Aksu was established in Bakırköy, Istanbul in 1952, as the Holding’s first industrial investment. It was followed by Ariş the same year, also established in Bakırköy. The establishment of Dinarsu was completed in Eyüp, Istanbul in 1953. Dinkal A.Ş., a manufacturer and trader of yarn, was also founded in the same year.

1960s and 1970s

Aksa was established in Yalova in 1968 and commenced production in 1971. The company started exporting in 1977. In 1974, the Ak-Al Yalova Plant was set up and inaugurated. A year later, the Dinarsu Çerkezköy Facility was founded, followed by Dinkal A.Ş commencing its operations in the insurance sector as part of Ariş Sanayi ve Ticaret A.Ş. in 1976. In the same year, Akmeltem and Ak-Pa were founded and started their operations. In 1977, Ak-Kim started producing sulfur dioxide as Aksa made its first exports to Italy. In 1978, Aksu opened the Çerkezköy Plant followed by Ak-Kim’s Persulfates Facility also located in Çerkezköy.


Ak-Kim changed its production from sulfur dioxide to sodium metabisulphite (SBMS) for convenience in usage and storing. Following this transition, Çerkezköy Plant, with the capacity of 1,100 ton/year, started its operations in April to produce sodium metabisulphite. One year later, Ak-Kim commenced producing persulphate with its own technology. In 1982, the textile Softeners and Wetting Agents Facility was established and activated and two years later, production of sodium thiosulphate and Ferric III chloride was initiated.

Foundations of Ak-Al Bozüyük Plant were laid in 1982, and Akmerkez Etiler Ordinary Partnership was set up in 1985. Ak-Tops was established in 1986 and Aksa was listed on the ISE in March; Ak-Al was listed on the ISE in September of the same year. In 1986, Ak-Kim Organic Facility was founded and inaugurated. In 1989, Akenerji and Aktem were established and Ak-Kim started to produce methyl amines.


Dinkal was restructured as an insurance consultation and brokerage corporation and Ak-Kim started producing dimethylformamide for the first time in 1990. In 1991, Aksu moved all production to Çerkezköy; Akenerji Yalova Power Plant started operating with an installed capacity of 21 MW. In 1992, Akenerji Yalova Power Plant’s cogeneration unit was commissioned with an installed capacity of 17 MW. In the same year, Ak-Kim Chlor-Alkali Facility started its production. In November 1993, Aksu was listed on the Borsa Istanbul and the Ak-Al Alaplı Factory was established and started production. The first cogeneration unit of Akenerji Çerkezköy Power Plant was commissioned with an installed capacity of 21.5 MW. Akmerkez was inaugurated on December 18, 1993. In the same year,
Ak-Kim undersigned the Responsible Care Program and
became one of the first Turkish companies to implement it.


In 1995, Ak-Kim received the ISO 9001:1994 Quality Management System Certification. In the same year,
Akmerkez was named the “Best Shopping Center in Europe”
at a competition in Vienna, Austria and the second cogeneration unit of Akenerji Çerkezköy Power Plant was commissioned with an installed capacity of 43.5 MW. In 1996, Akenerji reached a total installed capacity of 98 MW with the commissioning of its Alaplı Power Plant with an installed capacity of 6.3 MW along with the third cogeneration unit of Çerkezköy Power Plant with an installed capacity of 33 MW. In the same year, Akmerkez Lokantacılık launched Paper Moon and was later chosen as the “Best Shopping Center in the World” at a competition in Las Vegas.


In 1997, Akenerji commissioned its Bozüyük Power Plant with a total installed capacity of 132 MW. In 1998, Akport launched the Tekirdağ-Trieste Ro-Ro line and Ak-Kim’s Hydrogen Peroxide Facility became operational Ak-Kim inagurated Turkey’s first Hydrogen Peroxide plant. The following year, Akrom Ak-Al Textile Romania SRL was established.


In 2000, the Akrom Romania Plant started production, Akenerji was listed on the BIST in July and Ak-Kim began producing polyaluminium chloride. In 2001, Akenerji commissioned the Çorlu Power Plant with an installed capacity of 10.4 MW, the Orhangazi Power Plant with an installed capacity of 5.08 MW, the Denizli Power Plant with an installed capacity of 15.6 MW, the Uşak Power Plant with an installed capacity of 16 MW, and the Yalova Ak-Al Power Plant with an installed capacity of 10.4 MW. In addition, two new units of Gürsu Power Plant were
commissioned with an installed capacity of 10.4 MW. In 2000, Aksa switched to biological treatment with the Deep Tank system, the most advanced technology in water treatment, breaking new ground in Turkey. In 2002, Akenerji commissioned another unit at the Gürsu Power Plant with an installed capacity of 5.2 MW, boosting its total installed capacity to 15.6 MW. Ak-Kim started exporting its know-how and technology abroad during the same year.


