KOC Holding of Turkey invests TL 6.4 billion in first nine months of current year
It is reported that KOÇ HOLDING, the largest private conglomerate of Turkey has invested TL 6.4 billion in first nine months of the current year. On the other hand the group is also reported to have invested TL 35 billion in the last five years.
At a meeting organized by the group in Adana to bring together its dealers allover Turkey Mr. Omer KOÇ, the chairman delivered a speech to attendants and shared figures indicating successful performance displayed by the group and stated that they continued to invest in new conditions at all times.
At the meeting attended by almost 300 dealers Mr. KOC reminded the famous saying of late VEHBI KOC, the founder of the group that goes “If my country exists, I exist as well. If democracy exists, we all exist” and stated that in the light of this motto the group had focused on leading Turkey’s economic and social development and creating added value, since the establishment.
OMER KOC also shared the following: “We have been striving to be the driving force in the development of our country. We owe our success stories for over 90 years to of our love for our country devotion to our people. We believe that our success is not the companies or products we have created, but the values we represent with our strong reputation and stability. Today, we see how important and indispensable our values and commitment to the principles and revolutions of the secular republic are. As the leading establishment of Turkey’s business world we aim for the global standards and the best in all areas, to cover the way we do fair and decent business, the quality of our products, our brands, and our technology capabilities and work with this determination”.
OMER KOC also shared the following: “We have been striving to be the driving force in the development of our country. We owe our success stories for over 90 years to of our love for our country devotion to our people. We believe that our success is not the companies or products we have created, but the values we represent with our strong reputation and stability. Today, we see how important and indispensable our values and commitment to the principles and revolutions of the secular republic are. As the leading establishment of Turkey’s business world we aim for the global standards and the best in all areas, to cover the way we do fair and decent business, the quality of our products, our brands, and our technology capabilities and work with this determination. We have realized R&D work worth approx. TL 8.2 billion between 2007 and 2017.”
KOC went on to say following: While continuing our investments, we keep our financial structure intact and attach special importance to our risk management systems. The combined turnover created by our group is equivalent to 7 percent of national income. Our companies realize 10 percent of our country’s exports. We are happy to see that this year four of our companies were in the top 10 lists for highest turnover and export ranking. The taxes that we pay as a result of the revenues we have obtained correspond to 8% of the tax revenues of our country.
The market value of our publicly traded companies on Istanbul Stock Market corresponds to 19 percent of the total market value. KOC Holding has the largest market value and most importantly, we continue to bring in institutions and people that become source of pride for our country. This flag that we have been carrying with pride is the most important value we have created for our country.
