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OYAK, one of Türkiye’s largest industrial conglomerates, announced on Wednesday that it aims to expand its total assets to $60 billion and exports to $10 billion by 2030 as part of a long-term strategy focused on disciplined growth and operational resilience.
The group outlined its roadmap during a Vision 2030 briefing in Istanbul, where Chief Executive Officer Murat Yalcintas said the plan centers on selective expansion, strong cash generation and portfolio restructuring aligned with structural global trends. He described 2026 as a transition period, stating, "We see 2026 as a threshold year in which we strengthen our cash generation and operational resilience rather than pursue rapid growth."
Following the statements, shares of the conglomerate’s listed subsidiaries surged, except for Hektas, the group’s agricultural chemicals producer, while Erdemir, one of Türkiye’s largest steelmakers, and Oyak Investment, the group’s brokerage and financial services arm, jumped more than 5%.
The company’s investment focus is shifting toward infrastructure, energy and high technology, which executives identified as key drivers of long-term stability and efficiency.
Yalcintas said infrastructure projects will provide predictable cash flow and strengthen the balance sheet, while energy investments will support industrial continuity. He added that artificial intelligence and digital technologies offer opportunities to improve productivity and competitiveness, and that logistics and mining investments will help secure supply chains and resource access.
The group has already begun integrating artificial intelligence into its operations, including at Erdemir and Renault automotive production. At its Bursa facility, three new vehicle models are expected to launch this year, while hybrid engine output is projected to reach 200,000 units in 2026.
OYAK plans to increase its total workforce to 39,000 employees by 2030, alongside strengthening its capital structure through potential public offerings of selected subsidiaries. The company expects its capital markets portfolio to grow by at least 50% through listings in Türkiye and abroad.
OYAK is preparing to attract foreign investment into one of its domestic subsidiaries and is exploring joint projects with international partners, including overseas expansion discussions involving its cement operations, Yalcintas added.
The group is also evaluating new port and logistics investments to strengthen its global supply network, building on its existing port presence in Amsterdam. Plans are underway to expand mining operations overseas, with potential investments in Africa and participation in a fund established in Central Asia.
OYAK is assessing refinery investment opportunities in Türkiye and abroad, while continuing to prioritize Europe as a core market alongside expansion into faster-growing regions.
Originally established as a pension and investment fund for members of the Turkish Armed Forces, the group operates in 24 countries across six continents and exports to more than 115 countries. In 2025, OYAK generated ₺540.26 billion ($13.66 billion) in revenue and reported a net profit of ₺6.56 billion ($166 million).
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