Turkey's Top 10 Companies By Revenue: The Biggest Turkish Companies List

The 10 biggest companies operating in Turkey by Revenue in 2018 (Production based sales) has been as follows:

Tupras
Ford Otomotiv

Toyota Turkey
Oyak Renault
Tofas Turk Otomobil

Arcelik
Iskenderun Demir Celik
Eregli Demir Celik

Icdas Celik
Hyundai Assan Otomotiv

Top 10 Biggest Companies in Turkey are from Petroleum, Automotive, ,steel and Home Appliances sectors.

We added more updated list for 2019 including the top 100 biggest companies in Turkey in this post.

1) Tupras Refineries

Tupras is the largest company in Turkey by Revenue. Operating Petroleum refineries, Izmit Refinery, Izmir Refinery, Kirikkale Refinery, and Batman Refinery in Turkey with around 30 million Tons capacity. Tupras Headquartes is in Kocaeli Province of Turkey.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
89.093.033.486	4.935	2.469.739

2) Ford Otosan

Ford Otosan (Ford Otomotiv Sanayi A.Ş.), is a publicly traded (18%) company, where Ford Deutschland Holding GmbH (41%) and Koç Holding A.Ş.(41%) have equal shares. Ford Otosan, being one of the top 3 exporting companies of Turkey since 2004, has achieved 8 consecutive years automotive industry championship and is Turkey’s export champion for 4 years in a row.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
33.611.763.475	10.967	5.682.762

3) Toyota Turkey

Toyota Motor Manufacturing Turkey is one of Toyota’s vehicle production bases in Europe. Located in Arifiye /Sakarya – Turkey, Toyota Turkey manufactures Corolla and Toyota C-HR models. Majority of the production is exported to around 150 countries.

Toyota Turkey, owned by Toyota Motor Europe NV/SA (%90), and Mitsui & Co., Ltd. (%10), has a total investment of 2,08 Billion Euro, and currently employees more than 5,000 people.

Dedicated to best quality production with the contribution of all members, Toyota Turkey applies the Toyota Production System (TPS) to its manufacturing processes from the very first day of the start of its operation.

Today, with an increased annual production capacity of 280,000 units, Toyota Motor Manufacturing Turkey (Toyota Turkey) is the biggest manufacturing operation of Toyota in Europe, and one of the biggest manufacturing companies of Turkey.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
23.778.330.493	> 5.000	4.325.047

4) Oyak Renault Turkey

Established in 1969. It is one of the largest factories of Renault outside of Western Europe with a production capacity of 360.000 automobiles a year and 750.000 engines a year.

Situated in Bursa province, 150 km south of Istanbul.

Manufactured Car Models are: Clio IV, Clio Grand Tourer, New Megane Sedan

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
20.242.380.719	7.270	3.363.034

5) TOFAS Turk Automotive

Founded in 1968, Tofaş is the only company in Turkey that manufactures both passenger cars and light commercial vehicles.

Tofaş is a Koç Holding and Fiat Chrysler Automobiles (FCA) partnership in which each controls an equal stake. With 24.3% of its capital publicly-traded, Tofaş’s shares are included in both the Borsa İstanbul BIST 30 and the BIST 100 indexes as well as in that exchange’s Corporate Governance Index and Sustainability indexes.

With an annual production capacity of 450 thousand vehicles and with nearly 7 thousand employees, Tofaş is Turkey’s fifth biggest industrial enterprise. Headquartered in İstanbul, the company continues to enhance its competitive strength through investments while carrying out its manufacturing operations at its Bursa plant occupying about 1,000,000 m2 of grounds.

One of the important strategic production facilities of Fiat Chrysler Automobiles around the world, Tofaş is also one of the biggest R&D center in Europe.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
19.795.400.180	8.818	3.069.503

6) Arcelik Home Appliances

Year of Establishment: 1955
Headquarters: Istanbul, Turkey

Having operations in durable consumer goods industry with production, marketing and after-sales services, Arçelik A.Ş. offers products and services around the world with its 30,000 employees, 18 different production facilities in 7 countries (Turkey, Romania, Russia, China, South Africa and Pakistan), its 34 sales and marketing companies in 32 countries all over the world and its 11 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy , Dawlance and Altus) serving products and services in more than 145 countries.

