INTERNATIONAL CAPITAL IN TURKEY S INDUSTRIAL SECTOR

Transkript

1 INTERNATIONAL CAPITAL IN TURKEY S INDUSTRIAL SECTOR July 2009 AN EVALUATION OF THE FOREIGN CAPITAL COMPANIES AMONG 500 LARGEST INDUSTRIAL ENTERPRISES OF TURKEY Published by Istanbul Chamber of Commerce (ISO) since 1968, 500 Largest Industrial Companies represent more than half of the size of Turkey s industrial sector. In 2008 list, there are 148 companies with foreign capital. 18 of these 148 foreign capital companies are among the top 50 and account for 16% of total sales from production of 500 companies. Whereas the share of foreign capital in 107 of these 148 foreign capital companies is equal and above 50%, and the number of 100% foreign capital companies is 44. Share of foreign capital companies in the ISO-500 list with respect to: (%) (from production in Turkey) 22,2 28,1 32,7 32,9 29,7 24,5 28,5 41,0 40,6 35,7 20,8 26,3 39,5 36,2 34,7 30,8 60,8 37,0 34,8 35,0 Exports 29,1 37,5 45,7 47,4 43,2 Employment 14,6 19,2 28,4 28,9 30,0 In ISO-500 lists of previous years, there were 88 foreign capital companies in 1990, 110 in 1995, 131 in 2000, 140 in 2006 and 143 in The share of foreign capital companies in cumulative sales has varied between 35% and 41%, and in employment between 28% and 30%, during the last three years. Top 10 Foreign Companies based on (from production in Turkey) (from production in Turkey) (exc. VAT) Exports Employees (Mio. TRL) (Mio. USD) (Number of) Foreign (%) 1 FORD OTOMOTİV ,04 2 OYAK-RENAULT ,00 3 TOFAŞ TÜRK ,86 4 TOYOTA ,0 5 VESTEL ,59 6 UNİLEVER ,98 7 MERCEDES-BENZ ,99 8 İPRAGAZ A.Ş ,0 9 BSH EV ALETLERİ ,84 PHILSA PHILIP 10 MORRIS SABANCI ,00 YASED International Investors Association 1

2 In ISO-500 list, ranking companies according to sales from production, Ford Otomotiv has ranked as the largest foreign capital company and the third largest industrial company of Turkey after Tüpraş and EÜAŞ. Whereas Oyak-Renault ranks as the second largest foreign capital company and fourth in general ranking, Toyota Otomotiv is positioned as the third largest foreign capital company. Five of top 10 foreign capital companies are engaged in the automotive sector. As gross sales are evaluated, whereas Petrol Ofisi ranks as the largest foreign capital company regarding its gross sales, Ford Otomotiv follows suit and Oyak Renault ranks third. After Oyak Renault, we see Tofaş and Mercedes- Benz within the top 5. Top 10 Industrial Foreign Companies with Regard to Cumulative (excl. VAT) Exports Employees (Mio. TRL) (Mio. USD) (Number of) Foreign (%) 1 PETROL OFİSİ ,58 2 FORD OTOMOTİV ,04 3 OYAK-RENAULT ,00 4 TOFAŞ TÜRK ,86 5 MERCEDES-BENZ ,99 6 UNİLEVER ,98 7 TOYOTA ,0 8 VESTEL ,59 9 BSH EV ALETLERİ ,84 10 İPRAGAZ ,0 With approximately 9,000 employees, Ford Otomotiv, which ranks first in terms of production from sales, also ranks first in terms of generation of employment among foreign capital companies and comes after 5 state owned enterprises and Arçelik in overall grading. Top 10 Industrial Foreign Companies based on Number of Employees Number of Employees (exc. VAT) Exports (Mio. TRL) (Mio. USD) Foreign (%) 1 FORD OTOMOTİV ,04 2 TOFAŞ TÜRK ,86 3 OYAK-RENAULT ,00 4 DELPHİ AUTOMOTİVE ,0 5 BOSCH SANAYİ ,0 6 MERCEDES-BENZ ,99 7 VESTEL ELEKTRONİK ,59 8 BSH EV ALETLERİ ,84 9 HUGO BOSS TEKSTİL ,0 ALLİANCE ONE 10 TÜTÜN ,35 Among the foreign capital companies with highest employment figures, apart from companies operating in automotive sector, we see Hugo Boss from the textile-clothing and Alliance One from the tobacco sector. YASED International Investors Association 2

