Borsan, which has a strong and competitive position in our country and in the wide export geography covering over 80 countries with its 40-year deep-rooted history, moved up its place in the “Turkey’s Top 500 Industrial Enterprises” ranking by 73 places. Borsan, which ranks 383rd in the ISO 500 list with a total turnover of nearly 4 billion liras, has also succeeded in increasing its place in Turkey’s Top 1000 Exporters by 78 places. Borsan, which is included in the TURQUALITY® Program with its global brand Borsan Cable, aims to continue its growth momentum in the coming period and approximately double its export revenues on TL basis in 2024; It aims to double its production capacity by 2028 with its new investments.
Borsan, which carries out value-added exports to a wide geography covering more than 80 countries around the world, in addition to its strong position in our country with its 40-year deep-rooted history, continues its steady rise among Turkey’s 500 largest industrial enterprises.
Borsan, whose sales from production in 2023 reached 3,938,070,766 TL, an increase of approximately 75 percent compared to the previous year, and its export revenues exceeded 2 billion TL, with an increase of 54 percent compared to the previous year, was named “Turkey’s leading company” by the Istanbul Chamber of Industry. It succeeded in ranking 383rd by jumping 73 steps up in the “Top 500 Industrial Enterprises 2023” ranking. With this success, Borsan reinforced its place among Turkey’s top 400 exporting companies with its position among our country’s top 400 industrial enterprises. With its global brand Borsan Cable, again in 2023, T.R., which includes the most prestigious companies of Turkey. Borsan, which has been accepted to the TURQUALITY® Program of the Ministry of Industry, aims to continue its growth momentum in the coming period and to approximately double its export revenues on TL basis in 2024. Another goal of Borsan is to double its production capacity by 2028 with new investments.
70 Percent Compound Annual Growth Rate in the Last 5 Years
Borsan CEO Arbek Akay emphasized that the compound annual growth (CAGR) of the company’s turnover in the last 5 years has been over 70 percent and said, “We aim to maintain this stable performance with increasing momentum, from our customers to our employees, from our business partners to the local communities in which we operate.” “We aim to maximize the values we offer to our stakeholders and our country’s economy as a World Brand,” he said.
Arbek Akay continued his words as follows: “The solid steps we have taken in the journey of Borsan, Turkey’s 40-year-old industrial power, to become a World Brand, are reflected in our successive successes. In 2023, which was marked by natural disasters and regional conflicts, we recorded a growth of approximately 75 percent in our total turnover and approximately 54 percent in our export revenues. In addition, we are proud to be accepted into the TURQUALITY® Program, which is considered the champions league of Turkish brands. We direct more than half of our products, which we produce at international quality standards, to export. With a strong portfolio of more than 350 international customers, we export value-added to a wide geography covering more than 80 countries on 4 continents and are the market leader in more than 10 countries. We aim to grow our exports with even greater momentum in the coming period, to become even stronger in global markets and to increase the number of countries in which we are market leaders. “We will continue our growth in the Turkish market, where we have a strong position.”
Target to Doubling Production Capacity by 2028
Borsan CEO Arbek Akay stated that the company made a total green energy investment of 300 million TL in 2023 and said, “Our most important investment in 2023 was within the scope of our 100 percent renewable energy transition in the field of Sustainability, which we put at the center of our business. With our goal of becoming a global brand, we adopt an integrated management approach in our business and sustainability strategies. Beyond creating direct solutions to our energy costs, we prioritize 100 percent renewable energy and energy efficiency issues on the way to zeroing our carbon footprint. Our 3.2 Megawatt factory Roof Solar Power Plant investment was completed and started production in 2023. There are only a few days left until our 10 Megawatt Solar Power Plant field becomes operational in Çorum. “With these investments, we will meet 100 percent of our electricity consumption from renewable energy in 2024, when we celebrate our 40th anniversary, and we will reach an installed capacity of 13.2 Megawatts,” he said