Alarko Holding, One Of The Most Well-established Organizations in Turkey, is Celebrating Its 70th Anniversary With New Investments, New Goals, and a New Logo.

Alarko Holding, founded to support the vision of a stronger Turkey during a pivotal era of industrialization in our country, is celebrating its 70th anniversary. Alarko Holding has grown alongside the Republic and evolved into a group of companies serving worldwide in 70 years. It is taking firm steps towards becoming a centennial company with its products, services, and projects that significantly contribute to the economy, environment, and society. In its 70th year, Alarko Holding adopted “Value, Redefined" as its brand slogan, and revised its corporate identity and logo to align with this vision. Moving forward, it will continue to prioritize creating value for the economy, people, and the planet, just as it has done in the past.

Continuing its journey of growth and transformation, driven by the visionary philosophy of its founders and its deep-rooted corporate history, Alarko Holding remains committed to creating value for the economy, people, and the planet. Today, it operates with 41 affiliates across 7 business lines. Ümit Nuri Yıldız, CEO of Alarko Group of Companies, stated, "We are proud to celebrate our 70th anniversary as one of the symbolic institutions of our Republic. With major investments in key sectors such as tourism, energy, industry, agriculture, infrastructure projects, and aviation, our strong presence in diverse geographies, and nearly 7,000 employees, we continue to drive development and growth." Being a 70-year-old brand is a significant achievement not only for our country but also on a global scale. We embrace this responsibility in our journey of growth and transformation, making new investments and setting ambitious goals for organization, sustainability, technology, and innovation. In our 70th year, we are now symbolizing this committed journey, whose results we have already begun to see clearly, with our new logo.

Alarko's journey, which commenced in 1954 through the pioneering efforts of the late Dr. Üzeyir Garih and İshak Alaton to foster Turkey's economic growth and improve quality of life, has now reached its 70th anniversary. Since its inception, Alarko Holding has consistently upheld quality, trust, and dignity as its core values. The company has demonstrated its commitment to these principles through its products and services and now taking decisive steps to become a centennial institution in line with its new strategic plan.

Alarko Holding's objective is to become an international portfolio company with a net asset value of USD 4 billion by 2028. To achieve this, the company plans to make additional investments in line with its new strategy. It aims to generate 50 percent of this value from existing sectors, 40 percent from new business lines, and 10 percent from the Investment Group, which supports high-potential initiatives.

In his remarks, Ümit Nuri Yıldız, CEO of Alarko Group of Companies, emphasized that as an organization with a strong foundation and a timeless philosophy, they are focused on the future in their 70th year: “We are proud to celebrate our 70th anniversary as one of the symbolic institutions of our Republic. With major investments in key sectors such as tourism, energy, industry, agriculture, infrastructure projects, and aviation, our strong presence in diverse geographies, and nearly 7,000 employees, we continue to drive development and growth. Being a 70-year-old brand is a significant achievement not only for our country but also on a global scale. To maintain this success, it is crucial to have the capacity for transformation. We are committed to adapting to the ever-changing dynamics of our era. As we embark on our 360-degree transformation journey, we are repositioning our value proposition to better serve our country and the world. We embrace this responsibility in this journey, making new investments and setting ambitious goals for organization, sustainability, technology, and innovation. In our 70th year, we wanted to symbolize this committed journey, whose results we have already begun to see clearly, with our new logo. I hope that the new Alarko logo will usher in new achievements for our brand and all our stakeholders, enduring for many years to come.”

Ümit Nuri Yıldız: “We have added agriculture, aviation, and energy storage systems to our strategic sectors."
Ümit Nuri Yıldız noted that in 2021, they set a new roadmap in line with their goal of becoming an international investment portfolio company: “At Alarko Holding, we are driven by a vision to create multidimensional value for our country's economic growth, social development, and the sustainability of our world. To that end, we have added agriculture, aviation, and energy storage systems to our strategic sectors.” Today, we are proud to be the company with the largest modern greenhouse in Turkey. Our objective is to reach a greenhouse size of 10,000 decares by 2028, with the new investments we will make in our country and Kazakhstan. We aim to become one of the top three global players in this field. Recently, we entered into a partnership agreement with the Gotion Group. We have plans to establish an energy storage systems assembly factory and a lithium-ion prismatic battery production factory in Turkey. We started working with an engineering company in the UK in the field of aviation. Our objective is to convert wide-body passenger airplanes into cargo airplanes and return them to the economy.”

Yıldız proceeded to outline the company's achievements, stating that they had implemented a comprehensive transformation across all activity groups and achieved new successes in collaboration with affiliated companies: “We have defined a strategy based on achieving our 2050 net zero target with our new investments, which will have a positive impact. We will make further investments in renewable energy, particularly wind and solar energy. Tourism is a vital contributor to the sustainable development of our country. Our Hillside brand has become a leading example in the sector, achieving international success in its category. We will shortly be launching this successful service model in Bodrum, Gundogan. Our objective is to expand the Hillside brand into a chain of at least five to six hotels by 2030, including the new investment we are planning abroad.”

