Review meeting of the year 2012 of Akkok Group was held in Istanbul with the participations of Ahmet Dorduncu, Chief Executive Officer of Akkok Group; Ahmet Umit Danisman and Raif A. Dinckok, members of the Executive Board; and Ozlem Ataunal, member of the Executive Board and CFO of Akkok Group. In the meeting where the combined financial statements of the year 2012 was reviewed, it was declared that the sales rate was increased as 7% when compared with the previous year and reached $ 3.1 billion. Continuing to grow inspite of the global financial crisis, Akkok Group gained a net profit of 409 million dollars. Total market value of Akkok’s five public companies, the shareholders’ equity of which increased 16% and reached $ 1.8 billion, is now over $ 2 billion. Stating that they keep on their investment by focusing on the sectors in which they strongly believe to carry Turkey to the 10 largest economies, Ahmet Dorduncu, Chief Executive Officer of Akkok Group added: “2012 has been a year in which we made investments in energy, chemicals and real estate sectors that we specifically focused on. These sectors became driving force for our developments. We gained financial turnover as 55% from energy, 36% from chemistry and 16% from real estate sector. We maintained our growth and profit despite the global crisis. We have an investment plan for 2013 with 565 millon dollars in order to sustain our development. We aim to increase our $ 3.1 billion dollar financial turnover of this year to $ 5 billion dollar by 2017.”
THE CHEMISTRY SECTOR
WILL CARRY TURKEY TO 2023
Implying that they believe the chemistry sector is the development indicator, Mr. Dorduncu stated; “We began to reap the benefits of our investments in R & D and innovation. R & D Center of Aksa Akrilik, the largest producer of acrylic fiber with 14% market share achieved a phenomenal success and produced carbon fiber which is strategically important all over the world. We entered into the carbon fiber market in 2009 by improving our technological infrastructure as a result of Turkish engineers success. Carbon fiber, a vital product for many sectors especially energy, automotive, aviation and aerospace industry, can be produced only in 7 or 8 countries. In the year 2012, DowAksa was established based on equal shares of 50% joint-venture by Aksa Akrilik and Dow Europe Holdings B.V, the associate of The Dow Chemical Company.DowAksa is now one of the strongest candidates to be the leader in the production of intermediate goods such as carbon fiber and carbon fiber.” Carbon fiber will offer innovative solutions for the most problematic issues facing the world such as wind turbines to increase energy production, reducing fuel consumption in cars, infrastructure and strengthening the life extension of structures. Carbon fiber composites industry, the size of which is currently estimated to be $ 10 billion in the world, is expected to reach $ 40 billion by 2022. Believing that not only Akkok Group but also Turkey will develop with the improvement of fiber industry, Mr. Dorduncu said; “In the next term, this is one of the elements that will contribute to the reduction of current account deficit in Turkey 
with this product which will reduce the dependence on foreign countries by supporting the sectors which are backbones of the economy such as energy, aviation, aerospace and automotive industries and with our investments on chemical industry. With our target of being among the world’s most important companies in the carbon fiber in 2023, we will invest over $ 1 billion in this sector in 5 years.” Asserting that Ak-Kim also takes its competitive strength from R & D studies, Mr. Dorduncu added; “Ak-Kim has developed 50 products of performance chemicals by investing 4 million TL in R & D studies only in 2012. Our target is to reduplicate our sales rates by 2017 in Ak-Kim, which showed a growth of 30% in terms of tonnage in Europe market. We will both develop new products in the industry and grow with international partnerships.
AKKOK IS STRUGGLING FOR SUSTAINABLE FUTURE
Stating that as a group company making investments for the future, they always keep the sustainability at the forefront, Mr. Dorduncu highlighted that they are pioneer with their works in energy and chemical industry. “Akenerji is the first company to apply for the national carbon registry. It is, at the same time, one of the two energy companies which are involved in Carbon Disclosure Project from Turkey. On the other hand, Aksa is one of the first Turkish companies to sign The UN Global Compact, which conveys the global principles towards sustainable development of the private sector. Aksa has been the one and only Turkish chemical company certified with “C level” and included in 2011 yearbook by GRI (Global Reporting Initiative)” he said. Referring that global economy supports the companies which which seems now more proactive in the management of waste water, Mr. Dorduncu said; “We believe that water will be an important driving force for sustainable economic development. Ak-Kim, having combined its innovative solutions with the responsibility of nature and society, managed to develop innovative products for treatment and recycling of water. Producing iron (III) chloride used for water treatment by retaking hydrochloric acid solution generated by facilities as waste materials, Ak-Kim made the recovery by accepting nearly 5.000 tonnes of hydrochloric acid solution to the facility in 2012.”
SOCIAL CONTRIBUTION PROJECTS
INCREASE DAY BY DAY
Carrying out various studies in order to improve social and cultural life in its area of activity, Akkok has been introducing Atesböceği Mobile Learning Unit to children in a collaboration with TEGV in Yalova since 2009. The project, having contributed to the growth of 10 thousand children so far, is aimed to reach every child in Yalova. Having organized the first children’s festival of Yalova in 2012, Akkok also supports YOSK (Yalova Orthopedic Sports Club) playing in Wheelchair Basketball Super League since November, 2012. Akkok noticed that the places where social and cultural events are organized are not enough and established Raif Dinckok Cultural Center for the city in 2011. Having carried out six school projects for our children and youth in various cities so far, Akkok Group will establish a new school in Van in the next term. Akkok also supports Yalova University and undertakes the construction of the rector’s office.
