Koç Holding

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Koç Holding A.Ş. is the top industrial conglomerate in Turkey. The Koç family, Turkey's wealthiest dynasty, controls the company with its headquarter in Nakkaştepe, Istanbul. Vehbi Koç, who established his first firm in 1926, collected all of the companies bearing his name under the roof of Koç Holding on November 20, 1963 in order to centrally manage these companies and to provide optimum source allocation.

Koç Holding operates in the automotive, durable goods, food, retailing, energy, financial services, tourism, construction and IT industries. The Holding serves the group as the decision making body in charge of identifying strategies and controlling, coordinating and providing direction to its activities. The Holding also formed a unit for long-term business planning in order to align business decisions with national development plans.

The shares of 14 Koç Group companies are traded at the Istanbul Stock Exchange and the Group has consolidated 106 companies, 62,000 employees and 12,000 dealers as well as agencies and after-sales services.

1 Headquarters
2 Top management
3 Competitors
4 Fields of activities
5 Education
6 Recent activities
7 Group companies
- 7.1 In Turkey
- 7.2 Abroad
8 External links
9 References

[edit] Headquarters

Koç Holding, previously located in Fındıklı, Istanbul, moved to its new headquarters on September 12, 1988 and continues its activities at its present location in Nakkaştepe on the Anatolian part of Istanbul.

[edit] Top management

Vehbi Koç, a firm believer in the corporate spirit, handed his position as chairman of the board over to his son Rahmi M. Koç in 1984. Rahmi Koç retired on April 4, 2003 and handed his position over to his eldest son Mustafa V. Koç.

Rahmi Koç is still honorary chairman and a member of the board of directors. Currently, Holding’s CEO is F. Bülend Özaydınlı.

[edit] Competitors

Main competitor of Koç Holding is Sabancı Holding, Turkey's second largest group of companies.

[edit] Fields of activities

Automotive: Passenger cars, commercial vehicles, farm tractors and equipments, components
Durable Goods: refrigerator, washing machines, dishwashers, ovens and cookers, televisions, air conditioners, PCs, small household appliances including vacuum cleaners,
Food: Pasta, fresh and processed meats, dairy products, tomato paste, ketchup and preserved foods, livestock farm, vegetable seeds, supermarket and shopping mall chain, Do-It-Yourself hypermarkets, real estate development and management,
Financial: Banking, brokerage, asset management, factoring, leasing, insurance, consumer finance,
Energy: Liquified petroleum gas (LPG) distribution, LPG storage, pressure reducing and heating equipment, electricity production, industrial and special gases distribution, coal, iron ore, copper and zinc mining,
Tourism. Marina operation, accommodation, food and beverage, patisserie products, travel agency, duty free operations, car rental,
Construction: Shipbuilding, insulation materials, radiators, water heaters, contracting,
International trade: International trade activities, distribution, representations, logistics, trade finance,
Information technologies: Systems integration, services, concultancy and outsourcing, managed network services, ISP and VISP services, hosting, application services provider infrastructure services, B2B and B2C platforms, training and e-learning, cable TV operator, venture capital projects.

[edit] Education

The Koç School (elemantry and high school) and The Koç University was establishd by Vehbi Koç Foundation.

[edit] Recent activities

Koç Holding started the year, 2006 with a gigantic move. During the spree of privatizations, Koc Holding acquired TUPRAS, the largest company in Turkey according to ISO report of 2005. TUPRAS has investments in the area of oil distillation, exploration and transportation.

Koc Holding also bought Yapı Kredi Bankasi, previously belonging to Çukurova Holding, a leading conglomerate which was recently confisticated by BDDK (Turkish Board of Banking Regulations) for lacking the needed financial structure. Kocbank branches are being transformed into Yapı Kredi and a colossal advertising campaign is underway.