OYAK's asset
OYAK

@oyak.com.tr

OYAK is a complementary professional pension fund whose examples are quite common in developed economies and which was established so as to provide additional benefits to its members in case of retirement, death and invalidity.

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About

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OYAK (Ordu Yardımlaşma Kurumu) is a Turkish conglomerate founded in 1961. It was initially formed to provide social security and welfare services to the personnel of the Turkish Armed Forces. However, over the years, the company has diversified its activities, becoming one of the largest conglomerates in Turkey.


OYAK is headquartered in Ankara, the capital city of Turkey. Its headquarters, commonly known as OYAK Center, is a modern and prominent building that houses the company's executives and administrative staff. The conglomerate operates in various sectors including mining, cement, automotive, energy, finance, and real estate.


Some of its main products and services include iron and steel products, cement, automotive components, energy generation, insurance, and banking services. OYAK has numerous subsidiaries, joint ventures, and partnerships that contribute to its extensive operations on a global scale. One of the notable subsidiaries of OYAK is Erdemir Group, which is one of the largest steel producers in Turkey.


OYAK also collaborates with global automotive companies, such as Renault and Hyundai, through joint ventures to manufacture and distribute vehicles in Turkey. In terms of market position, OYAK has a significant presence both domestically and internationally. The company has achieved impressive growth and success over the years.


It has become a major player in the Turkish economy, contributing significantly to employment and economic development. OYAK's global sales have also been noteworthy, with its diverse portfolio of products and services catering to a wide range of industries. OYAK has achieved several milestones and accomplishments throughout its history.


It has continuously adapted its strategies and diversified its product lineup to stay competitive in the market. The company has embraced technological advancements and sustainable practices to foster growth and innovation. Currently, OYAK's latest updates and key information include its investments in renewable energy and its focus on sustainable development.


The conglomerate has been actively expanding its presence in the energy sector, with investments in wind and solar power plants. OYAK is committed to reducing its carbon footprint and contributing to a greener future. In conclusion, OYAK is a prominent Turkish conglomerate with a diverse range of products and services.


With a strong market position and notable global operations, the company continues to thrive and make significant contributions to the Turkish economy. Its focus on sustainability and innovation positions it well for future growth and success

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Company Type

Privately Held

Company Size

10,001+

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