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RMK Marine - RMK Marine Shipyard A.S. (ID: 5149)
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RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact News ▪ Celebration of launching NB 062 ▪ Building of new crane finished ▪ NB 056 project delivered to "Petrogas" ▪ NB 057project delivered to "Petrogas" Ko Group Companies Your browser does not support inline frames or is currently configured not to display inline frames. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact News ▪ Celebration of launching NB 062 ▪ Building of new crane finished ▪ NB 056 project delivered to "Petrogas" ▪ NB 057project delivered to "Petrogas" Ko Group Companies Your browser does not support inline frames or is currently configured not to display inline frames. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Publication ▪ Koc Holding Annual Reports 2003 (ZIP&PDF) ▪ Koc Holding Annual Reports 2002 (PDF) Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Location Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Site Map Company... History Ko Group Quality Management Introduction Movie Introduction Documents Shipbuilding... Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Projects... 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanerteme 056 Mencey 057Niveria Contact... Contact Information Contact Form Job Application Location... Publications... Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Company Shipyard was established in 1974 with the name PKM shipyard. In 1984 it moved to Tuzla its present location, and in 1997 by joining the Ko Group with the name of RMK MARINE Naval ship, commercial ship, and yacht construction as well as maintenance and repair work create our core business. RMK MARINE is established on 100.000 m of seafront area, of which 12.000 m is covered. The shipyard is divided into two major zones: large, military and merchant ship operations are on the northern half where 30.000 tons/year steel processing capacity can be achieved, and the yacht construction and repair activities on the southern half. With the continuous investments and improvements on yacht facilities, RMK MARINE is focused on the target of taking its place among the leaders in the mega-yacht sector. 80 m. x 22 m. hangar is dedicated for outfit of yachts of every type of hull construction such as steel, aluminum or composite. Interior and joinery works are carried out in our in-house 3-floor mock-up hangar equipped with central dust vacuum collection system where full-scale models of the yacht interior are built and carpentry works are performed simultaneous to the construction and outfit of the yachts. Fully conditioned varnish shops adjacent to the mock-up shops assure all details and features of interior are continuously monitored. Paint works are performed in separate and specially conditioned 40 m. x 15 m. paint hangar to provide superior yacht finish. Fully equipped and conditioned composite hangar serves construction of yacht and superstructures up to 40 meters length. Recent technologies are adopted in all aspects of production for the sole purpose of building high-quality yachts to fulfill the owner s requirements. Expanding capacity and facilities, flexibility and broad variety in production fields brings the shipyard great advantage for current and future projects. Cooperation with the leading designers worldwide and client-oriented approach brings the shipyard a great background to become a leading enterprise in the sector. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria Projects The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Contact RMK Marine Shipyard A.S. Icmeler Mevkii Ozel Sektor Tersaneler Bolgesi No:13 34944 Tuzla Istanbul Turkey Phone : +90 216 395 2865 Fax : +90 216 395 4582 E-Mail : rmkmarine@rmkmarine.com Assistant General Manager Sedat Orbay sedato@rmkmarine.com.tr Ship Division Manager G rsel Yildiz gursely@rmkmarine.com.tr Business Development Manager Haluk Kaban halukk@rmkmarine.com.tr Accounts and Administrative Manager Erdal Teker erdalt@rmkmarine.com.tr Logistics Manager Ismail Kaksi ismailk@rmkmarine.com.tr Design Manager Oguz Cakan oguzc@rmkmarine.com.tr Other Human Resources hr@rmkmarine.com Information Technology guven@rmkmarine.com.tr Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents History Shipyard was established in 1974 with the name PKM shipyard. In 1984 it moved to Tuzla its present location, and in 1997 by joining the Ko Group with the name of RMK MARINE Naval ship, commercial ship, and yacht construction as well as maintenance and repair work create our core business. RMK MARINE is established on 100.000 m of seafront area, of which 12.000 m is covered. The shipyard is divided into two major zones: large, military and merchant ship operations are on the northern half where 30.000 tons/year steel processing capacity can be achieved, and the yacht construction and repair activities on the southern half. With the continuous investments and improvements on yacht facilities, RMK MARINE is focused on the target of taking its place among the leaders in the mega-yacht sector. 80 m. x 22 m. hangar is dedicated for outfit of yachts of every type of hull construction such as steel, aluminum or composite. Interior and joinery works are carried out in our in-house 3-floor mock-up hangar equipped with central dust vacuum collection system where full-scale models of the yacht interior are built and carpentry works are performed simultaneous to the construction and outfit of the yachts. Fully conditioned varnish shops adjacent to the mock-up shops assure all details and features of interior are continuously monitored. Paint works are performed in separate and specially conditioned 40 m. x 15 m. paint hangar to provide superior yacht finish. Fully equipped and conditioned composite hangar serves construction of yacht and superstructures up to 40 meters length. Recent technologies are adopted in all aspects of production for the sole purpose of building high-quality yachts to fulfill the owner s requirements. Expanding capacity and facilities, flexibility and broad variety in production fields brings the shipyard great advantage for current and future projects. Cooperation with the leading designers worldwide and client-oriented approach brings the shipyard a great background to become a leading enterprise in the sector. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Ko Group The year was 1926 and Turkey was going through hard and challenging times when Ahmet Vehbi Ko Trading Company started as a modest business and, thanks to Vehbi Ko 's excellent vision and enthusiasm, grew and developed in years to become Turkey's largest group of companies. Standing firm as the product of seventy eight years of hard work and effort, Ko Group today is the engine of development in the Turkish private sector and plays a major role in the national economy with 54.000 employees, over 12.000 authorized dealers and after sale services in 96 consolidated companies covering a wide range of activities including passenger cars, commercial vehicles, automotive parts, consumer durables, foodstuffs, retailing, energy and mining, tourism and services, foreign trade, banking, insurance and construction. The philosophy behind all this growth was to produce goods and services at international standarts of quality; provide customer satisfaction; generate necessary capital for sustaining continuous development; and strengthen the Turkish economy. optical and infrared signature, above water acoustic and hydroacoustic signature, underwater electrical potential and magnetic signature, pressure signature, radar cross section and actively emitted signals. