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The top 500 companies with the highest R&D investments in 2024 have been revealed! Below are the iron and steel firms included in the list

Some iron and steel companies have also secured their place among Türkiye’s top R&D investors.

The top 500 companies with the highest R&D investments in 2024 have been revealed! Below are the iron and steel firms included in the list

The Economy and Business portal TurkishTime has announced the 500 companies that made the highest R&D expenditures in 2024. According to the list, TUSAŞ – Turkish Aerospace Industries Inc. ranked first with TL 51.5 billion  in R&D spending. Among the defense industry companies, Aselsan Electronics Industry and Trade Inc. ranked second with TL 31.9 billion , while Roketsan Rocket Industry and Trade Inc. took third place with TL 6.7 billion . Ford Otomotiv Sanayi A.Ş. came in fourth with TL 6.2 billion , and Havelsan – Air Electronic Industry and Trade Inc. ranked fifth with TL 4.9 billion .

In the iron and steel sector, Ereğli Iron and Steel Factories Inc recorded the highest R&D expenditure in 2024, with TL 272.9 million . The company carried out 69 projects, employed 64 R&D personnel, and aims to increase its R&D spending to TL 429.8 million in 2025.

Döktaş Dökümcülük Industry and Trade Inc. ranked second with TL 124 million  in R&D spending. The company carried out 37 projects and continued its activities with 66 R&D personnel. The planned R&D expenditure for 2025 was announced as TL165 million .

Borçelik Steel Industry and Trade Inc. ranks third with TL 103.3 million  in R&D expenditure. The company carried out 26 projects and operated with 52 R&D personnel, aiming for a spending target of TL140 million in 2025.

Norm İzmir Civata Industry and Trade Inc. stood out as another notable company in the sector with TL 75.6 million in R&D expenditure. The company managed 29 projects, employs 66 R&D personnel, and plans to invest TL 150 million  in 2025.

Borusan Machine and Power Systems Industry and Trade Inc. ranked with TL 61.9 million , Çimtaş Steel Manufacturing, Assembly, and Installation Inc. with TL 46.8 million , Çemtaş Steel Machinery Industry and Trade Inc. with TL 34 million , Kayseri Metal Center Industry and Trade Inc.. with TL 33 million , Akdaş Foundry Industry and Trade Inc.with TL 30.8 million, Çelik Steel rope and Wire Industry Inc. with TL 23.4 million , and Kar-el Iron Wire Industry and Trade Ltd. Co. With TL 18.5 million  in R&D expenditures, all appearing on the list.

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