We want to take more risk

We spoke with Kocabıyık about the issues that people are curious about, from the transformation at Borusan to new projects.

25.03.2014 13:45:270
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We want to take more risk

We can build a plant that does not harm the environment but we shall still get a reaction. Because of this, it is very likely that we shall grow by focusing on wind energy. In the longer term, we are thinking about natural gas. We have 600 megawatts in energy licenses.

We have a total established capacity of 110 megawatts. We want to increase our established capacity to 2,000 megawatts by 2020. In energy, our priority will be to realize the licenses that we have already obtained.

We are aiming to invest between $200 million and $300 million in energy every year. Energy will account for half of our total investments. To date we have invested a total of $150 million for our established capacity of 110 megawatts. Our target is for our total investment in energy to be $2.5 billion when we increase our established capacity to 2,000 megawatts.

How much did you grow in 2013?
We still don’t have the figures for our return on investment. In 2012, we had turnover of $4 billion. Our investments reached a record $352 million. We made progress towards realizing our vision of being a regional player in the business areas where we are active. In 2013, the holding increased its turnover by 7 per cent to close the year at $4.3 billion. We did not grow so much in 2013. But our profits were much better when compared with previous years. We are expecting profits of around $160 million in 2013.

What is Borusan’s biggest business?
We provide services in four main areas: steel, distributors, energy and logistics. The steel group accounts for our largest volume of business. Pipes account for $700 million. Our annual turnover in flat steel stood at $1.1 billion at the end of 2013. Our turnover in logistics is $500 million. Energy and distributors account for $1.9 billion in turnover.


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