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Quality Management Our shipyard is certified and utilizing ISO 9002 and AQAP 120 quality assurance practices. From our initial contact to the delivery of the vessel, including but not limited to the warranty period our clients will feel the comfort of our quality programs. However, we never feel that our quality assurance has been accomplished and always search for oppurtunities in improving ourselves. Our principles can be outlined by our main goal of becoming the shipyard preferred by our customers. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Introduction Movie Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Introduction Documents ▪ Koc Holding Introduction Documents (PDF) ▪ RMK Marine Introduction Documents (PowerPoint) Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Company Shipyard was established in 1974 with the name PKM shipyard. In 1984 it moved to Tuzla its present location, and in 1997 by joining the Ko Group with the name of RMK MARINE Naval ship, commercial ship, and yacht construction as well as maintenance and repair work create our core business. RMK MARINE is established on 100.000 m of seafront area, of which 12.000 m is covered. The shipyard is divided into two major zones: large, military and merchant ship operations are on the northern half where 30.000 tons/year steel processing capacity can be achieved, and the yacht construction and repair activities on the southern half. With the continuous investments and improvements on yacht facilities, RMK MARINE is focused on the target of taking its place among the leaders in the mega-yacht sector. 80 m. x 22 m. hangar is dedicated for outfit of yachts of every type of hull construction such as steel, aluminum or composite. Interior and joinery works are carried out in our in-house 3-floor mock-up hangar equipped with central dust vacuum collection system where full-scale models of the yacht interior are built and carpentry works are performed simultaneous to the construction and outfit of the yachts. Fully conditioned varnish shops adjacent to the mock-up shops assure all details and features of interior are continuously monitored. Paint works are performed in separate and specially conditioned 40 m. x 15 m. paint hangar to provide superior yacht finish. Fully equipped and conditioned composite hangar serves construction of yacht and superstructures up to 40 meters length. Recent technologies are adopted in all aspects of production for the sole purpose of building high-quality yachts to fulfill the owner s requirements. Expanding capacity and facilities, flexibility and broad variety in production fields brings the shipyard great advantage for current and future projects. Cooperation with the leading designers worldwide and client-oriented approach brings the shipyard a great background to become a leading enterprise in the sector. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents History Shipyard was established in 1974 with the name PKM shipyard. In 1984 it moved to Tuzla its present location, and in 1997 by joining the Ko Group with the name of RMK MARINE Naval ship, commercial ship, and yacht construction as well as maintenance and repair work create our core business. RMK MARINE is established on 100.000 m of seafront area, of which 12.000 m is covered. The shipyard is divided into two major zones: large, military and merchant ship operations are on the northern half where 30.000 tons/year steel processing capacity can be achieved, and the yacht construction and repair activities on the southern half. With the continuous investments and improvements on yacht facilities, RMK MARINE is focused on the target of taking its place among the leaders in the mega-yacht sector. 80 m. x 22 m. hangar is dedicated for outfit of yachts of every type of hull construction such as steel, aluminum or composite. Interior and joinery works are carried out in our in-house 3-floor mock-up hangar equipped with central dust vacuum collection system where full-scale models of the yacht interior are built and carpentry works are performed simultaneous to the construction and outfit of the yachts. Fully conditioned varnish shops adjacent to the mock-up shops assure all details and features of interior are continuously monitored. Paint works are performed in separate and specially conditioned 40 m. x 15 m. paint hangar to provide superior yacht finish. Fully equipped and conditioned composite hangar serves construction of yacht and superstructures up to 40 meters length. Recent technologies are adopted in all aspects of production for the sole purpose of building high-quality yachts to fulfill the owner s requirements. Expanding capacity and facilities, flexibility and broad variety in production fields brings the shipyard great advantage for current and future projects. Cooperation with the leading designers worldwide and client-oriented approach brings the shipyard a great background to become a leading enterprise in the sector. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Ko Group The year was 1926 and Turkey was going through hard and challenging times when Ahmet Vehbi Ko Trading Company started as a modest business and, thanks to Vehbi Ko 's excellent vision and enthusiasm, grew and developed in years to become Turkey's largest group of companies. Standing firm as the product of seventy eight years of hard work and effort, Ko Group today is the engine of development in the Turkish private sector and plays a major role in the national economy with 54.000 employees, over 12.000 authorized dealers and after sale services in 96 consolidated companies covering a wide range of activities including passenger cars, commercial vehicles, automotive parts, consumer durables, foodstuffs, retailing, energy and mining, tourism and services, foreign trade, banking, insurance and construction. The philosophy behind all this growth was to produce goods and services at international standarts of quality; provide customer satisfaction; generate necessary capital for sustaining continuous development; and strengthen the Turkish economy. optical and infrared signature, above water acoustic and hydroacoustic signature, underwater electrical potential and magnetic signature, pressure signature, radar cross section and actively emitted signals. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Quality Management Our shipyard is certified and utilizing ISO 9002 and AQAP 120 quality assurance practices. From our initial contact to the delivery of the vessel, including but not limited to the warranty period our clients will feel the comfort of our quality programs. However, we never feel that our quality assurance has been accomplished and always search for oppurtunities in improving ourselves. Our principles can be outlined by our main goal of becoming the shipyard preferred by our customers. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Introduction Movie Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Introduction Documents ▪ Koc Holding Introduction Documents (PDF) ▪ RMK Marine Introduction Documents (PowerPoint) Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Naval Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Merchant Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Repair & Maintenance Our broadly based technical know-how in all shipbuilding areas that we have steadily built up over the decades is now concentrated in an independent company fully geared to its special type of market. Thanks to our flexible project management and highly qualified and motivated staff, we can always execute orders rapidly, carefully and punctually. Our state-of-the-art equipment and optimal docking facilities meeting customers requirements give us the kind of versatility that is typical of Blohm + Voss Repair Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Design & Development The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria Projects The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 035 Albay Hakki Burak 035 Albay Hakki Burak LOA : 81,34 m LBP : 74,85 m Beam : 12,2 m Depth : 6,1 m Draft : 5 m Dwt : 2100 Type : Product Tanker Speed : 15 / 14 knot Owner : TC DZKK Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 036 Yzb. Ihsan Tolunay 036 Yzb. Ihsan Tolunay LOA : 81,34 m LBP : 74,85 m Beam : 12,2 m Depth : 6,1 m Draft : 5 m Dwt : 2100 Type : Product Tanker Speed : 15 / 14 knot Owner : TC DZKK Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 046 Lieke Theresa 046 Lieke Theresa LOA : 92,27 m LBP : 86,34 m. Beam : 13,6 m Depth : 7,65 m. Draft : 5,40 / 6,10 m. Dwt : 3900 Type : Chemical Tanker Speed : 11,8 knot Owner : UNIFLEET Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 047 Maria Theresa 047 Maria Theresa LOA : 92,8 m. LBP : m. Beam : 13,6m Depth : 7,65 m. Draft : 6,15 m. Dwt : 3900 Type : Oil/Chemical Tanker Speed : 11,8 knot Owner : BUREAU VERITAS Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 048 Kerem D 048 Kerem D LOA : 78,56 m. LBP : 72,78 m. Beam : 10,45 m. Depth : 5,10 m. Draft : 4,20 m. Dwt : 1850 m Type : Oil/Chemical Tanker Speed : Designer : BUREAU VERITAS Owner : Admarin Denizcilik Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 051Laila Theresa 051Laila Theresa LOA : 92,60 m. LBP : 86,34 m. Beam : 13,6 m. Depth : 7,65 m. Draft : 5,40 / 6,10m. Dwt : 3900 Type : Oil/Chemical Tanker Speed : 11,8 knot Owner : HERNING Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 054 Serra Theresa 054 Serra Theresa LOA : 69,65 m. LBP : 65,80 m. Beam : 10,45 m. Depth : 5,10 m. Draft : 4,10/ 4,20 m. Dwt : 1450 Type : Oil/Chemical Tanker Speed : 10 knot Owner : HERNING Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 055 Guanarteme 055 Guanarteme LOA : 96,82 m. LBP : 88,88 m. Beam : 14,2 m. Depth : 7,65 m. Draft : 6,2 m. Dwt : 4300 Type : Oil/Product Tanker Speed : 13 knot Owner : Distribuidora Maritima Petrogas, S.L.U. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 056 Mencey 056 Mencey LOA : 109,63 m. LBP : 103,602 m. Beam : 17,2 m. Depth : 8,8 m. Draft : 7,00 m. Dwt : 6750 Type : Oil Product Tanker Speed : 13,5 knot Owner : Distribuidora Maritima Petrogas, S.L.U. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 057 Nivaria 057 Nivaria LOA : 96,82 m. LBP : 88,88 m. Beam : 14,2 m. Depth : 7,65 m. Draft : 6,2 m. Dwt : 4300 Type : Oil/Chemical Tanker Speed : 13 knot Owner : Distribuidora Maritima Petrogas, S.L.U. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Contact RMK Marine Shipyard A.S. Icmeler Mevkii Ozel Sektor Tersaneler Bolgesi No:13 34944 Tuzla Istanbul Turkey Phone : +90 216 395 2865 Fax : +90 216 395 4582 E-Mail : rmkmarine@rmkmarine.com Assistant General Manager Sedat Orbay sedato@rmkmarine.com.tr Ship Division Manager G rsel Yildiz gursely@rmkmarine.com.tr Business Development Manager Haluk Kaban halukk@rmkmarine.com.tr Accounts and Administrative Manager Erdal Teker erdalt@rmkmarine.com.tr Logistics Manager Ismail Kaksi ismailk@rmkmarine.com.tr Design Manager Oguz Cakan oguzc@rmkmarine.com.tr Other Human Resources hr@rmkmarine.com Information Technology guven@rmkmarine.com.tr Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Contact RMK Marine Shipyard A.S. Icmeler Mevkii Ozel Sektor Tersaneler Bolgesi No:13 34944 Tuzla Istanbul Turkey Phone : +90 216 395 2865 Fax : +90 216 395 4582 E-Mail : rmkmarine@rmkmarine.com Assistant General Manager Sedat Orbay sedato@rmkmarine.com.tr Ship Division Manager G rsel Yildiz gursely@rmkmarine.com.tr Business Development Manager Haluk Kaban halukk@rmkmarine.com.tr Accounts and Administrative Manager Erdal Teker erdalt@rmkmarine.com.tr Logistics Manager Ismail Kaksi ismailk@rmkmarine.com.tr Design Manager Oguz Cakan oguzc@rmkmarine.com.tr Other Human Resources hr@rmkmarine.com Information Technology guven@rmkmarine.com.tr Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Contact Form Contact Information Name* Surname* Mobile Phone* 57) event.returnValue = false;"> 57) event.returnValue = false;"> 57) event.returnValue = false;"> Business Phone 57) event.returnValue = false;"> 57) event.returnValue = false;"> 57) event.returnValue = false;"> E-mail*  Department or Those Concerned* Subject* Explanation* Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Job Application Personel Informations Name* Surname* Address City Mobile Phone* 57) event.returnValue = false;"> 57) event.returnValue = false;">   57) event.returnValue = false;"> Home Phone 57) event.returnValue = false;"> 57) event.returnValue = false;">   57) event.returnValue = false;"> Business Phone 57) event.returnValue = false;"> 57) event.returnValue = false;">   57) event.returnValue = false;"> E-mail* Sex -- Select -- Female Male Marital Status -- Select -- Married Single Birthday / / Driving License -- Select -- doesn't exist exist Military Obligation Succesfull - No Military Status to postpone Military Postpone / / Education Informations School -- Select -- High school University Last School Name* Foreign Languages Languages -- Select -- English French German Italian Spanish Greek -- Select -- Beginner Intemediate Advanced -- Select -- English French German Italian Spanish Greek -- Select -- Beginner Intemediate Advanced Other -- Select -- Beginner Intemediate Advanced Experience Informations Company Phone Position 57) event.returnValue = false;"> 57) event.returnValue = false;"> 57) event.returnValue = false;"> Reference Informations Name Surname Phone company/Position 57) event.returnValue = false;"> 57) event.returnValue = false;"> 57) event.returnValue = false;"> If Any, Additional Informations Explanation Application Position* Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Location Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Company History Ko Group Quality Management Introduction Movie Introduction Documents Publication ▪ Koc Holding Annual Reports 2003 (ZIP&PDF) ▪ Koc Holding Annual Reports 2002 (PDF) Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Contacts Contact Information Contact Form Job Application Contact RMK Marine Shipyard A.S. Icmeler Mevkii Ozel Sektor Tersaneler Bolgesi No:13 34944 Tuzla Istanbul Turkey Phone : +90 216 395 2865 Fax : +90 216 395 4582 E-Mail : rmkmarine@rmkmarine.com Assistant General Manager Sedat Orbay sedato@rmkmarine.com.tr Ship Division Manager G rsel Yildiz gursely@rmkmarine.com.tr Business Development Manager Haluk Kaban halukk@rmkmarine.com.tr Accounts and Administrative Manager Erdal Teker erdalt@rmkmarine.com.tr Logistics Manager Ismail Kaksi ismailk@rmkmarine.com.tr Design Manager Oguz Cakan oguzc@rmkmarine.com.tr Other Human Resources hr@rmkmarine.com Information Technology guven@rmkmarine.com.tr Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Naval Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Merchant Shipbuilding The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Repair & Maintenance Our broadly based technical know-how in all shipbuilding areas that we have steadily built up over the decades is now concentrated in an independent company fully geared to its special type of market. Thanks to our flexible project management and highly qualified and motivated staff, we can always execute orders rapidly, carefully and punctually. Our state-of-the-art equipment and optimal docking facilities meeting customers requirements give us the kind of versatility that is typical of Blohm + Voss Repair Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Shipbuilding Naval Shipbuilding Merchant Shipbuilding Repair & Maintenance Design & Development Design & Development The page underconstruction ! ! ! Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 035 Albay Hakki Burak 035 Albay Hakki Burak LOA : 81,34 m LBP : 74,85 m Beam : 12,2 m Depth : 6,1 m Draft : 5 m Dwt : 2100 Type : Product Tanker Speed : 15 / 14 knot Owner : TC DZKK Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 036 Yzb. Ihsan Tolunay 036 Yzb. Ihsan Tolunay LOA : 81,34 m LBP : 74,85 m Beam : 12,2 m Depth : 6,1 m Draft : 5 m Dwt : 2100 Type : Product Tanker Speed : 15 / 14 knot Owner : TC DZKK Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 046 Lieke Theresa 046 Lieke Theresa LOA : 92,27 m LBP : 86,34 m. Beam : 13,6 m Depth : 7,65 m. Draft : 5,40 / 6,10 m. Dwt : 3900 Type : Chemical Tanker Speed : 11,8 knot Owner : UNIFLEET Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 047 Maria Theresa 047 Maria Theresa LOA : 92,8 m. LBP : m. Beam : 13,6m Depth : 7,65 m. Draft : 6,15 m. Dwt : 3900 Type : Oil/Chemical Tanker Speed : 11,8 knot Owner : BUREAU VERITAS Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 048 Kerem D 048 Kerem D LOA : 78,56 m. LBP : 72,78 m. Beam : 10,45 m. Depth : 5,10 m. Draft : 4,20 m. Dwt : 1850 m Type : Oil/Chemical Tanker Speed : Designer : BUREAU VERITAS Owner : Admarin Denizcilik Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 051Laila Theresa 051Laila Theresa LOA : 92,60 m. LBP : 86,34 m. Beam : 13,6 m. Depth : 7,65 m. Draft : 5,40 / 6,10m. Dwt : 3900 Type : Oil/Chemical Tanker Speed : 11,8 knot Owner : HERNING Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 054 Serra Theresa 054 Serra Theresa LOA : 69,65 m. LBP : 65,80 m. Beam : 10,45 m. Depth : 5,10 m. Draft : 4,10/ 4,20 m. Dwt : 1450 Type : Oil/Chemical Tanker Speed : 10 knot Owner : HERNING Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 055 Guanarteme 055 Guanarteme LOA : 96,82 m. LBP : 88,88 m. Beam : 14,2 m. Depth : 7,65 m. Draft : 6,2 m. Dwt : 4300 Type : Oil/Product Tanker Speed : 13 knot Owner : Distribuidora Maritima Petrogas, S.L.U. Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution RMK Marine Home Publications Location Sitemap Company Shipbuilding Projects Contact Naval Projects 035 Albay Hakki Burak 036 Yzb. Ihsan Tolunay Merchant Projects 046 Lieke Theresa 047 Maria Theresa 048 Kerem D 051 Laila Theresa 054 Serra Theresa 055 Guanarteme 056 Mencey 057 Nivaria 056 Mencey 056 Mencey LOA : 109,63 m. LBP : 103,602 m. Beam : 17,2 m. Depth : 8,8 m. Draft : 7,00 m. Dwt : 6750 Type : Oil Product Tanker Speed : 13,5 knot Owner : Distribuidora Maritima Petrogas, S.L.U. 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Company Shipbuilding Projects Contact 2005 RMK Marine Best Viewed In Internet Explorer 5.0 or Higher and 1024*768 Screen Resolution F i n a n c i a l H i g h l i g h t s K o c H o l d i n g A . fi . a n d i t s s u b s i d i a r i e s f i n a n c i a l h i g h l i g h t s (1) Convenience translation with the year end of 2002 TL 1,634,501 = US$1.00 and TL 1,703,477 = 1.00 exchange rates (2) Convenience translation with the year end of 2001 TL 1,439,567 = US$1.00 and TL 1,268,115 = 1.00 exchange rates (3) For the companies included in the consolidation (4) Amounts expressed in billions of Turkish Lira (TL) in terms of the purchasing power of the TL at 31 December 2002 2002 (1) 2001 (2) 2002 (1) 2001 (2) 2002 (4) 2001 (4) (US$ in millions) (US$ in millions) ( in millions) ( in millions) (TL in billlions) (TL in billlions) Inc. (%) $ TL Consolidated Revenues 6,789 6,292 6,515 7,143 11,097,399 11,848,374 7.9 (8.8) (6.3) Non-banking and financial services 5,676 4,585 5,446 5,205 9,277,447 8,633,588 23.8 4.6 7.5 Banking and financial services 1,113 1,707 1,068 1,938 1,819,952 3,214,786 (34.8) (44.9) (43.4) Consolidated operating profit 244 (287) 234 (326) 399,287 (540,610) 185.1 171.9 173.9 Non-banking and financial services 144 50 138 57 234,591 94,667 185.5 141.3 147.8 Banking and financial services 101 (337) 97 (383) 164,696 (635,277) 129.9 125.2 125.9 Income / (Loss) before loss on net monetary position, 219 (506) 210 (574) 357,175 (952,066) 143.2 136.5 137.5 Net Income / (Loss) before minority interest 120 (590) 115 (670) 196,701 (1,110,712) 120.4 117.2 117.7 Net Income / (Loss) excluding minority interest 25 (312) 24 (354) 40,648 (587,184) 108.0 106.7 106.9 Short-term financial debt 950 1,018 912 1,156 1,553,146 1,916,820 (6.7) (21.1) (19.0) Fixed Assets-Gross 4,630 3,710 4,442 4,212 7,567,437 6,986,117 24.8 5.5 8.3 Total Assets 7,340 7,752 7,043 8,800 11,997,677 14,596,337 (5.3) (20.0) (17.8) Total Shareholders' equity excluding minority interest 1,312 1,144 1,259 1,299 2,145,031 2,153,900 14.7 (3.0) (0.4) Capital expenditure 689 534 661 607 1,126,470 1,006,236 29.0 9.0 11.9 Number of employees (3) 50,019 43,134 C o n t e n t s Corporate Profile 5 Objectives & Strategy 5 Values 6 Chairman s Statement 7 Board of Directors 2002 11 Letter from the CEO 13 Business Units: 2002 Performance 15 Automotive 17 Fiat Group 17 Ford Otosan 19 Supplies and Other Automotive Companies 21 Durable Goods 23 Food & Retailing 25 Financial Services 27 Energy 29 Information Technologies 31 Tourism and Construction 33 International Trade 35 Koc e-Transformation Project 37 Social Responsibility & Philanthropy 39 Executive Management 2003 41 Financial Statements 42 Koc Group Companies on the Web 142 International Network 143 Contact Names 146 Durable Goods %20 Automotive Other %18 %16 Food and Retailing %16 Energy %14 Financial Services %16 100 0 -100 -200 -300 -400 2001 -312 2002 25 Consolidated Net Income 4 400 200 0 -200 -400 2001 -287 2002 244 Consolidated Operating Profit 8,000 6,000 4,000 2,000 0 2001 6,292 2002 6,789 Consolidated Revenues Breakdown of Revenues by Segment (US$ in millions) (US$ in millions) (US$ in millions) Koc Group, a multinational conglomerate established in 1926 by Vehbi Koc, is a leader in the automotive industry, household appliances and electronics, food, retailing, energy, financial services, hospitality and information technologies. In 2002, the Group proceeded to reshape its business portfolio in order to "be closest to the consumer by manufacturing, marketing and selling consumer products and services". Earnings stability, sustainable growth, increasing shareholder value and long-term relationships with business partners characterize the Koc Group, which is majority owned by Koc family members. Shares in Koc Holding and 14 Koc Group company shares are traded on the Istanbul Stock Exchange. Koc is committed to providing value to all its stakeholders by applying the best international practices in corporate governance, social responsibility, environmental protection, customer satisfaction and human resource management. At end-2002, Koc is comprised of 91 consolidated companies, 50,019 employees, a local distribution network of 11,000 dealers and an overseas presence that includes 23 companies and eight offices in 23 countries. Koc Objectives Expand in global markets to earn a significant part of revenues from overseas operations. Focus on business areas where we have differential competitive advantage. Be the local market leader in every area in which we are active. Invest further in and leverage our own brands and technologies. Koc Strategy To restructure and optimize our portfolio around the common theme of "the Group closest to the consumer" in order to draw full benefit from the millions of people who use and trust Koc products and services on a daily basis. O b j e c t i v e s & S t r a t e g y C o r p o r a t e P r o f i l e A broad business portfolio based on closeness to the consumer 5 Values of the Koc Group: The customer is the focus of everything we do. Our top priority is to create value for our customers; to respond steadily to their expectations with quality. It is our duty to take responsibility for our products for the long term. To be the best is our ultimate goal. To be the best in quality, service, supplier, and dealer relationships as an investment opportunity for our shareholders; and to sustain this public image are our primary goals. To achieve these goals we are committed to managing our businesses to be the leader in the market. Our most important asset is our people. The quality of our products and services is based on the quality of our people. For the continuity of the Koc Group, we follow a policy of recruiting the best