3 Looking at the companies in terms of the gross value added, Philsa Philip Morris Sabancı ranks first among foreign capital companies. Petrol Ofisi and Japon Tobacco International (JTI) come second and third. Top 10 Industrial Foreign Companies based on Generated (exc. VAT) Exports Employees (Mio. TRL) (Mio. USD) (Number of) Foreign (%) PHİLSA PHİLİP 1 MORRİS SABANCI ,00 2 PETROL OFİSİ ,58 3 JTİ TÜTÜN ÜRÜNLERİ ,0 4 FORD OTOMOTİV ,04 5 TOFAŞ ,86 6 MERCEDES-BENZ ,99 7 İPRAGAZ ,0 8 UNİLEVER ,98 9 BSH EV ALETLERİ ,84 10 OYAK-RENAULT ,00 In 2008, the share of foreign capital companies within total exports of ISO-500 companies has been realized as 43,27%. The top 50 foreign capital companies have also accomplished 28% of the exports made by all of the companies listed in ISO-500. The top 4 foreign capital companies in exports are again from the automotive sector; namely Ford, Oyak-Renault, Tofaş Türk and Toyota in decending order. Top 10 Industrial Foreign Companies based on Exports Exports (exc. VAT) Employees (Mio. USD) (Mio. TRL) (Number of) Foreign (%) 1 FORD OTOMOTİV ,04 2 OYAK-RENAULT ,00 3 TOFAŞ TÜRK ,86 4 TOYOTA OTOMOTİV ,0 5 PETROL OFİSİ ,58 6 VESTEL ,59 7 MERCEDES-BENZ ,99 8 İZMİR DEMİR ÇELİK ,15 9 BOSCH ,0 10 DİLER DEMİR ÇELİK ,00 Looking at the foreign capital companies in ISO 500 list by sectors, automotive is the sector that the foreign investors have the highest share by all indicators. In the automotive sector, foreign capital companies account for 85% of sales from production, 91% of exports, 77% of generated added value and 71% of employment. Other manufacturing industry sectors, in which foreign capital companies hold the highest shares with regard to sales from production are; paper, printing and publishing and metal products, machinery & equipment sectors. Regarding shares in value added, the leading automotive sector is followed by the food-beverages-tobacco and paper, printing and publishing sectors. YASED International Investors Association 3

4 Besides the automotive sector, foreign capital companies account for a considerable portion of exports in the paper, printing and publishing metal products and machinery & equipment sector as well. Regarding employment, again after automotive sector, in the chemicals, oil products, rubber and plastics sector, foreign capital companies have 42% share and in metal products, machinery & equipment sector have % 38 shares. The share of foreign capital companies in overall manufacturing industry is 29% in sales from production, 34% in value added, 43% in exports and 30% in employment. Share of Foreign Companies by Sectors in 2008 Number of Companies Share of Foreign Companies (%) Sector Foreign (from production) Exports Employment Mining & Quarrying ,15 5,48 5,24 1,62 Manufacturing ,31 34,28 43,15 30,05 Food, Beverages, Tobacco ,58 69,20 30,19 23,24 Clothing, Leather, Shoes ,57 8,55 6,44 8,94 Forestry Products & Furniture ,12 8,28 25,26 7,29 Paper, Printing & Publishing ,40 38,07 58,75 30,98 Chemicals, Oil Products, Rubber & Plastics ,43 20,45 32,44 42,17 Stone, Rock & Soil Products ,84 32,87 38,55 39,16 Basic Metals ,29 9,20 16,76 11,46 Metal Products, Machinery & Equipment ,24 35,76 42,18 37,69 Automotive ,60 77,01 90,79 70,86 Other Manufacturing Industries Electricity ,03 16,19 0 2,28 OVERALL ,67 34,73 43,23 30,21 YASED International Investors Association 4