Battery production facility investment in the energy sector

In formulating its new investment plans for the energy sector, Alarko is taking a forward-thinking approach to integrating renewable resources into the economy. The company is committed to achieving high efficiency in all its activities. Alarko Energy Group employs a strategy of diversifying its portfolio and total generation capacity with clean energy sources to identify and capitalize on domestic and international opportunities with high return potential. The company currently meets approximately 3 percent of Turkey's daily electricity consumption with its installed capacity of over 1,500 MW. Alarko has reached 2.5 million subscribers in the region, which includes Konya, Karaman, Aksaray, Niğde, Kırşehir, and Nevşehir, with its electricity distribution service. The company distributes 11 GW of electricity annually.

Alarko Energy Group, a company consistently adapting to the evolving expectations of the modern age, shifting consumer demands, and the imperative of sustainability for the future of our planet, has decided to invest in the field of "energy storage systems" as part of its five-year strategic roadmap prioritizing efficiency. Alarko has entered into a joint venture with Gotion Group, a leading global technology and battery manufacturer, to establish an energy storage systems and lithium-ion battery production line in Turkey. The first phase of the project will involve the establishment of a 1 GW assembly plant. The facility is planned to evolve into a 5 GW production and sales factory in the long term, with the establishment of an R&D center in the second phase. Alarko Energy Group has identified its target markets in this field as Europe, North Africa, CIS countries, the Middle East, and Turkey.

Aiming for the top three in the world with 10 thousand decares of greenhouse investment in the agriculture sector

Alarko Holding has identified the agricultural sector as a key area for growth and has taken steps to become an effective corporate player in this field. The company is committed to contributing to women's employment and sustainable food and food safety goals and is continuing to expand its operations in this area. Alarko Agriculture Group is at the forefront of transforming the sector with its environmentally friendly and sustainable business model, implemented in greenhouses where geothermal resources are used with a circular approach. Alarko has set a goal of reaching 5,000 decares of greenhouses by 2028. To achieve this, the company is preparing to carry out greenhouse farming activities on an area of 5,000 decares in Kazakhstan. Alarko's objective is to secure a position in the top three global greenhouse operators, with a total investment of 10,000 hectares and an estimated investment of 1.1 billion dollars.

Dried food plant in Ereğli

Alarko's long-term strategy is to become a full-service provider in the agriculture and food industry, offering a comprehensive range of products and services. Once the Ereğli dried food factory is operational, the company plans to market its dried fruits and vegetables to industrial customers through a B2B approach. Alarko Agriculture Group is a leading exporter of agricultural products, with a current export portfolio of 15 countries.

An investment in organomineral fertilizer and seed production

Alarko is committed to working with the principle of zero waste in agriculture. To this end, the company will also produce organomineral fertilizer by composting the agricultural waste generated in its greenhouses. The company will utilize this fertilizer in its greenhouses and invest in seed breeding and production to be present comprehensively in the agricultural industry.

Alarko Investment Group invests in companies that create value

Alarko Investment Group is pursuing an expansion of its international investment portfolio, with a focus on medium- and long-term investment initiatives. The Group manages approximately USD 42.5 million in funds, to expand its sphere of influence through investment in successful public or private companies and start-ups that will contribute to the Group's growth, align with its existing business lines, and have the potential for development.

Building cargo airplanes in the aviation industry

In alignment with its sustainable investment vision, last year, Alarko announced its intention to become a prominent player in the aviation sector. The company plans to convert passenger airplanes into cargo airplanes, with the goal of converting 10 to 20 airplanes per year, depending on market demand. This initiative is designed to contribute to the economy by increasing the utilization of existing aircraft.

Approximately 300-400 mn USD investment in the tourism sector.

Alarko has introduced the concept of "leisure" to Turkey with its Hillside brand in the field of tourism. The company is further increasing the momentum it has achieved in its growth plans with the hotel investment under construction in Bodrum Gündoğan. The Group's objective is to transform the Hillside brand into a chain of at least five to six hotels through domestic and international investments. To this end, an investment budget of approximately USD 300-400 million has been allocated. The aim is to increase the weight of tourism in the portfolio to 10%.

Export champion for 10 years

Alarko Industry and Trade Group, the export champion for 10 consecutive years, offers a comprehensive range of production, import, sales, and after-sales services for heating, cooling, ventilation, and water pressurization, supported by its extensive network of 272 dealers and 306 service locations across Turkey. In the final quarter of 2023, Alarko Industry and Trade Group expanded its product range to include photovoltaic panels, aligning with the Group's renewable energy strategies. The company plans to launch complementary products, such as inverters, cabling, and storage, to enhance the sales of solar panel systems in 2024.

Selective approach to contracting

Alarko has successfully implemented public-private partnerships, build-operate-transfer, and turnkey projects in Turkey and abroad, adhering to the principle of "Quality in Service and Production." The company currently ranks 127th on the ENR 2023 list of "The World's 250 Largest International Contractors," with a current business volume of USD 250 million in the contracting business line. Alarko Contracting Group, which has identified Uzbekistan as a key market in addition to Turkey, Romania, and Kazakhstan, where it currently continues its business development activities, is seeking to participate in projects with high return expectations in the new period through a selective approach.