Aksa Egypt was established in Alexandria, Egypt and Akenerji commissioned its Izmir-Batıçim Power Plant with an installed capacity of 45 MW; it was selected as the “Most Successful Cogeneration Facility” by the Turkish Cogeneration Association. The same year, Ak-Kim Monochloroacetic Acid Facility was established. Aksa established Fitco B.V., paving the way for new investments; it became the first Turkish company to participate in the Premiere Vision Fair. In 2004, Akenerji Elektrik Enerjisi İthalat İhracat Toptan Ticaret A.Ş. was established. With a turnkey project constructed near the Dead Sea, Ak-Kim delivered a Chlor-Alkali plant to JBC, a US-Jordanian joint venture and also the Company was granted the ISO 14001:1996 Environmental Management System Certification in the same year.


In 2005, Dinarsu was sold to Merinos Halı Sanayi Group and Akmerkez was listed on the BIST as of April of the same year. Aksa Egypt commenced manufacturing operations that year while Akenerji commissioned the Izmir Kemalpaşa Power Plant with a total installed capacity of 127.2 MW. Also in 2005, Ak-Kim began producing paper chemicals and Akiş was founded to develop and manage the real estate investments of Akkök Holding. In 2006, Akenerji acquired Akkur Enerji Üretim Ticaret ve Sanayi A.Ş. and in September, Paper Moon opened a branch in Ankara. The same year, Ak-Kim launched the first sodiumpercarbonate facility in Turkey.

In 2007, Ak-Kim put the hydrogen peroxide plant into operation for which the company undertook  basic and detailed engineering works for Sitara Chemicals, operating in Pakistan. Ak-Kim started production of concrete additive chemicals and signed the United National Global Compact together with Akkök Holding as an indication of their sustainability and the corporate citizenship concept.
Aktek is was established, and Akiş commences commenced Akkoza construction in partnership with Garanti Koza and Corio. Akenerji acquires acquired MEM Enerji Elektrik Üretim Sanayi ve Ticaret A.Ş., and signed a protocol for the construction of Yalova Raif Dinçkök Cultural Center. In 2007, Aksa is was recognized as “Turkey’s Most Responsible Company” by Capital magazine. The book, Yadigâr-ı İstanbul (Relics of Istanbul), composed of photo albums of Yıldız Palace, was published with Akkök Holding’s contribution.

In 2008, the AKCEZ Consortium, a partnership between Akkök, Akenerji and the Czech Republic energy company CEZ, won the tender held by the Privatization Administration for Sakarya Elektrik Dağıtım A.Ş. (SEDAŞ), and conducted by the Republic of Turkey Prime Ministry Privatization Administration. Akkök Holding signed a strategic partnership agreement with CEZ for the 50:50 partnership in Akenerji.

Ak-Kim delivered two turnkey Chlor-Alkali plants to Jana and Cristal operating in Saudi Arabia with installed capacities
of 50.000 and 40.000 tons/year, respectively. While Aksa was awarded the Quality Association’s (KalDer) National Quality Grand Prize, a groundbreaking ceremony was also held for Yalova Raif Dinçkök Cultural Center for which a construction agreement was signed the previous year.


The AkCez Consortium, started in 2008, took over Sakarya Elektrik Dağıtım A.Ş. (SEDAŞ) from the Privatization Administration. Akiş became the sole owner of Akbatı Shopping Mall and Akbatı Residences by acquiring the partnership interests of Garanti Koza and Corio in the Akkoza Project. Aksa commissioned the carbon fiber production facility, with a capacity of 1.500 tons/year. Akenerji commissioned the Ayyıldız Wind Power Plant with an installed capacity of 15 MW, in Bandırma, Balıkesir. Aksu and Ak-Al merged under the Ak-Al roof and Ak-Kim was awarded the OHSAS 18001:2007 Occupational Health and Safety Management System Certification and also the Company received the “Best Supplier” award from Cargill. Akkök Firefly Mobile Learning Unit Project was initiated in Yalova.


Together with the restructuring efforts in the HR departments of Akkök Holding, the Talent Management Process was initiated to include all senior and middle level managers and specialists. At the “Petkim Quality Day and 45th Anniversary” event,
Ak-Kim received “The Best Performing Supplier of 2009” award in the “Localization” category. As part of the change in the corporate identity, the Company logo was renewed and Ak-Kim
completed the REACH registration of its eight products for which the final registrations must be completed by December 1, 2010.

As of 2010, Aksa, the carbon fiber production facility with a capacity of 1.500 tons/year, made the investment decision for the second facility, which will have a capacity of 1.700 tons/year. Akenerji commissioned the hydroelectric power plants Akocak, Bulam, Burç, Uluabat and Feke II. The total electricity capacity of Polat Enerji’s wind power plants yielding a production of 100 MW were procured. For the Head Office and Çerkezköy, Bozüyük, Kemalpaşa Power Plants, certifications of ISO 9001:2008 Quality Management System, ISO 14001:2004 Environmental Management System and OHSAS 18001:2007 Occupational Health and Safety documents certifications were granted. Akenerji’s first and most comprehensive Environmental, Health and Safety Annual Report was
published and disclosed to all stakeholders. The Tekirdağ- Muratlı railroad line connecting to the Akport Tekirdağ Port
started to operate.


