We have great pleasure in presenting this publication outlining the 50 year history of the KUTLUTAŞ group. It traces the development of the group from a small civil engineering company formed by two partners to one of the leading industrial giants of the modern Turkish economy.

We are very proud of today’s KUTLUTAŞ; with its more than 100 completed industrial facilities both in Turkey and abroad, 70 of these being of great size, millions of dollars of export and foreign currency revenue, an employment capacity exceeding 20,000 and a prestigious name in the national as well as international platforms. We thank all those who made It possible.

As KUTLUTAŞ, we are fully prepared to meet the challenges of the 2000's with our 18 companies organized within the “Construction-Machinery-Erection” and “Textiles-Chemicals” groups, an integrated structure, industrial facilities with the latest state-of-the-art technology, and new investments in the tourism, insurance and defence subsectors. Our experience in petrochemical and refinery complexes, power plants, pelletization facilities, fertilizers, textile, paper and cement factories, water treatment systems, supply of electromechanical and process equipment, housing schemes in both conventional, prefabricated and tunnel form systems, préfabrication complexes with capacity to produce reinforced concrete panels for more than 2500 housing units per annum, mass housing and satellite city constructions, monumental buildings, shopping centres, hotels, steel constructions, power and instrumentation projects, all types of pile constructions, construction of water repellency curtains, foundation and drilling projects covering injection and anchorage works - ail these bearing the KUTLUTAŞ trademark-are evidence of our achievements and our ability to progress and cope with challenges of the future.

We will continue to be one of the leaders of Turkish Industries both in operations domestically and abroad. The earnings generated by our construction contracts and ten factories contribute toward further investments. KUTLUTAŞ will maintain its leading role in the future in the areas of production of building elements and steel forms, cranes, pressurized containers, silo facilities, drilling rigs, large diameter reinforced concrete pipes, reinforced concrete facade blocks, load-bearing walls, partition walls, floors and various building parts; single and wall-to-wall non-woven and tufting carpets and floor covers, wall-covers, various textile and plastic products, polypropylene, nylon and polyesther fibres and yarns and many others.

KUTLUTAŞ will remain in the forefront of all these developments as we never depart from our principles and business ethics. It is our motto to be honest and straightforward in our business dealings and to scrupulously fulfill our business commitments even at the risk of loss to ourselves. We have always sought the highest standards of perfection in our workmanship and maintained the highest quality in systems, technology and manpower. Our approach is one based upon mutual cooperation, coordination and teamwork and this is true both from the simplest of operations we undertake to our most major projects. These principles have served the success of the KUTLUTAŞ group and will continue to guide us in the future.

Our success and achievement is due to the dedication and hardwork of all the members of the KUTLUTAŞ group of which we are extremely appreciative. We are confident that this will continue and will maintain the dynamism of the KUTLUTAŞ group in meeting the challenges of the twentyfirst century as Turkey pursues its goal of full membership of the European Community. With this and the challenge of increased world wide competition we are prepared to maintain our very high standards of professionalism which we are confident will ensure our continued success in the future.

With our very best wishes

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