Zorlu Holding facts for kids
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| Industry | Textiles, Mining and Metallurgy, Consumer Electronics, White Goods, Telecommunications, Energy, Real Estate, Aviation, Automotive |
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| Founder | Hacı Mehmet Zorlu |
| Headquarters | |
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Key people
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Ahmet Nazif Zorlu, Zeki Zorlu, Olgun Zorlu, Emre Zorlu |
| Revenue |  $9.3 billion (2022) |
| $173 million (2022) |
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| Total assets | $18.9 billion (2022) |
| Total equity | $4.1 billion (2022) |
| Owner | Zorlu family |
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Number of employees
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36,000 |
Zorlu Holding is a big company from Turkey. It works in many different areas. These include making clothes, electronics, and home appliances. They also work in energy and money services. Zorlu Holding has its main office in Istanbul.
Contents
A Look at Zorlu's History
The Zorlu group was started by Hacı Mehmet Zorlu. He laid the foundation for this large company.
Growing Through the Years
In 1994, Zorlu Holding bought an electronics company called Vestel. This was a big step for them. It helped them get into the world of electronics.
In 2011, the Zorlu Group chose a fancy hotel brand called Raffles. This brand would be part of their new project, Zorlu Center. This center was Turkey's first big project that combined many uses. It had shops, homes, and a hotel all in one place.
New Ventures and Big Plans
In 2016, the group talked with officials in Iran. They discussed building power plants there. These plants would use natural gas to make electricity.
In November 2017, Zorlu Group opened two important new facilities in Turkey. One was the country's first factory for producing nickel and cobalt. The other was Europe's first large factory for making smartphones.
In February 2018, Zorlu Group made a huge deal. They signed a $4.5 billion agreement with a Chinese company called GSR Capital. This deal was about making batteries. They planned to build a very large battery factory. This factory would make enough batteries for many electric cars. Through this deal, GSR Capital also became a part-owner of Meta Nikel Madencilik. This is a Zorlu Group company that produces nickel.
In November 2019, Zorlu Group announced more big plans. They said they would invest $400 million to make more products. They also planned to launch electric cars made in Turkey by 2022.
What Zorlu Holding Does
Zorlu Group companies are mainly active in several key areas. These include making textiles (like fabrics and clothes). They also make white goods (like refrigerators and washing machines). Another big area is electronics manufacturing (like TVs and phones). They are also involved in energy production and financial services.
Vestel: A Key Electronics Company
Zorlu's company Vestel makes many electronic devices. For example, they produce PVRs (Personal Video Recorders). These devices record TV shows. In the UK, these PVRs are sold under different brand names. Some of these names are Goodmans, Digihome, Hitachi, and Grundig.
How Zorlu Holding is Organized
Zorlu Holding has many different companies under its umbrella. These companies work in specific areas.
Textile Companies
- KORTEKS YARN
- BEL-AIR GARDINEN
- ZORLUTEKS TEXTILE
- KORTEKS AFRICA
- LİNENS MARKETING
- ZORLU USA
- ZORLU FOREIGN TRADE
- ZORLU UK LTD
- ZORLU HOMETEKS ZORLU GMBH
- ZORLU MENSUCAT
- ZORLU MACEDONIA
- BEL-AIR INDUSTRIES
Electronics Companies
- Vestel
Minerals Companies
- Meta Nikel Madencilik (This company is partly owned by GSR Capital.)
Energy Companies
- Zorlu Enerji:
- This company owns a part of natural gas facilities in Israel.
- It also runs the Gas-fired Lüleburgaz Power Plant.
- ZES (Zorlu Energy Solutions) provides charging stations for electric vehicles.
Defence Companies
- Vestel Defence
Who Leads Zorlu Holding
The Zorlu Group is led by two co-chairmen. They are Ahmet Nazif Zorlu and Zeki Zorlu.
