The establishment of İstikbal Ticaret 61 years ago laid the foundation for Borusan, one of Turkey’s major industry and service groups. Today, Borusan is active in four primary business areas of steel, distributorship, logistics and telecommunications.

The steel pipe company Borusan and Borusan Mannesman were merged in 2004 under the name Borusan Mannesman Boru. Borçelik, the first privately owned flat steel company in the country and Borusan Mannesman Boru, currently one of Europe’s five leading pipe producers, are among the leading companies in Turkey.

Borusan Mannesman Boru became a “European producer” when it bought Structo Vobarno plant in Italy in 2001. During the same year, Borçelik and Arcelor, the largest steel producers in the world, started a gargantuan joint investment of US$ 140 million. Increasing its yearly production capacity to 1 million tons upon the conclusion of the investment in 2004, Borçelik started manufacturing in EU standards .

The purchase of 35% shares of Bamesa Aceros in Spain in 2002 constituted a new step towards the European market.

Borusan also represents the world’s leading brands in the areas of automotive, Earth Moving Equipment (EME) and power systems. Borusan has been the distributor in Turkey of BMW for 21 years, Land Rover for 7 years and Caterpillar for 11 years.

Providing the customers with special integrated logistic services in the fields of 3PL (third party logistics) and port services, Borusan Lojistik established a Vehicle Logistics Centre in Köseköy in 2004 in cooperation with Gefco. Beside providing port  services in Gemlik, Borusan Lojistik aims to supply cargo, container, vehicle-park services under the “port +” concept. Borusan Lojistik achieved a growth rate of 60% in 2004.

Borusan Telekom took important steps in 2004 in order to project its leadership in corporate Internet services to corporate telecommunication services, too. Having obtained its alternative operator licences in May, Borusan Telekom successfully completed Türk Telekom’s testing process and became the first “A Type” operator to provide sound services.

In 2005, Borusan aims to become stronger and to grow in its present business fields. It targets a turnover of US$ 2 billion dollars. Last year, it grew by 56% and achieved a turnover of US$ 1.6 billion.

Borusan Holding, as a corporate parent, is responsible for the overall management and control of the group and its companies. The management of each Borusan company is handled as an independent strategic business unit in accordance with its particular market and shareholder structures. In addition to providing strategic leadership for the group, Borusan Holding also seeks to maximize the synergies created among the Group companies as well as the effective sharing of human and information resources by making available all necessary tools and systems that are needed for the successful accomplishment of all operations. Creating the financial resources needed to safeguard the long-term strength and success of the Group, as well as ensuring that existing resources are appropriately and effectively deployed, rank among the holding company’s most important responsibilities.

The Borusan Group believes that “Good Corporate Governance” principles are essential to long-term and permanent success and implements them in accordance with the following management models and processes.

• 6 Sigma
• Management of the “Voice of the Customer”
• Modern Human Resources Practices
• Value-based Management
• Strategic Planning
• Strategic Communication Processes

Please click here for Borusan Group Annual Report