5 ANNEX: FOREIGN CAPITAL COMPANIES IN ISO-500 LIST * Companies which were not on the list of the previous year Ranking Share of (from production Foreign in Turkey) (Mio. TRL) (%) FORD OTOMOTİV SANAYİ A.Ş , OYAK-RENAULT OTOMOBİL FABRİKALARI A.Ş , TOFAŞ TÜRK OTOMOBİL FABRİKASI A.Ş , TOYOTA OTOMOTİV SANAYİ TÜRKİYE A.Ş , VESTEL ELEKTRONİK SAN. VE TİC. A.Ş , UNİLEVER SANAYİ VE TİCARET TÜRK A.Ş , MERCEDES-BENZ TÜRK A.Ş , İPRAGAZ A.Ş , BSH EV ALETLERİ SAN. VE TİC. A.Ş , PHİLSA PHİLİP MORRİS SABANCI SİGARA VE TÜTÜNCÜLÜK SANAYİ VE TİCARET A.Ş , İZMİR DEMİR ÇELİK SANAYİ A.Ş , DİLER DEMİR ÇELİK ENDÜSTRİ VE TİC. A.Ş , COCA-COLA İÇECEK A.Ş , BORÇELİK ÇELİK SANAYİİ TİCARET A.Ş , BORUSAN MANNESMANN BORU SANAYİ VE TİCARET A.Ş , HYUNDAİ ASSAN OTOMOTİV SAN. VE TİC. A.Ş , BOSCH SANAYİ VE TİCARET A.Ş , HONDA TÜRKİYE A.Ş , AKÇANSA ÇİMENTO SANAYİ VE TİCARET A.Ş ,72 * AREVA T&D ENERJİ ENDÜSTRİSİ A.Ş , BRİSA BRİDGESTONE SABANCI LASTİK SAN. VE TİC. A.Ş , SİEMENS SANAYİ VE TİCARET A.Ş , TÜRK TRAKTÖR VE ZİRAAT MAKİNELERİ A.Ş , TÜRK PİRELLİ LASTİKLERİ A.Ş , DELPHİ AUTOMOTİVE SYSTEMS LTD. ŞTİ , ÜLKER ÇİKOLATA SANAYİ A.Ş , TRAKYA CAM SAN. A.Ş , TÜRK PRYSMİAN KABLO VE SİSTEMLERİ A.Ş , TAT KONSERVE SANAYİİ A.Ş , ARÇELİK-LG KLİMA SAN. VE TİC. A.Ş , GOODYEAR LASTİKLERİ T.A.Ş , NOKSEL ÇELİK BORU SANAYİ A.Ş , MAN TÜRKİYE A.Ş , JTİ TÜTÜN ÜRÜNLERİ SANAYİ A.Ş , C.P. STANDART GIDA SANAYİ VE TİCARET A.Ş , TÜRK DEMİR DÖKÜM FABRİKALARI A.Ş ,00 YASED International Investors Association 5