people, and providing opportunities for development and advancement. To fully utilize the talents, strength, and creativity of our people, we create a work environment which nourishes increased productivity, cooperation and solidarity. Creation of wealth for continuous development is our key objective. Creation of value for our shareholders is a guiding principle to assure continuity of service, investment in our future, and contribution to the economic and social development of our people and our society. Therefore, creation of value, elimination of waste and efficient utilization of resources are key objectives. Honesty, integrity and superior business ethics are the foundations of our behavior. The conduct of our business is pursued with good intentions, mutual benefit, and fair treatment in all our relationships. We are committed to conforming at all times to the highest ethical and legal standards. We are a leader in serving our society, and safeguarding the interests of future generations. Protection of the environment and promotion of a higher level of environmental awareness are our duty to both our country and the world. We aspire to strengthen the Turkish economy from which we derive our own strength. I would like to express a guiding principle of our Group with these words: This is my code: I live and prosper with my country. As long as democracy exists and thrives, so do we. We shall do our utmost to strengthen our economy. As our economy prospers, so will democracy and our standing in the world V a l u e s Vehbi Koc This is my code: I live and prosper with my country. 6 Koc Ticaret A.fi. - 1938 I am pleased to report that Koc Group surpassed its targets in 2002, making progress in many key areas--progress that will contribute to Koc Group s continuing growth and success. As a whole, the Group performed strongly, having recovered from depressed market conditions that began in late 2000. Consolidated sales revenues climbed by 8% to $ 6.7 billion, resulting in a consolidated net income of $ 25 million. The successful performance of the Koc Group in 2002 was achieved against a background of domestic change and less than favorable external developments. C h a i r m a n s S t a t e m e n t The successful performance of the Koc Group in 2002 was achieved against a background of domestic change and less than favorable external developments. 7 Adapting to changing conditions Despite a high GNP growth rate of 7.9% created by exports and inventory building, domestic demand showed little signs of revival. Turkey hard hit in 2001 by unstable financial markets and steep and sudden depreciation of the currency was beset in 2002 by political uncertainty at home, threat of war on our border and reluctance of the European Union to accept Turkey as a full member. Consumer confidence remained low, as did purchasing power. This situation highlighted the importance of exports and overseas operations, revealing starkly the pitfalls of heavy reliance on the unstable domestic market. Koc s success in boosting export volumes and revenues reflect the efforts of the past 12 years, for the change from domestic to export production does not and cannot occur overnight. In the protected economic system of the past, it was prudent to diversify into as many areas as possible. However, in today s competitive environment, we realized we needed to concentrate on expanding and improving our core businesses by maximizing our competitive advantages in terms of quality, reliability, price and service. This called for a consistent strategy and investment program; we have invested $ 6 billion since 1990 to improve our manufacturing capabilities. In 2002, despite the continuing downturn, we persisted with our investment program, pouring $ 689 million into our business. As a result, we proved that not only can we retain, and in some cases, enlarge our local market share in many of the sectors despite fierce competition from imports, but we can also compete successfully in overseas markets. The culmination of years of effort For the first time in its history, Koc Group derived one third of its revenues from exports and operations abroad. This is especially gratifying to me, as I have overseen the progress of the Group from a local powerhouse operating in a closed market to a truly multinational group operating very successfully under free market conditions. The health of the Koc Group in 2002 represents the culmination of years of effort. Across the board, in every area in which we are active, we have strengthened our product lineup and improved manufacturing processes for greater cost-efficiency. We have invested heavily in product quality, in facilities, in new markets and in customer satisfaction. Moreover, we have invested in our people through continuous training and development of a distinct corporate culture that emphasizes business ethics. We have pinpointed specific opportunities worthy of investment by focusing on activities in which we have a sustainable competitive advantage and have already reached economies of scale. We have streamlined our activities in order to attain further growth in focused areas. Sustainable competitive advantage We have pursued the internationalization of our competitive and cost-efficient household 8 appliance division. Arcelik, the largest private sector company in Turkey, has become the flagship of our push into Europe by acquiring both manufacturing facilities and brands. Beko has become the third largest television manufacturer in Europe, doubling production in 2002 to 4.2 million units. In the highly cyclical, capital-intensive auto industry, we have chosen to pursue a flexible strategy based on cooperation with global players. Ford Otosan has been fully integrated into the global network of Ford as a manufacturer of Transit and Connect, light commercial vehicles. Tofafl has been selected as one of Fiat s four worldwide production centers and awarded marketing responsibility for Fiat products in 19 countries. In retailing, our Ramstore supermarket and shopping center chain in Russia has proved a terrific success while in Turkey, our Migros supermarket chain continues to earn more than twice the revenues of its nearest competitor. In the energy sector, long a mainstay of the Group through Aygaz, our LPG distribution company, we have set the stage for long-term growth by acquiring 50% of Turkey s fourth largest fuel distribution company OPET. As a result of this deal, Koc Energy Group s revenues will almost double to reach $ 2 billion. By building Kocbank into a highly reputable financial institution that ranks as Turkey s fifth largest private sector bank, we achieved a highly beneficial partnership with Unicredito Italiano, Europe s most profitable bank. This means that Koc will at last gain prominence in the finance sector. The e-transformation of Koc is well under way. We have made significant progress toward adapting and changing business processes, selecting and deploying internet business solutions, building the underlying technology architecture, and creating a web culture. This financial and cultural transformation has already created savings of nearly $30 million and promoted greater synergy between our various business units. Strong momentum and sharp focus In taking stock of who we are and where we are going, we reaffirmed the importance of our core beliefs and values: customer focus, continuous improvement, financial success and the reputation of Koc as a responsible company that stands by its customers. The name Koc is much more than a family name; it is a symbol for all our employees, partners, dealers and suppliers. The confidence Koc Group has created among customers stems from this reputation for responsibility and quality. Koc Group occupies a central role in the Turkish economy. As such, we are particularly concerned about the quality of the environment. Carelessness and ignorance have already polluted our air and water to an alarming degree. At Koc, we have moved to equip all our factories with environmentally sound wastewater and energy systems. We hope to set an example of corporate environmental responsibility to other enterprises and industrialists. 