
|
Number of employees
|
7,500 |
| Website | borusan.com.tr |
Borusan Holding A.Ş. is a Turkish industrial group headquartered in Istanbul, Turkey. Its activities include steel manufacture, distributorships, energy and logistics. The company was founded by Asım Kocabıyık in 1944 to trade iron and steel. The Borusan Group operates in 11 countries over 3 continents.
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 Oto became the Turkish distributor of BMW, later expanding in this area to distribute Caterpillar earth moving equipment, and Landrover vehicles. In 1998 Borusan Yatırım went public.
In 1998 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.
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 arrended by 6,000 people.
The headquarters of the Borusan Group is in Sarıyer, Istanbul, ovrlooking the Bosphorus. The headquarters building is known as the Perili Köşk (Haunted House). The building also includes a public art gallery and the Borusan Contemporary museum.
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Wikipedia