Koç Holding CEO Levent Çakıroğlu stated that they will continue to create value for Turkey and the Koç Group. Noting that they left behind a successful period, Çakıroğlu said, “Despite the global uncertainties in the first half of the year, the fluctuations caused by the Russia-Ukraine war and the challenging market conditions, as Koç Group, with the support of our strong balance sheet, disciplined management approach, diversified portfolio structure and robust supply chain. We left behind a successful period. With our belief in our country, we continued our investments with determination.” used the phrases. Noting that they have doubled their combined investments compared to the same period of the previous year, Çakıroğlu said, “We have increased our combined investments to 14.9 billion TL. Thus, the total investment we have made in the last 5 years has reached 65 billion TL. In the remainder of the year, with a disciplined and prudent approach. As we continue our activities, we will continue to create value for our country and our Group.” made its assessment. Emphasizing the Turkey’s Top 500 Industrial Enterprises Research published by the Istanbul Chamber of Industry (ITO), Çakıroğlu said: “As in previous years, we were at the top with our companies in the said research. As a result of the research, Tüpraş ranked 1st, Ford Otosan Arçelik ranked 2nd, Arçelik 8th, Tofaş 10. On the other hand, Ford Otosan was once again ranked 1st in the “Turkey’s Top 1000 Exporters Survey” determined by the Turkish Exporters Assembly. Arçelik ranked 6th.” Stating that Koç Group continues its investments in the transforming automotive industry, which increase Turkey’s competitive power, Çakıroğlu said, “We, together with our automotive group companies, successfully maintain our leadership role in the production and export of the sector. We contribute to the strategic transformation of the automotive sector, both as our companies in the sector and as Koç Holding “We are leading the way with our ongoing work. Our investments in electrification also coincide with our understanding of transforming our business models, products and services, in line with our goal of combating the climate crisis and being carbon neutral by 2050.” made its assessment. Noting that the process started between Ford Otosan and Ford Motor Company regarding the takeover of Craiova factory in Romania has been completed, Çakıroğlu said, “With Craiova becoming an important part of Ford Otosan’s production facilities network, our company’s engineering and production experience will be carried to an international dimension. Tofaş displayed successful financial and operating results in this period as well, maintaining its leadership in Turkey’s automobile and light commercial vehicle market, which it has maintained for three years under the Fiat brand.” gave the information.
Tüpraş signed a license agreement with Honeywell
Reminding that the process regarding the transfer of Entek shares to Tüpraş in line with the goal of conducting the activities of Koç Group Energy Group companies more effectively, Çakıroğlu continued as follows: “To be submitted to the approval of the shareholders at the extraordinary general assembly meetings of Koç Holding, Aygaz and Tüpraş to be held on August 25, 2022. We are preparing to transfer the shares of Entek in Koç Holding and Aygaz to Tüpraş, thus, we will have realized an important move of our Carbon Transformation Program together with our Group’s growth strategy in sustainable and renewable energy sources. Tüpraş accelerated its investments in line with the Strategic Transformation Plan. Tüpraş, which took another important step in this period, signed a license agreement with Honeywell, one of the technology companies, as part of its plan to produce sustainable aviation fuel.” Noting that Yapı Kredi maintained its strong performance in the said period, Çakıroğlu noted that Yapı Kredi, which continued to add value to all stakeholders, especially the national economy, in the first half of the year, maintained its strong performance and raised its indicators on the capital and liquidity side to even higher levels. . Emphasizing that they are carrying the Group to the future with firm steps, Çakıroğlu said: “With the awareness that past and current successes are not a guarantee of future success, we are carrying our Group to the future by strengthening our competencies in R&D and innovation. We try to make the most efficient use of national and international support mechanisms in our innovation and innovation efforts.With this understanding, we prioritize participation in the EU Framework Programs, the world’s largest civil research and innovation program. In the Horizon 2020 program carried out between 2014-2020, Koç University has 54 and our companies It participated with 75 projects. Thus, Koç Group companies took place in the top 4 of the ‘Horizon 2020 Most Successful Turkish Industrial Organizations’ list published by TÜBİTAK, and Koç University is by far the most successful university in the list published by TÜBİTAK. it had been. With the same motivation, we made a quick start to the Horizon Europe framework program carried out in the 2021-2027 period. Recently, we announced that we have created a special mentoring program in which our experienced colleagues, who take active roles in the framework programs, will take part in order to provide active support to our stakeholders in the Horizon Europe process.”