9 Koc Group believes very strongly in the responsibilities of corporate citizenship. Through the Vehbi Koc Foundation and the personal commitment of the Koc family, a significant contribution has been made to education, healthcare and cultural heritage. A professionally managed family owned company Despite the fact that Koc Group is predominantly family owned, it is the most professionally managed corporation in Turkey. I see this as the greatest achievement of my 19 years at the helm of Koc Group. Thus, I have decided to stand down as chairman effective April 2003 in favor of Mustafa Koc, my eldest son. He has worked in various capacities in the Group since 1984, most recently as Vice Chairman of the Board of Directors, and is well prepared to take over as Chairman. He will be ably assisted by the Board, which has been enriched by the addition of two new members nan K rac, a former CEO of the Group who is also a family member by marriage, and Alessandro Profumo, the CEO of Unicredito. As honorary chairman of Koc Group as well as chairman of Temel Ticaret, Koc Holding s largest shareholder, I will continue to follow very closely the progress of the Group. In the new structure, Vice Chairman Temel Atay has been appointed to head up a Family Office, in addition to his other responsibilities, in order to convey the views of the Family to the Board of Directors. A clear sense of direction and purpose We enter the new year with a clear sense of direction and purpose. The achievements of 2002 provide a firm foundation for the challenges of the years ahead. The enthusiasm and hard work of our employees, the skill of our workers and the dedication of our managers enable the Koc Group to look to the future with confidence in our ability to successfully compete in an increasingly liberal world. As we enter 2003, our momentum is strong and our focus is sharp. We have the impetus and flexibility to grow in Turkey and overseas as increasingly we operate as a multinational company with great strength in our home market. We believe the preservation and enhancement of our employees knowledge, skills, experience and enthusiasm are essential for consolidating the Group s strength in the long term. We endeavor to make our dealers and suppliers partners in our enterprise in order to deliver value to everyone who works with us. For in reality, Koc Group encompasses more than our 50,019 employees; it includes all our dealers, suppliers, customers and shareholders. The good results achieved in 2002 stem from the efforts of all these people and organizations and I offer them my sincerest thanks. Rahmi M. Koc 10 11 Rahmi M. Koc / Chairman Suna K rac / Vice Chairman Temel Atay / Vice Chairman Mustafa V. Koc / Vice Chairman Semahat Arsel / Member Sevgi Gonul / Member Erdo an Gonul / Member F. Bulend Ozayd nl / Member - CEO Hasan Subafl / Member Yavuz Alangoya, PhD / Member W. Wayne Booker / Member H. Oswald Maucher / Member John H. McArthur / Member Nevzat Tufekcio lu / Auditor B o a r d o f D i r e c t o r s 2 0 0 2 12 L e t t e r f r o m t h e C E O In 2002, we embarked on an ambitious program aimed at creating shareholder value by generating aggressive growth through focus, discipline and ingenuity. Clear results have been achieved amidst fierce international competition and adverse economic conditions around the world: Consolidated revenues increased by 8% to $ 6.7 billion, despite the 34% decrease in banking and financial services revenues. This decline is caused by the decrease in nominal interest rates, and is more than offset by the 24% upsurge in other sectors revenues. Exports increased by 50% to $ 2.2 billion. Total foreign exchange earnings including operations abroad rose 48% to $ 3.2 billion. Consolidated operating profit increased to $ 244 million, from a loss of $ 287 million previous year. The main contributor to this turnaround is banking and financial services, whose operating profits improved drastically despite the decrease in revenues. Consolidated net income improved to $ 25 million, from negative $ 312 million in 2001. To reach our aggressive growth target, we continued our capital expenditures and spent $ 689 million. We were also able to provide employment for more people while at the same time streamlining our activities and cutting costs in order to enhance profits. During the year, the value of the Turkish Lira (TL) against the US Dollar and Euro as well as the /$ parity fluctuated considerably. As a consequence, comparisons with previous years results are dependent on the currency used. Hence, our financial highlights are given in each of the three currencies. Moving closer to the consumer to create shareholder value The restructuring plan that we began to implement in 2002, by identifying sectors to grow in, to divest from and to enter, has made Koc more focused and more efficient. Our successes during the year were many, reflecting efforts to reshape our portfolio around a central, defining theme of closeness to the consumer. We seek growth in businesses in which we have a competitive advantage, have a tradition of success and are close to the consumer. Closeness to the consumer through a widespread, effective distribution network creates a competitive advantage in the domestic market. Koc Group is determined to take full advantage of our differential competitive advantages to grow in consumer-oriented businesses in which we have traditionally been successful. Major steps taken in line with our strategy include our 50-50% joint venture with Unicredito in the financial services sector, acquisition of a 50% stake in OPET in the energy sector, Duzey-BAT co-operation in distribution business and a new initiative in CRM business which has, by launching PARO, Focus, discipline and ingenuity produce results 13 developed a unique platform to utilize promotional tools and customer base data in order to provide personalized sales solutions. The strategic plan we have developed focuses on earning a significant portion of revenues from outside Turkey. Exports are essential for growth in the international arena and crucial for mitigating the negative impacts of increasing local competition and the instability of the Turkish market. In line with our international expansion strategy, Arcelik, Beko, Tofafl, Ford Otosan and Migros performed successfully, making solid progress towards generating significant revenues through overseas operations and exports. Information Technologies Group, entering a joint bid with Turk Telekom for a stake in Bulgarian Telecom Company, demonstrated our strong commitment to international growth. We will continue to increase our foreign exchange revenues through international operations while maintaining our competitive advantage in the domestic market. We are committed to investing in and leveraging our own brands and creating or acquiring international brands. Maximizing value to our business can be achieved through effective brand management. To develop and own reputable brands that are well-known both in Turkey and the international arena will pave the way to become a global company. A major step was taken by Arcelik in that respect by increasing its number of brands to nine through acquisitions in Europe. We will continue to invest in our own brands while developing or acquiring new international brands. Furthermore, we are keen to use new technologies for major business processes in order to strengthen our existing businesses and create new opportunities. The etransformation of the Group is starting to make a decisive difference in how we do business. We are