Business

₺12 billion investment from Borusan in 3 years

BORUSAN Holding has determined the roadmap for the next three years. Announcing that they plan to invest ₺12 billion in the 2022-2024 period, Borusan Holding Group Senior Manager Erkan Kafadar said, “We will make 80% of the investment domestically and 20% abroad.”

While the company’s investments are concentrated in the energy, logistics, machinery and power systems, automotive and production sectors, Kafadar announced that they have focused on investments in new areas. In this context, the Group aims to grow in “basic”, “near” and “new” areas, while preparing to invest in corporate venture capital and start-ups.

Borusan, which increased its net consolidated turnover to ₺47 billion by 2021, increased its EBITDA from ₺2.6 billion to ₺5.1 billion. The goal of the holding is to increase its consolidated net sales to ₺82 billion this year. In 2021, nearly 50% of the holding’s total turnover came from the production side.

Source: Sabah / Translated by Irem Yildiz

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