Global Operational Network : 18 production facilities in 7 countries, 34 sales and marketing companies in 32 countries , products and services in more than 145 countries.

International Markets:

Arçelik A.Ş.

Industry leader with a market share exceeding 50% in Turkish white goods, built-in appliances and air-conditioners markets and fastest growing brand with a market share of 28% in TV market,
Europe’s number three white goods brand in terms of total sales,
Market leader with Arctic and Defy in Romania and South Africa respectively,

Market leader with the acquisition of Dawlance, Pakistan’s leading white goods manufacturer.

Global brand Beko:

Number 2 brand in total European white goods market and leader in solo white goods market

Number 1 brand in the British white goods market
Number 1 brand in the Polish white goods market
Number 1 brand in French solo white goods market.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
19.400.128.397	16.745	2.058.388

7) Iskenderun Demir Celik (Steel Manufacturer)

One of the OYAK Mining Metallurgy Group companies, İsdemir is our country’s third oldest integrated iron and steel plant by its establishment date and the largest by its long product manufacturing capacity. İsdemir is Turkey’s only integrated plant that produces long and flat products with a hot rolling capacity of 3.5 million tons/year commissioned in 2008.

İsdemir was established on 3 October 1970 by the Mediterranean coast in the south of Turkey, in Payas (Yakacık), 17 km to İskenderun. At the time, the plant was founded on a total area of 16.75 million m2, including social facilities (plant’s area: 6.8 million m2).

Commissioned in 1975 with a steel bloom production capacity of 1.1 million tons/year, İsdemir’s production capacity was increased with a plant extension to 2.2 million tons/year as of 1985.

Founded to produce long products such as pig iron, blooms, billets and reinforcing bars at international standards, İsdemir uses coke – sinter – blast furnace – steelworks – continuous casting and hot rolling processes for production.

Products are sold to the national market and exported all over the world, primarily to Southern Europe and Middle Eastern countries.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
15.804.178.541	4.781	681.077

8) Eregli Demir Celik (Steel Manufacturer) Turkey

Erdemir, the main company of the OYAK Mining Metallurgy Group and one of the most valuable industrial assets of Turkey, was established in 1960 under a special law, in order to be the first domestic producer of flat steel, which the Turkish industry necessitates at that time. Erdemir produces plates, hot and cold rolled, tin, chromium and zinc coated flat steel and supplies basic inputs to automotive, white goods, pipes and tubes, rolling, manufacturing, electrics-electronics, mechanical engineering, energy, heating equipment, shipbuilding, defense, and packaging industries.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
20.701.020.749	5.945	344.887

9) Icdas Steel & Energy

Eldest of the family, Koca Mustafa Bey arrives to Istanbul to start vessel repair business in 1880s. Aslan family enters into casting machinery field in 1954 and sets up the first rolling mill in 1961. And in 1969, İstanbul Çelik Demir İzabe Sanayi Inc. is established.…

Icdaş, have been producing construction steel and alloyed steel since 1970, is the second biggest steel producer of Turkey with its production capacity.

ICDAS ranked in the 6th place among the 500 Biggest Industrial Enterprises of Turkey including the public sector in 2014, according to the determinations of Istanbul Chamber of Industry (ISO), has around 10.000 employees together with the group companies.

Being aware of the strategic significance of national steel industry for the Turkish economy and being devoted to its roots, ICDAS is the technology and quality leader in the steel industry.

Leading sector in the economies of the developed countries has always been the steel industry. Our world is developing under the glow of steel. ICDAS, being the biggest private steel producer of our country, contributes to the target of our country of reaching the level of contemporary civilizations with its elbow grease at the steel ladle.

İÇDAŞ, while meeting the world quality standards with integration and use of technology in Çanakkale investments, it also became a reputable institution in the world steel league with the competitive strength it has created, and also made a significant contribution to the global competitive strength, reflecting the future of our country.

