KOC HOLDING MADE TRY 17.3BN COMBINED INVESTMENT IN 2021

Operating in various sectors such as energy, finance, consumer durables, and automotive, Koc Holding made TRY 17.3bn in combined investment last year, according to Levent Cakiroglu, CEO of Koc Holding. “Our total investments have reached TRY 53bn over the last five years,” said Cakiroglu. The holding company will continue strategic investments in line with its vision of global growth. “Our home appliances subsidiary Arcelik completed the acquisition of a 60% share in the Japan-based electronics company Hitachi, excluding the firm’s stakes in the Japanese market. Our new company with nearly USD 1bn turnover, incorporated 12 subsidiaries and three manufacturing plants in the Asia Pacific, Europe, and the Middle East,” said Cakiroglu. Koc Holding is also accelerating its transition to low-carbon technology with renewable energy. “Our electricity generation subsidiary Entek acquired the Suloglu Wind Power Plant (WPP) with an installed power of 60 megawatts. With that, we incorporated a WPP for the first