Koç Holding in the context of "Grundig"

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⭐ Core Definition: Koç Holding

Koç Holding A.Ş. (Turkish pronunciation: [kotʃ]) is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and is listed on Fortune Global 500 as of 2024. Koç Holding's contributions make up to 7% of Turkey's overall exports. The company is controlled by the Koç family, one of Turkey's wealthiest families.

Founded in 1926 by Vehbi Koç, it is regarded as one of the pioneering actors in the industrialization of Turkey. Subsidiaries owned by Koç Holding engage in a variety of sectors, including banking, energy, automotive, household appliances, and defence.

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👉 Koç Holding in the context of Grundig

Grundig (English: /ˈɡrʌndɪɡ, ˈɡrʊndɪɡ/ GRU(U)N-dig, German pronunciation: [ˈɡʁʊndɪç], Turkish pronunciation: [ˈgɾundig]) is a home appliances and consumer electronics brand. It is owned by Arçelik A.Ş., the white goods (major appliance) manufacturer of Turkish conglomerate Koç Holding. Originally a German consumer electronics company, Grundig GmbH was founded in 1945 by Max Grundig and was headquartered for the most part in Fürth until its insolvency in 2003.

The Grundig company helped fuel the post-war economic miracle of West Germany and it grew to become one of the leading manufacturers in the world of radio, TV, recording and other electronic equipment in the following decades. In the 1970s, Philips began acquiring Grundig's shares, leading to complete control in 1993, but Philips divested Grundig by 1998. Grundig filed for bankruptcy in April 2003 after years of losses and strong competition from cheaper Asian competitors.

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Koç Holding in the context of Otokar

Otokar Otomotiv ve Savunma Sanayi A.Ş., also known simply as Otokar, is a Turkish bus and military vehicle manufacturer headquartered in Sakarya, Turkey. Otokar is a subsidiary of Koç Holding.

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Koç Holding in the context of Tofaş

TOFAŞ Türk Otomobil Fabrikası A.Ş (acronym for Türk Otomobil Fabrikası Anonim Şirketi; Turkish Automobile Factory Joint-Stock Company pronounced [tofaʃ]) is a Turkish automobile manufacturer which was established in 1968 by Vehbi Koç, who founded Koç Holding, based in Bursa, where the manufacturing plant of the company is located. It is jointly owned by Stellantis and Koç Holding (37.8% of the company's shares belong to Stellantis (through Fiat Group Automobiles); 37.8% to Koç Holding; and 24.3% freefloat).

Tofaş manufactures both passenger cars and light commercial vehicles. It is one of the biggest automakers in the sector, with its 7,000 employees and 450,000 vehicles annual production capacity. Tofaş manufactures for the Fiat, Citroën, Peugeot, Opel, Vauxhall and RAM brands in Bursa, which has achieved for it the “Gold Level” within the scope of the WCM-World Class Manufacturing Program that is implemented in the 175 plants within the framework of Stellantis.

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Koç Holding in the context of Ford Otosan

Ford Otomotiv Sanayi A.Ş. (Turkish for 'Ford Automotive Industry'), doing business as Ford Otosan, is an automotive manufacturing company based in Turkey that is equally owned by Ford Motor Company and Koç Holding. The company was established in its current form in 1977, with original relations dating back to 1928. It currently operates in six locations: Gölcük and Yeniköy plants in Kocaeli, İnönü plant in Eskişehir, Craiova plant in Romania, Sancaktepe R&D Center and spare parts warehouse in Istanbul. The company employs more than 20,000 people and had a production capacity of over 934,500 vehicles, 430,000 engines, and 112,000 powertrains by 2024.

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Koç Holding in the context of Vehbi Koç

Ahmet Vehbi Koç (20 July 1901 – 25 February 1996) was a Turkish billionaire, businessman, entrepreneur and philanthropist who founded the Koç Group, one of Turkey's largest groups of companies. During his lifetime, he came to be one of Turkey's wealthiest citizens. He was also a well-known philanthropist with interests in health, education and the arts.

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