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
11.957.290.261	4.730	1.176.033

10) Hyundai Assan Turkey

Hyundai was founded in Turkey in 1990. Since 2002 exported more than 1.5 million cars.

Hyundai Turkey known as Hyundai Assan is owned by Turkish Kibar Group (30%) and Hyundai Motor (70%).

Total area of production: 1.000.000 sqm

Net Sales (TRY)	Number of Employees	Exports (Thousand $)
13.596.674.250	2.800	1.993.557

More Top Companies in Turkey:

11	Çolakoğlu Metalurji A.Ş.	10.469.172.006
12	Mercedes-Benz Türk A.Ş.	9.159.029.701
13	PETKİM Petrokimya Holding A.Ş.	7.870.226.417
14	Vestel Elektronik San. ve Tic. A.Ş.	7.775.357.036
15	Aselsan Elektronik San. ve Tic. A.Ş.	7.593.473.730
16	İstanbul Altın Rafinerisi A.Ş.	7.560.563.835
17	BSH Ev Aletleri San. ve Tic. A.Ş.	7.344.647.258
18	Aygaz A.Ş.	6.926.502.979
19	Borçelik Çelik San. Tic. A.Ş.	6.378.613.632
20	Tosçelik Profil ve Sac Endüstrisi A.Ş.	6.078.515.748
21	Vestel Beyaz Eşya San. ve Tic. A.Ş.	5.979.397.524
22	TUSAŞ-Türk Havacılık ve Uzay Sanayii A.Ş.	5.959.686.554
23	KARDEMİR Karabük Demir Çelik San. ve Tic. A.Ş.	5.545.602.546
24	Er-Bakır Elektrolitik Bakır Mamulleri A.Ş.	5.449.241.461
25	Unilever San. ve Tic. T.A.Ş.	5.363.663.644
26	Sarkuysan Elektrolitik Bakır San. ve Tic. A.Ş.	5.229.367.869
27	Eti Maden İşletmeleri Genel Müdürlüğü	4.726.437.481
28	Bosch San. ve Tic. A.Ş.	4.711.859.582
29	Eren Enerji Elektrik Üretim A.Ş.	4.635.549.539
30	Kroman Çelik Sanayii A.Ş.	4.602.425.191
31	Milangaz LPG Dağıtım Tic. ve San. A.Ş.	4.494.305.244
32	Assan Alüminyum San. ve Tic. A.Ş.	4.436.789.031
33	EÜAŞ Elektrik Üretim A.Ş. Genel Müdürlüğü	4.421.971.307
34	Baştuğ Metalurji Sanayi A.Ş.	4.109.118.141
35	Yücel Boru ve Profil Endüstrisi A.Ş.	3.934.190.335
36	İzmir Demir Çelik Sanayi A.Ş.	3.932.165.690
37	Eti Gıda San. ve Tic. A.Ş.	3.929.465.041
38	Türkiye Şeker Fabrikaları A.Ş.	3.781.396.647
39	Enerjisa Enerji Üretim A.Ş.	3.773.436.052
40	Philsa Philip Morris Sabancı Sigara ve Tütüncülük San. ve Tic. A.Ş.	3.746.615.463
41	AKSA Akrilik Kimya Sanayii A.Ş.	3.664.920.993
42	Türkiye Petrolleri Anonim Ortaklığı	3.555.319.581
43	Diler Demir Çelik Endüstri ve Ticaret A.Ş.	3.511.486.567
44	Konya Şeker San. ve Tic. A.Ş.	3.460.111.732
45	Yıldız Entegre Ağaç San. ve Tic. A.Ş.	3.439.049.615
46	Kastamonu Entegre Ağaç San. ve Tic. A.Ş.	3.425.341.179
47	Hayat Kimya Sanayi A.Ş.	3.261.322.261
48	Türk Traktör ve Ziraat Makineleri A.Ş.	3.258.833.885
49	Otokar Otomotiv ve Savunma Sanayi A.Ş.	3.231.722.468
50	Coca-Cola İçecek A.Ş.	3.151.455.645