The 2021 list of “Turkey's Top 500 Industrial Enterprises” prepared by the Istanbul Chamber of Industry has been announced. İzocam, the leading company of the insulation sector, was included in the giant industrial companies of Turkey this year as well.
İzocam, which has been leading the insulation industry in Turkey for 57 years, raised the bar for success in domestic and international markets and took its place in the ISO (Istanbul Chamber of Industry) 500 this year. The ISO 500 list has been determined by ISO based on the companies' sales from production, net sales, added value, equity, total assets, profit/loss before tax, profit/loss before interest, amortization and tax, exports and average number of employees in 2021. İzocam, which took a leap in its sales and profitability in 2021, moved up 8 steps compared to the previous year and became the 456th company in the ISO 500 list.
Emphasizing that İzocam is the sought-after brand for important projects both in the country and abroad with its products and solutions suitable for every need, İzocam Managing Director Mr. Murat Savcı stated that they have crowned their leading position in the sector by entering the ISO 500 list every year and achieving to become one of Turkey's top 500 industrial establishments. Noting that they closed the year 2021 with double-digit growth figures by almost doubling their turnover they had in 2020,Mr. Savcı
stated that they completed the year with a sales revenue of 1.2 billion TL. Mr. Savcı said that their market share in the domestic market is approaching 25%, and explained that as a company with exports exceeding 800,000 m³, 20% of the company’s last year turnover consisted of export revenues.
Managing Director of İzocam Mr. Murat Savcı also included in his statement the targets for 2022, and noted that they aim to exceed a sales figure of 2 billion TL in 2022. Emphasizing that they aim to increase their export sales above the level of 30 million US dollars, Mr. Savcı said, "We aim to increase the share of exports in our turnover to over 30% in the medium term. In line with this target, we will continue to search for new markets in 2022. We continue our export activities abroad, especially in the Turkic Republics, Africa, the Balkans, Asia and the Middle East, without interruption. İzocam is a preferred brand especially in the Middle East and the Balkans. We are the most important manufacturer of the Middle East air conditioning market. We will continue to maintain our strong position in the Middle East als this year with our new products that we will launch in the air conditioning field. In line with our goal of increasing the share of our export revenues in our turnover, we will continue our search for new markets. While expanding our dealer network in the markets of the countries we currently operate, we will also grant new dealerships in target countries. Our search for markets in Central Africa, which we have focused on in recent years, continues in 2022. We also aim to increase our promotional activities in the CIS (Commonwealth of Independent States) countries.”