6 ENERJİSA ENERJİ ÜRETİM A.Ş ,00 * FRİTO LAY GIDA SANAYİ TİC. A.Ş , ÜLKER BİSKÜVİ SANAYİ A.Ş , COMPONENTA DÖKTAŞ DÖKÜMCÜLÜK TİCARET VE SANAYİ A.Ş , TÜRK HENKEL KİMYA SAN. VE TİC. A.Ş , PAŞABAHÇE CAM SAN. VE TİC. A.Ş ,58 * ,0 * , KENT GIDA MADDELERİ SANAYİİ VE TİC. A.Ş , BAYER TÜRK KİMYA SANAYİ LTD. ŞTİ ,0 * ECZACIBAŞI-ZENTİVA SAĞLIK ÜRÜNLERİ SAN. VE TİC. A.Ş , ANADOLU İSUZU OTOMOTİV SANAYİ VE TİC. A.Ş , ADVANSA SASA POLYESTER SANAYİ A.Ş , AUTOLİV CANKOR OTOMOTİV EMNİYET SİSTEMLERİ SAN. VE TİC. A.Ş , BETEK BOYA VE KİMYA SANAYİ A.Ş , İNDESİT COMPANY BEYAZ EŞYA SANAYİ VE TİCARET A.Ş , FEDERAL-MOGUL PİSTON SEGMAN VE GÖMLEK ÜRETİM TESİSLERİ A.Ş , NEXANS TÜRKİYE ENDÜSTRİ VE TİC. A.Ş , STARWOOD ORMAN ÜRÜNLERİ SANAYİ A.Ş , NOVARTİS SAĞLIK GIDA VE TARIM ÜRÜNLERİ SAN. VE TİC. A.Ş , DOĞAN GAZETECİLİK A.Ş , ARTENİUS TURKPET KİM. MAD. VE PET AMB. MLZ. SAN. A.Ş ,0 * , SCHNEİDER ELEKTRİK SANAYİ VE TİCARET A.Ş ,99 * PFİZER İLAÇLARI LİMİTED ŞİRKETİ , TİRE KUTSAN OLUKLU MUKAVVA KUTU VE KAĞIT SANAYİİ A.Ş , POLİNAS PLASTİK SANAYİİ VE TİCARET A.Ş , PERFETTİ VAN MELLE GIDA SAN. VE TİC. A.Ş , YAZAKİ OTOMOTİV YAN SANAYİ VE TİCARET A.Ş , İPEK KAĞIT SANAYİ VE TİC. A.Ş , MOBİL OİL TÜRK A.Ş ,99 * , ÇİMENTAŞ İZMİR ÇİMENTO FABRİKASI TÜRK A.Ş , BOSCH TERMOTEKNİK SAN. VE TİC. A.Ş , TUSAŞ MOTOR SANAYİİ A.Ş ,00 YASED International Investors Association 6

7 * , CİMPOR YİBİTAŞ ÇİMENTO SANAYİ VE TİCARET A.Ş , VİTRA KARO SAN. VE TİC. A.Ş , CARGİLL TARIM VE GIDA SANAYİ TİCARET A.Ş , OLMUKSA İNTERNATIONAL PAPER-SABANCI AMBALAJ SAN. VE TİC. A.Ş ,73 * ONTEX TÜKETİM ÜRÜNLERİ SAN. VE TİC. A.Ş , ARCELORMİTTAL AMBALAJ ÇELİĞİ SAN. VE TİC. A.Ş , SOFRA YEMEK ÜRETİM VE HİZMET A.Ş , TÜPRAG METAL MADENCİLİK SAN. VE TİC. A.Ş , BİZİMGAZ TİC. VE SAN. A.Ş ,15 * , DEMİRER KABLO TESİSLERİ SAN. VE TİC. A.Ş ,25 * ,5, BEYÇELİK GESTAMP KALIP VE OTO YAN SANAYİ PAZARLAMA VE TİC. A.Ş , PETROL OFİSİ A.Ş , STANDARD PROFİL OTOMOTİV SAN. VE TİC. A.Ş , ÇİMKO ÇİMENTO VE BETON SANAYİ TİCARET A.Ş , HAYES LEMMERZ JANTAŞ JANT SAN. VE TİC. A.Ş , TEKNİK MALZEME TİC. VE SAN. A.Ş , PİLSA PLASTİK SANAYİ A.Ş , BAYMAK MAKİNA SANAYİ VE TİCARET A.Ş , MARSHALL BOYA VE VERNİK SANAYİİ A.Ş , ALLİANCE ONE TÜTÜN A.Ş , FAKO İLAÇLARI A.Ş , EGE PROFİL TİC. VE SAN. A.Ş , AYTAÇ GIDA YATIRIM SAN. VE TİC. A.Ş ,4 * , ALCATEL LUCENT TELETAŞ TELEKOMÜNİKASYON A.Ş , BİOFARMA İLAÇ SANAYİ VE TİCARET A.Ş , NORTEL NETWORKS NETAŞ TELEKOMÜNİKASYON A.Ş , KALE KİLİT VE KALIP SAN. A.Ş , DOW TÜRKİYE KİMYA SANAYİ VE TİCARET LTD. ŞTİ , KONYA ÇİMENTO SANAYİİ A.Ş , ÇELİKORD A.Ş , TOYOTA BOSHOKU TÜRKİYE OTOMOTİV SAN. VE TİC. A.Ş , DEVA HOLDİNG A.Ş ,24 YASED International Investors Association 7

