Renowned Concrete Industry Brand Submits Application for IPO
Albayrak Beton, one of the leading firms in the construction and ready-mixed concrete sector, has taken a significant step towards its public offering process by applying to the Capital Markets Board (CMB). The company's Chairman of the Board, Erdal Albayrak, stated that this step is aimed at enhancing the company's corporate structure and ensuring its sustainability. With 40 years of experience, Albayrak Beton is a trusted brand in the industry and plans to go public by offering its shares on Borsa Istanbul through a capital increase and share sale.
This process will be managed by Tacirler Investment Securities Inc. In a statement regarding the public offering, Erdal Albayrak mentioned, “We preferred to involve the public as shareholders and obtain financial support from the public. In this way, we aim to share these earnings with the public by generating profits and making investments.” The company is among the prominent ready-mixed concrete producers in Turkey and is also recognized for its qualified real estate projects.
Albayrak Beton’s position in the industry and its projects Founded in 1984 to operate in the sale of construction materials and logistics services, Albayrak Beton stepped into the ready-mixed concrete sector following the transformation in housing and construction material production after the Marmara earthquake. Established in 2003 by the brothers Şeref, Osman, and Erdal Albayrak, the company quickly secured a significant position in the regional market and began serving major firms in the sector.
Since 2014, Albayrak Beton has made its mark on mega projects by supplying concrete to numerous metro projects, including the Üsküdar-Çekmeköy Metro Line Project. The company has expanded its business opportunities by investing in the construction, mining, and energy sectors. Today, Albayrak Beton has significant capacity with four ready-mixed concrete plants and a capacity of 770 cubic meters per hour. The company has developed 411 independent units in six projects within the construction sector. Current ongoing projects include 'Teraphill 15' in Şile, 'Moonpark Koru', 'Teraphill Loft', and 'Villa Rise' in Çekmeköy.