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Gübretaş

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Fertilizer company in Turkey
Gübretaş
Founded1952
RevenueUS$1.31 billion (2023)
Operating incomeUS$106 million (2023)
Total assetsUS$1.18 billion (2023)
Total equityUS$616.19 million (2023)

Gübretaş is a Turkish fertiliser manufacturer founded in 1952, which has over 30% of the market to agriculture in Turkey. It sells products such as humic acid. It is now mostly an agricultural co-operative but a quarter of its shares are now on the Turkish stock market, and it is a BIST 30 company. It is at risk from the EU Carbon Border Adjustment Mechanism. Land confiscated from İpek Holding after the failed 2016 coup, containing gold reserves, was sold to Gübretaş. In 2023 the mining facility was opened by President Erdoğan, and the company said that it aims to mine 2.5 tonnes a year in two and a half years time. Gübretaş Mining is the subsidiary that will do so - and in 2023 a team of their miners supported rescuers after the 2023 Turkey–Syria earthquake.

References

  1. "Nourishing the Soil, Feeding the Nation - Architecture". e-flux. Retrieved 2023-02-02.
  2. "GÜBRETAŞ". Fertilizer Daily. Retrieved 2023-02-19.
  3. "How to Buy Humic Acid?". Turkish Coal Operations Authority.
  4. ^ "Turkey and Syria earthquake: Co-ops mobilise to support those affected". Co-operative News. 2023-02-09. Retrieved 2023-02-19.
  5. "Hakkımızda" [About us]. Gübretaş (in Turkish). Retrieved 2023-02-19.
  6. "Turkey reports major gold discovery". Hürriyet Daily News. 23 December 2020. Retrieved 2023-02-02.
  7. "Climate Change and Sustainability Research: Outlook on BIST 30 Companies". Sürdürülebilir Ekonomi ve Finans Araştırmaları Derneği (SEFİA) – Sustainable Economics and Finance Research Association. Retrieved 2023-02-02.
  8. "Erdoğan government grants legal immunity to corrupt loyalists who run unlawfully confiscated companies". Nordic Monitor. 2022-05-06. Retrieved 2023-02-10.
  9. "President Recep Tayyip Erdoğan attended Gübretaş Maden Yatırımları A.Ş Söğüt Gold Mine Facility Opening and First Gold Casting Ceremony". Justice and Development Party.
  10. "Presidency Of The Republic Of Turkey : "We have turned Türkiye into a center of production and trade in its region"". Cabinet of Turkey. Retrieved 2023-02-19.
  11. Salih, Yasemin (29 January 2023). "Söğüt Altın Madeni üç fazdan oluşacak... Yılda 400 milyon dolarlık ithalatı önleyecek" [Söğüt Gold Mine will consist of three phases... It will prevent 400 million dollars of imports per year]. Hürriyet (in Turkish). Retrieved 2023-02-19.
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