8 MAJOR SKT OTO DONANIM SANAYİ VE TİCARET A.Ş ,00 ASSAN ÇELİK ÜRÜNLERİ SANAYİ VE TİCARET A.Ş ,00 AKZO NOBEL ENDÜSTRİ VE OTOMOBİL BOYALARI SAN. VE TİC. A.Ş , COGNİS KİMYA SANAYİ VE TİCARET A.Ş , LAFARGE ASLAN ÇİMENTO A.Ş , HAYES LEMMERZ İNCİ JANT SANAYİ A.Ş , TERMO TEKNİK TİC. VE SAN. A.Ş , KUMTEL DAYANIKLI TÜKETİM MALLARI PLASTİK SAN. VE TİC. A.Ş , ORTADOĞU RULMAN SANAYİ VE TİCARET A.Ş ,35 * PROGIDA PAZARLAMA A.Ş ,00 BOSCH FREN SİSTEMLERİ SAN. VE TİC A.Ş , SET BETON MADENCİLİK SAN. VE TİC. A.Ş , GÖLTAŞ GÖLLER BÖLGESİ ÇİMENTO SAN. VE TİC. A.Ş ,02 ALTEK ALARKO ELEKTRİK SANTRALLARI * TESİS İŞLETME VE TİC. A.Ş , DENİZLİ ÇİMENTO SANAYİİ T.A.Ş ,00 GRAMMER KOLTUK SİSTEMLERİ SANAYİ VE TİCARET A.Ş , AYDINLI HAZIR GİYİM SAN. VE TİC. A.Ş , ÜNİTEKS GIDA TEKSTİL SANAYİ VE TİCARET A.Ş , TAM GIDA SANAYİ VE TİCARET A.Ş , ALARKO CARRIER SANAYİ VE TİCARET A.Ş , HUGO BOSS TEKSTİL SANAYİİ LTD. ŞTİ , FRESH CAKE GIDA SAN. VE TİC. A.Ş ,00 ADOÇİM ÇİMENTO BETON SAN. VE TİC. * A.Ş ,00 * ÖZMAYA SANAYİ A.Ş ,0 ECZACIBAŞI-BAXTER HASTANE ÜRÜNLERİ SANAYİ VE TİCARET A.Ş ,00 GLAXOSMİTHKLİNE İLAÇLARI SANAYİ VE * TİCARET A.Ş ,0 ROTOPAK MATBAACILIK AMBALAJ SAN. VE TİC. A.Ş , CROWN BEVCAN TÜRKİYE AMBALAJ SAN. VE TİC. A.Ş ,0 * ,99 HEMA TRW OTOMOTİV DİREKSİYON SİSTEMLERİ A.Ş , İ.E. ULAGAY İLAÇ SAN. TÜRK A.Ş ,00 DORUK EV GEREÇLERİ SANAYİ VE TİC. * LTD. ŞTİ ,00 * ALCAN PACKAGİNG İZMİR GRAVÜR BASKILI ,96 YASED International Investors Association 8

9 KARTON SAN. VE TİC. A.Ş BASF YAPI KİMYASALLARI SAN. A.Ş ,0 * SCHOTT ORİM CAM SAN. VE TİC. A.Ş ,0 BAŞTAŞ BAŞKENT ÇİMENTO SANAYİİ VE TİCARET A.Ş ,00 ONDULİNE AVRASYA İNŞAAT MALZEMELERİ SAN. VE TİC. A.Ş , SYNGENTA TARIM SAN. VE TİC. A.Ş ,0 * ,99 * ,0 * JOTUN BOYA SANAYİ VE TİCARET A.Ş ,0 YASED International Investors Association 9