Borusan reports 39% growth in 2024, sets new investment target at TRY 66 billion

According to a statement from the company, Borusan’s consolidated revenue for 2024 reached TRY 257 billion. The group announced plans to invest a total of TRY 66 billion during the 2025-2027 period.

In line with the company’s long-term growth strategy, TRY 26 billion of this investment will be allocated to production, TRY 22 billion to automotive, and TRY 6 billion each to energy, logistics, and machinery & power systems. It was stated that these investments will play a critical role in achieving Borusan’s strategic goals.

Borusan Pipe’s capacity has increased to 1 million tons

Borusan Pipe, one of the group companies, incorporated heat treatment technology through a $50 million production investment in the U.S. and increased its production capacity to approximately 1 million tons. Borusan EnBW Enerji, operating in the renewable energy sector, also raised its capacity by 18%, reaching a total installed power of 855 megawatts.

Additionally, Borusan made 5 venture capital fund investments and 5 startup investments in 2024 through Borusan Ventures, its corporate venture capital company established in 2023.

Strategic sales move

At the beginning of this year, Borusan Group, which made a steady entry, took another significant step as part of its portfolio strategy. The group signed a share transfer agreement for the sale of 100% of Borusan Tedarik, one of its logistics sector companies, to CEVA Logistics. The completion of the sale is expected following approval from the Turkish Competition Authority.

Kafadar: "We will strengthen our power with new investments"

Borusan Group CEO Erkan Kafadar stated, "2024 was a very valuable year for us as it marked our 80th anniversary. On this journey, we said, 'We started from zero, reached 80, and we have actually just begun,' and achieved significant growth."

Emphasizing that the success they have achieved is the result of the efforts of all Borusan employees and the trust of their stakeholders, Kafadar stated:

“Over the next three years, we will make new investments in energy, manufacturing, automotive, machinery and power systems, logistics, and venture capital to further strengthen our existing capabilities. Our goal is not only economic growth but sustainable growth. Inspired by our 80-year legacy, we are moving toward the future with a vision to become a group that lasts 200 years.”