Letter From The Chair

In 2019, we, as Sabancı Group, operated in line with our strategic roadmap, which we created with a long-term perspective. While managing our portfolio in a dynamic way, we focused on areas that demonstrate high growth potential for the future.

We embraced our Sabancı of New Generation vision and completed 2019 with many achievements thanks to our goal-oriented work discipline.

Esteemed investors, business partners and valued employees,

The world and Turkey have left a challenging year behind. The effects of trade wars, the Brexit process and tensions in various geographic areas reverberated across the globe. During the year, Turkey’s local elections, regional problems, and economic situation topped the agenda in the country.

In 2019, Sabancı Group conducted its business activities in line with its strategic roadmap, which was created with a long-term perspective. While managing our portfolio in a dynamic way, we focused on areas that demonstrate high growth potential for oir business lines of the future. We prioritized transforming our business in accordance with developments in technology and future expectations.

We embraced our Sabancı of New Generation vision and completed 2019 with many achievements thanks to our goal-oriented work discipline.

In the Wind Renewable Energy Resource Areas (YEKA) tender, we won two out of four regions – Aydın and Çanakkale – with Enerjisa Üretim. We will be the biggest player in the global white cement business thanks to the acquisition of the Buñol Factory in Spain by Çimsa. With Kordsa’s fourth acquisition, Axiom Materials Acquisition LLC, we are creating a growth platform in North America, the home of the space and aviation industry. While Kordsa has become a global producer of advanced material technologies, we also continue our investments in Turkey. We have also completed our additional spun thread investment that will facilitate new generation production. Furthermore, we opened the doors of SabancıDx Digital Campus – the driver of our digitalization. With this effort, we are opening up a new dimension that will create even more added value for our digital ecosystem.

During the year, we achieved other various successes driven by our passion to work hard and produce efficiently. In 2020, Sabancı Group will move forward to more ambitious goals by providing value to our country and all our stakeholders. Backed by our world-class work approach, sustainability and responsible resource utilization remain our top priorities in addition to financial success for the coming period.

I would like to extend my gratitude to our employees, business partners, customers and stakeholders for their contribution to our successful results in 2019.

Güler Sabancı
Chair