TÜPRAŞ preserves place at top of ‘500 largest’ list dominated by Koç Group

Turkey’s sole refinery TÜPRAŞ has kept its place at the top of Turkey’s 500 Largest Industrial Company list in 2013, one of five Koç Holding companies taking in the top 10.

According to the annual Istanbul Chamber of Industry’s (ISO) study, the refiner, a majority stake of which is owned by Turkey’s largest conglomerate Koç, one again became a champion of industry companies with a net production worth 39.7 billion Turkish Liras.

The top ranks of the list are once again dominated by Koç Holding, with a total of five companies from the group leading the frontrunners of Turkey’s industrial sector.

Ford Otosan, Koç’s joint venture with the American auto giant Ford, ranked second with manufacturing worth 9.7 billion liras, while Turkish state power company EÜAŞ followed in third place, at 9.2 billion liras.

Koç’s household appliances maker, Arçelik, and its venture with Italian automaker Fiat, Tofaş, ranked fifth and sixth in the list with production worth 7.7 and 5.8 billion liras respectively. Aygaz, Koç Holding’s gas company, also managed to make the ISO list, in 10th place.

Meanwhile, another car maker, Oyak Renault, a joint venture of Renault and Turkey’s Oyak, dropped from third in 2012 to fourth in 2013, recording annual production worth 8.6 billion liras.

Steelmaker İçdaş Çelik became one of the rising stars by leaping two places to rank seventh in the 2013 list, while its sector fellow Ereğli Demir Çelik kept its place in eighth spot.

In contrast with the production index, the ISO ranking based on profitability slightly changed.

While there were only two public companies among the “most...