Albayrak Concrete to Provide Production for Metro and Housing Projects

Albayrak Beton has pressed the button for its fifth ready-mixed concrete facility in Istanbul. Located in Çekmeköy and with an investment amount of 18 million 924 thousand TL, the Hüseyinli Ready-Mixed Concrete Facility will produce for metro constructions, qualified housing, infrastructure and superstructure projects.
Albayrak Concrete, which provides services in a wide range from metros to public buildings, from infrastructure to qualified real estate projects, has pressed the button for a new concrete facility investment.

The facility, which was built due to new development plans in the region, is also planned to meet the concrete needs of the ongoing and newly started metros.

Providing information about the facility that has started to be built in Çekmeköy Hüseyinli Neighborhood on the Anatolian Side of Istanbul, Albayrak Concrete Board Chairman Erdal Albayrak stated that class concretes and special concretes will be produced in the facility. Albayrak said the following:

“The Hüseyinli Ready-Mixed Concrete Facility, which we have started to establish and will soon start production, will produce class concretes and special concretes within the scope of R&D studies. Since we think that the need for ready-mixed concrete will increase in the upcoming period in metro projects, the Hüseyinli facility will create a potential support point. In addition, our facility, which is adjacent to Beykoz, will attract attention due to the new zoning plans made in the region. Our Hüseyinli facility, which has an investment amount of 18 million 924 thousand TL, will have a production capacity of 90 cubic meters per hour and approximately 173 thousand cubic meters per year. We aim to produce 2025 thousand cubic meters of ready-mixed concrete in this facility for 173.”

It will be an R&D base

“Our R&D activities will also continue within this facility. We will produce special concretes. We will sell them to public projects such as housing projects, factory projects, roads/bridges and metros. In addition, Albayrak Concrete will create capacity in the Yenidoğan facility by pouring some of the concrete poured on the north side of the Sancaktepe Yenidoğan facility here and will contribute to gaining a greater share of the market. We believe that the Hüseyinli facility will also gain a share of these markets by providing transportation advantages to the Üsküdar-Ümraniye-Beykoz-Şile districts due to its proximity to the Northern Marmara highway and the Şile highway.”

Aims to be in the Syrian and Ukrainian markets

According to the data of the Revenue Administration; Albayrak Beton, which ranks 1.020th among 15 companies in Turkey, is the concrete supplier of many important brands and metro projects on the Anatolian Side. Stating that they plan to increase their market share both in Istanbul and Turkey, Erdal Albayrak noted that they aim to increase their sales volume by establishing project facilities for large projects in Istanbul and Anatolia. Albayrak said that if the conditions are met, they definitely plan to be in the market that will be formed in the development of neighboring countries such as Syria and Ukraine. Erdal Albayrak said, “With our new facility, which is currently under construction, we have managed to become the preferred brand of the sector with five ready-mixed concrete plants in four different locations.”

Stating that according to 2023 data, 115 million cubic meters of ready-mixed concrete was produced throughout Turkey, Erdal Albayrak said that they met approximately 0,7 percent of this production. Stating that the company's market share in Istanbul was approximately 4,6 percent, Albayrak added that they increased ready-mixed concrete production by 2023 percent in 18,23 compared to the previous year.

Counting down the days for the IPO

On the other hand; Albayrak Beton, which is among the most important ready-mixed concrete producers in Turkey and also develops qualified real estate projects, has also applied to the Capital Markets Board (SPK) for an IPO. Albayrak Beton, which has also applied to BIST for its shares to be traded on Borsa Istanbul after the IPO along with the CMB application, is planning to offer its shares to the public through capital increase and joint sales. The IPO is targeted to take place in the first half of 2025.