withdrawing from sectors in which we are a minor player or those that have little potential for further growth. Wise use of financial and human resources is a prerequisite for tapping our development potential. Consequently, we are focusing on large scale businesses rather than small scale ones and divesting from sectors in which we are not a leader or which do not have growth potential. Combining our food companies under the Tat umbrella and the Fruehauf-Otokar merger will create significant operational efficiency through optimization of resources. Building on our momentum By exploiting new opportunities and enhancing efficiency in our core businesses and work processes we believe we can achieve growth of 14% per year. Shareholder value created by this growth will position Koc Group as a major European company in the years ahead, thus securing a prosperous future for all our stakeholders. In elucidating clear strategies and criteria, we have made significant changes in internal processes. Internally, we have linked the strategic plan with a financing plan to ensure that all new initiatives and projects fit these criteria. We have totally redesigned our human resource management systems to motivate and reward managers for their performance. We look forward to building on our momentum in 2003 to create greater value, serve our customers better and produce ever stronger growth despite prevailing uncertainties in the economic and political outlook. F. Bulend Ozayd nl 14 B u s i n e s s U n i t s : 2 0 0 2 P e r f o r m a n c e A u t o m o t i v e D u r a b l e G o o d s E n e r g y I n f o r m a t i o n T e c h n o l o g i e s 15 F o o d & R e t a i l i n g F i n a n c i a l S e r v i c e s T o u r i s m & C o n s t r u c t i o n I n t e r n a t i o n a l T r a d e 16 Tofafl is the biggest automotive exporter in Turkey as well as the largest producer. The slump that affected the automotive industry in Turkey in 2001 continued throughout 2002. Total sales dropped to 176,460 vehicles, a decline of 12.7 % from the previous year, representing only 27 % of the total domestic demand in 2000. Passenger car sales skidded 69 % to 94,808 units from 137,800 of the previous year. However, contrary to the decline in passenger car sales, some improvements were experienced in the commercial vehicles segment. Light commercial vehicles sales increased by 21% to 67,410 units; medium commercial vehicles sales rose 34 % to 5,400 units; heavy commercial vehicles reached 8,550 units, 52% higher than the year before. Soft demand in the domestic market made exports imperative: Koc companies exported 46 % of Turkey s total exports of 257,744 vehicles. Fiat Group Tofafl focused on exports in 2002 while at the same time building market share in the domestic market. Exports totaled 751 million in 2002, primarily the light commercial vehicle Fiat Doblo, which is sold in 52 countries around the world through Fiat Italia. This makes Tofafl the biggest automotive exporter in Turkey as well as the largest producer. In all, 108,336 vehicles were manufactured by Tofafl. Tofafl was selected as one of Fiat s four worldwide production centers and awarded marketing responsibility for Fiat products in 19 countries in the Middle East and Commonwealth of Independent States (CIS). Exports to Middle Eastern markets started in small quantities in late 2002 and show good potential for growth in 2003. Exports of 800 million are targeted for 2003. In the domestic market, Tofafl led the domestic market in 2002 with a combined market share of 15.4% for light commercial vehicles and passenger cars. In total, 24,278 vehicles were sold in Turkey, mainly Doblo and Palio. The Bird series, Turkey s most popular vehicles for decades, has been gradually phased out. Marea is also being discontinued in line with Fiat s worldwide policies. All vehicles are now branded and sold as Fiat rather than Tofafl. Alfa Romeo was added to the product line as a separate brand sold through its own showrooms. Tofafl launched the first "Made in Turkey" international race car, the Fiat Palio Super 1600 at the Anatolian Rally held in Antalya on 5-8 September. The car is the result of a long-term research and development effort, know-how and technological infrastructure. Otoyol, a joint venture with Iveco, Fiat s commercial vehicle subsidiary, commenced production of the mid-size Iveco Eurobus, developed by Turkish designers and engineers. The company is trying to negotiate a new agreement to manufacture the entire range of Euro cargo trucks. Turk Traktor successfully launched a new series of blue tractors for Europe and red tractors for the U.S. market. Developed in cooperation with Case New Holland, the New Holland TD/JX Series meets European Union standards, is economical to operate and easy to use and maintain. Sales got off to a good start in 2002 and large orders have been received for 2003 from Australia, China, Canada and the United States. Birmot, a wholly owned subsidiary of Koc, markets 48% of Fiat cars and light commercial vehicles in Turkey and 15% of Iveco-Otoyol products. Birmot was formed in July 2001 as a result of the merger of 11 distribution companies. A u t o m o t i v e 17 Transit Connect was chosen International Van of the Year in Europe. A u t o m o t i v e 19 Ford Otosan Ford Otosan boosted exports five-fold in 2002 to 30,800 vehicles, fueled by the success of the Transit, the all-new Transit Connect and Tourneo Connect. Export sales reached 354 million, representing half of total revenues, evidence of the transformation of Ford Otosan from a domestic sales and manufacturing company to one increasingly focused on exports to Europe. The Transit Connect, a van type commercial vehicle under development by Turkish, American and European engineers since 1998, won prestigious international awards, notably the International Van of the Year in Europe Award and the Designers Award at the Brussels Auto Show. Following the introduction of a new engine for the Transit in 2001, Ford Otosan worked on a truck engine for a new truck that is scheduled to be introduced in 2003. In the local market, Ford Otosan and the Ford brand achieved total domestic market leadership for the first time ever. As total domestic sales advanced to 24,175 units in a shrinking market, market share increased to 13.7%. In the light commercial vehicle range, the Transit Connect and Tourneo Connect lifted Ford Otosan to the #2 position in the market, capturing an 18.3% market share in just four months. As the new Kocaeli facility came fully online, a capacity expansion from 140,000 to 200,000 vehicles per year was initiated that will enable Ford Otosan to take over Transit production from Ford s Belgium plant. By 2004, Ford Otosan will have completed a $950 million investment in facilities, new products and tooling for vehicles. Plans call for exporting 70-80% of production. In the passenger car segment, Ford Otosan introduced the new Fiesta and diesel versions of Focus, Fiesta and Mondeo. Otokoc boosted its share in Ford sales from 28% to 30% in 2002 while reducing the number of showrooms to 14. During the year, the 3S concept (sales, spare parts and service) was extended to all showrooms. Exports increased as the local market slumped. The further weakening of the domestic automotive market sharpened our focus on exports, which rose 13% from 122 million to 138 million. Koc Group revised its portfolio in this area by swapping its shares in Goodyear Turkey with Goodyear Tire and Rubber Company and its 50% interest in Sachs Beldesan to its joint venture partner ZF Sachs of Germany, thus ending the involvement of Koc in manufacturing both tires and shock absorbers. In 2003, mergers and development of exit strategies for minority shareholdings will continue with importance given to expanding in exports and retailing. Doktafl raised exports by 11% to 82 million. Ford Motor Company honored