ANKUTSAN Reports Strong Growth

ANKUTSAN climbed 88 positions on the Capital 500 list of Turkey's largest companies based on year-end 2021 revenue figures, ranking 387th. This year, Ankutsan ranked 212th in the results of ISO Turkey's 500 Largest Industrial Establishments survey for 2021, and continues to rise on the Capital 500 list. The Capital 500 survey, which features the largest companies in 38 sectors, is a major league listing the 500 highest-revenue companies in Turkey in one place. Since its founding in 2002, ANKUTSAN, the visionary company in the packaging industry and the leading firm in the corrugated cardboard box sector, has doubled its investments, production, exports and employment year after year. The company jumped 88 positions on the Capital 500 list in a single leap, becoming one of the list's star companies. ANKUTSAN continues its operations with advanced technology production, sustainable quality understanding and innovative perspective, providing qualified solutions for the box needs of all sectors while converting the growth it has achieved through quality service understanding into investments and employment. Growing day by day as Turkey's rising value, ANKUTSAN ranked 387th on the Capital 500 list with a turnover of TRY 2,275,000 achieved in 2021.

Targeting 77 Percent Growth and TRY 4 Billion Revenue

The fastest-growing company in the corrugated cardboard sector with facilities established across Turkey following an Industry 4.0 approach and advanced technology production methods. With over 1,000 employees and 6 factories located in Antalya, Mersin, Ankara, Adana and Tekirdağ Çerkezköy, it produces 420,000 tons of corrugated cardboard sheets and boxes annually. With its new paper mill investment in Adana, it will have a capacity to produce 300,000 tons of paper. As the largest exporter in the corrugated cardboard box sector, ANKUTSAN is targeting 77 percent growth and TRY 4 billion in revenue for 2022.

Major Investment

Ankutsan, the 387th largest company in Turkey on the Capital 500 list, is rapidly advancing work on its new factory in Adana, in which it invested EUR 60 million. With this investment, ANKUTSAN will open its second paper mill in Adana and aims to complete the new factory in the final quarter of 2023. With its new facility, ANKUTSAN will produce all the raw materials it needs for corrugated cardboard box and sheet production, taking a major step in its sector with a facility equipped with the most advanced technology.