Turkey's Koc Holdıng To Invest Try2.2 Bln In 2010
Turkey's largest conglomerate by sales, Koc Holding (KCHOL
Turkey's largest conglomerate by sales, Koc Holding (KCHOL.IS), plans to invest 2.2 billion Turkish lira ($1.45 billion) this year, business daily Dunya reported Chief Executive Turgay Durak as saying.
The company will continue to focus on energy, automotive, consumer durablesfinancial sectors, he said.
The holding aims to increase its consolidated revenue by 18%operating profit by 20% this year, Durak also said, according to the daily.
He didn't give comparative figures.
Companies operating under Koc Holding include Ford Motor Co. (F)Tofas (TOASO.IS) in the automobile sector; Arcelik AS (ARCLK.IS), Beko (BEO.XE)Demirdokum in the durable goods sector;Yapi Kredi (YKFIN.IS)Koc Finansal in financial services.
Koc Holding owns Turkish oil refiner Turkiye Petrol Rafinerileri AS (TUPRS.IS), or Tupras,fuel retailer Opet.
The holding company has over 14,000 dealers, branches, agenciesretail-chain stores in Turkey, as well as operations in 30 countries. Koc Holding also carries out export activities in over 100 countries.
(SB-SB-ENG)
The company will continue to focus on energy, automotive, consumer durablesfinancial sectors, he said.
The holding aims to increase its consolidated revenue by 18%operating profit by 20% this year, Durak also said, according to the daily.
He didn't give comparative figures.
Companies operating under Koc Holding include Ford Motor Co. (F)Tofas (TOASO.IS) in the automobile sector; Arcelik AS (ARCLK.IS), Beko (BEO.XE)Demirdokum in the durable goods sector;Yapi Kredi (YKFIN.IS)Koc Finansal in financial services.
Koc Holding owns Turkish oil refiner Turkiye Petrol Rafinerileri AS (TUPRS.IS), or Tupras,fuel retailer Opet.
The holding company has over 14,000 dealers, branches, agenciesretail-chain stores in Turkey, as well as operations in 30 countries. Koc Holding also carries out export activities in over 100 countries.
(SB-SB-ENG)