Doktafl with the "World Excellency Award" given to it best suppliers on the basis of quality, delivery and price. Doktafl supplies alloy wheels to Ford. Mako was named a global supplier for Ford Motor Company, opening up the prospect of more export business. Production of stop lamps for the German-manufactured Fiesta started in 2002. Beldeyama became the sole moped manufacturer of Yamaha Group. Beldeyama exported 50% of its total production of Yamaha motorcycles, mopeds and bicycles in 2002. Tekersan produced Michelin Kronprinz light commercial wheel rims for the European market as well as rims for Tofafl, Ford Otosan and Michelin. Takosan worked on a contract in Romania and sought more export markets for its products. Matay supplied exhaust systems and catalytic converters to local customers. Oltafl began distributing Continental brand tires in 2002 after discontinuing Fulda. Although the business is very new, the company achieved a satisfactory market share. Fruehauf was merged into Otokar to create a more efficient corporate structure and grow in the trailer business. Fruehauf exported 100 tankers to Iraq, half of the volume of a contract signed in 2001. Declining military budgets adversely affected Otokar s prospects; in light of this, the company boosted exports to 27 million and introduced a new midibus. S u p p l i e s a n d O t h e r A u t o m o t i v e C o m p a n i e s 21 Acquisitions in Europe transformed Arcelik into a multinational. Arcelik progressed rapidly in 2002 with its acquisitions of Blomberg in Germany, Elektra Bregenz and its Tirolia brand in Austria, Arctic in Romania and Leisure and Flavel brands in the United Kingdom. These acquisitions make Arcelik a truly multinational company, with annual sales of 250 million in Europe. With consolidated worldwide net sales of 1.6 billion in 2002, Arcelik products are marketed in more than 85 countries, mainly under the Beko brand. Exports from Turkey increased by 40% to 410 million, representing 33% of total sales. The local market continued to languish, gaining back just 6% of the 40% decline in consumption experienced in 2001. Nevertheless, Arcelik grew by 11% in the local market and boosted total production of major household appliances to four million units, 44% over the previous year. The company targets growth of 11% in euros in 2003. A new logo introduced in December signals the transition of the company from an industrial enterprise to a consumer-focused global technology company. Arcelik continues to rank as Turkey s best known brand and most admired household appliance manufacturer in 2002, bolstered by the selection of its Cay rova facility as the "Best Washing Machine Factory in the World" by the Japanese Institute of Plant Maintenance (JIPM) which also awarded the company the TPM Excellence Award. Beko Elektronik the leading Turkish television producer, invested $25 million to expand annual manufacturing capacity to 5.5 million sets. Working round the clock, Beko doubled production in 2002 to 4.2 million TV sets, making it the third largest television manufacturer in Europe. The 50 million loan secured from International Finance Corporation (IFC) in November will help Beko increase exports to 5.25 million TV sets in 2003. In early 2003, Beko established Fusion Digital Ltd in the U.K. with a local partner to produce and sell set top boxes for digital TV broadcasting. Arcelik LG Klima captured 54% of Turkey s air conditioning market in 2002 while exporting 30% of production to eight countries, a remarkable achievement in its first operating year despite adverse market conditions. D u r a b l e G o o d s Beko became the #3 television producer in Europe. 23 Putting forward a sensible working strategy for Food and Retailing. Koc is determined to continue to lead the Turkish retail market and use its first mover advantage in regional markets, targeting aggressive growth, enhanced efficiency and productivity and sustainable competitive advantage. The prolonged impact of the economic crisis in Turkey has decreased consumer purchasing power and changed shopping habits, contributing to a very difficult trading environment. Despite this, Migros, grew by 8.5% and maintained its position as the leading retailer in Turkey. Its revenues are more than double the nearest competitor and it demonstrated a sustainable profit performance whereas most competitors announced significant losses in 2002. Objective criteria has been applied to the Migros store network in Turkey in order to improve sales and profit per square meter. 16,000 square meters of new area was opened, including shopping centers in Gaziantep and Diyarbak r in the east, while more than 40 non-performing small stores were closed. More growth is targeted for 2003, both organically through opening of new outlets and through the acquisition of 11,500 square meters of space in 11 stores from Oyak, the pension fund for active and retired officers and non-commissioned officers of the Turkish Armed Forces. In 2003, more focus will be given to customer relationship management in order to increase the number of loyal customers. Kangurum, under the umbrella of Migros, is the leading B2C player in Turkey. The site hosts more than 60 different on-line merchants selling a wide variety of goods and services. Abroad, Ramstore has achieved a very significant success. 24,000 square meters of space was added, representing growth of 90% in one year, with further growth of 50% planned for 2003. Four stores and two shopping centers were opened in Moscow, bringing the total number of outlets in the Russian capital to 15. Amidst increasing international competition in Russia, Ramstore leads the modern retail market in Moscow with more than 97 % awareness among Russian shoppers. Stores were also opened in Siberia and Tartaria as Ramstore broadened its network. The second Ramstore opened in Sofia, the Bulgarian capital. Profitability continued to increase as sales revenues reached 255 million. The process of creating one big food company was initiated by incorporating Pastavilla, Maret and SEK into Tat at yearend. This underlines efforts to pursue sustainable growth in selected categories, ensure stronger channel and brand management, optimize resources and improve innovation capability. Combining the four companies will create significant savings in production, marketing, finance, distribution and human resource management. By exploiting the scale, scope and cost saving opportunities, it is expected that the new combined food business will also maintain a strong competitive position in the Turkish FMCG market. Tat is also looking to expand into other categories such as bottled water. Maret added poultry to its line of fresh and delicatessen meat. Pastavilla made good progress in export sales and SEK managed to gain share in the dairy sector. Formation of a common export department, application of brand and channel management systems and redesign of business processes have already started with the target of doubling sales revenues in five years. In a very fragmented market like Turkey s, a key success factor is distribution and management of sales outlets. Consequently, Duzey, a general distribution company that is the exclusive distributor for British American Tobacco (BAT) cigarettes, was revitalized and reorganized by channels. Effective utilization of information technology will enable Duzey to take advantage of its product portfolio and control distribution to 100,000 end points. Koctafl, which operates five Do-It-Yourself stores in Turkey with total selling space of 22,000 square meters, improved its performance and operational efficiency in 2002. F o o d & R e t a i l i n g 25 Unicredito Italiano SpA took a 50% stake in Koc Finansal Hizmetler A.fi. in the largest international acquisition in Turkey in 2002. Koc Holding and Unicredito Italiano SpA finalized a 50-50% partnership ag