ORGAN GRINDERS
Machinery forms a large part of Turkey's export basket and is a key weapon in tackling the country's current account deficit.
MAJOR DEVELOPMENTS
The country has been very successful in the sectors that require more industrial labor. However, for the growth of the economy, we need to refocus on higher value-added sectors. In this regard, there have been major developments in the machinery sector in Turkey.
SIGNIFICANT IMPACT
We are the leader in working with the government to develop Turkey's overall machinery strategy. Comparing our work to our budget, our program has been very effective because we made a significant impact with a relatively small amount of funding.
MITIGATING PROBLEMS
If developing countries are not capable of producing their own machines, their ability to compete at an international level is lowered. Turkey has a current account deficit problem, and the ability to produce our own machinery can help mitigate that.
SUCCESSFUL PRODUCTS
The company started manufacturing basic boilers, steel boilers, and water boosters. In only 10 years, Baymak had become a huge success. In mid-2005, Baymak introduced the condensing boiler to the market.
RENEWABLES
We know the energy needs of the country, and that is why we believe in renewables. Two years ago, Baymak decided to produce photovoltaic products as a complementary product for the Baymak range . For this reason, Baymak's first focus is on thermal energy, especially for export.
CHANGING TIMES
In our industry, all products work with natural gas, which we import. If there is a change in the energy structure, these companies would adapt their products to the new era and we would have products that are more solar oriented. I believe that Baymak can adapt to the new era and there will be no risk for the company.
WHAT WE BUILD
Hema Endüstri manufactures hydraulic systems, drivetrains, and steering systems for all branches of the automotive industry, heavy construction equipment, and agricultural machinery. We established our metal foundry in 2009, which has been recognized as the cleanest foundry in the world.
IMPORTANT FOR TURKEY
Exports are very important, not only for Hema Endüstri, but also for Turkey. Currently, exports account for 60% of our business, and we export to 36 countries around the world.
BIG GOALS
Our target is to have a turnover of €2 billion by 2023 and be among Turkey's top-20 companies. We will achieve this goal by investing 18% of our turnover every year, which will result in a 30% increase in our employment. We also plan to expand our R&D operations by investing 7% of our turnover in R&D each year.
ORGAN GRINDERS
TABLE OF CONTENTS
Guest Speaker
Sir Suma Chakrabarti, President, European Bank for Reconstruction & Development
Sustainable development is growth that doesn't burden our children or grandchildren. We at the EBRD believe that the current economic crisis is an opportunity for us all to have a close look at the way we manage our resources and build our future. And we are already doing exactly that in Turkey.
read articleInterview
Volker Hammes, Head of BASF Business Center Turkey, Middle East & North Africa and CEO, BASF Türk
TBY talks to Volker Hammes, Head of BASF Business Center for Turkey, the Middle East, and North Africa, and CEO of BASF Turk, on Turkey as a regional hub, the investment environment, and the company's role in the country.
read articleInterview: Defense
Muharrem Dörtkaşlı, President & CEO, Turkish Aerospace Industries (TAI)
TBY talks to Muharrem Dörtkaşlı, President & CEO of Turkish Aerospace Industries (TAI), on the development of the company, major projects and accomplishments, and adding higher value-added products to the export list.
read articleInterview
Binali Yıldırım, Minister of Transport, Maritime Affairs, and Communications, Turkey
TBY talks to Binali Yıldırım, Minister of Transport, Maritime Affairs, and Communications, on the benefits of high-speed trains, the possibility of becoming a maritime hub, and the importance of civil aviation.
read articleInterview
Hasan Arat, Chairman, Istanbul 2020 Olympic Bid Committee
TBY talks to Hasan Arat, Chairman of the Istanbul 2020 Olympic Bid Committee, on the city as the perfect candidate for an international event and the importance of better infrastructure and a young demographic as it vies for the prize.
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