In 2011, Aksa signed a definitive agreement to form a joint venture to manufacture and commercialize carbon fiber and derivatives with Dow Chemicals, one of the top players in the world chemistry sector. Investing in the establishment of a second carbon fiber production line with an additional capacity of 300 tons/year, Aksa reached an annual carbon fiber production capacity of 1.800 tons/year.

Offering more than 80 new products that it developed for sale, Ak-Kim attended International Textile Machinery Exhibition (ITMA) with its new product portfolio and had its first international exhibition experience. In addition to the sodium metabisulphite (SMBS) facility, Ak-Kim established a new SMBS facility with a capacity of 40,000 tons/year. In the same year,  Ak-Kim delivered the hydrochloric acid production facility to the Kapachim company, operating in Greece.

Akenerji became the first Turkish company to be granted the Investors in People (IIP) Quality Certification. In addition, the company was awarded, the Energy Oscar, given for the first time in 2011 at the 17th International Energy and Environment Fair and Conference (ICCI).

Akenerji obtained US$ 651 million in funding for the 904 MW installed capacity Erzin Combined Cycle Natural Gas Power Plant, to be constructed in Hatay’s Erzin district.

Ayyıldız Wind Power Plant joined the plants that have ISO 9001:2008 Quality, ISO 14001:2004 Environmental and OHSAS 18001:2007 Occupational Health and Safety Management Systems certifications.

In 2011, Akenerji participated in the Carbon Disclosure Project (CDP), becoming one of two Turkish energy corporations participating in the CDP.

A wholly-owned Akiş project, Akbatı Shopping Mall&Akbatı Residences opened its doors to visitors in İstanbul Esenyurt on September 15, 2011. Akbatı Residences received two awards at the Turkey’s Top Real Estate Investment Competition for its Smart Home Automation scheme – one granted by the jury, the other by popular vote.

SAF REIT an Akkök Holding enterprise, started to trade on the Borsa Istanbul as of December 2011. Raif Dinçkök Cultural Center whose construction had been initiated by Akkök Holding in 2008 opened its doors in 2011.


The first phase of Aksa’s two-phased dual-fuel (coal and natural gas) power plant was launched in March 2012. The total production capacity of the plant is 100 MW of electricity.Dowaksa, an international 50:50 joint venture between The Dow Chemical Company and Aksa Akrilik Kimya Sanayii A.Ş., was established in 2012 with the objective to undertake manufacturing and world-wide marketing of carbon fibers and derivatives.

Himmetli Regulator and Hydroelectric Power Plant started operations with an installed capacity of 27 MW. Feke I Regulator and Hydroelectric Power Plant commenced operations with an installed capacity of 30 MW. Gökkaya Dam and Hydroelectric Power Plant began operating with an installed capacity of 30 MW. Akocak, Uluabat, Burç, Bulam and Feke II Hydroelectric Power Plants were included in the ISO 9001:2008 Quality, ISO 14001:2004 Environment and OHSAS 18001:2007 Occupational Health and Safety Management Systems certifications. Bozüyük Natural Gas Power Plant was named the Cleanest Industrial Facility and was awarded with an Environment Charter as part of World Environment Day celebrated yearly on June 5. In addition to the chlorine alkali facility in Algeria (Oran), Ak-Kim signed a new Engineering and Procurement Service Contract (EPS) with Adwan Chemicals in 2012 for a Ferric III chloride project at a rate of 40%, and with a capacity of 90 ton/day. Deliveries for Akbatı Residences, an Akiş project located in İstanbul Esenyurt, were made. Akiş was granted the title of Real Estate Investment Trust as a result of the application it made to the Capital Markets Board. Akiş REIT assumed control over Ak-Al with all its assets and liabilities. Akbatı Shopping Mall also received the “Cleanest Shopping Center” award from Cleaner Magazine’s Industrial Cleanliness Awards. The widely acclaimed project was also a finalist in the MAPIC Awards 2012 in the “Best Retail & Leisure Development” category. In 2012, the corporate website of Akbatı Shopping Mall received the bronze award in the “Consumer Information” category of the international “Horizon Interactive Awards.” The project was also presented with the “Best Retail Development” and “Highly Commended in Mixed-Use Project” awards from the “European Property Awards 2012”.

Akasya Acıbadem received five stars in the “Best High-Rise Architecture” category in the European Property Awards 2012 and was selected the “Most Successful Project in Europe.” The Grove and Lake Phases of Akasya Acıbadem were opened to residents in 2012.

Akmerkez was presented with 11 prizes for four different projects from the IPRA Golden Awards, Hermes Awards, ICSC Solal Marketing Awards, Stevie International Business Awards and MarCom Awards. In the same year, Ak-Pa was awarded the Platinum Plaque by the İstanbul Textile and Raw Material Exporters’ Association where companies received awards based on the volume of their exports.

In 2012, more than 10 thousand elementary school children received support under the Akkök Firefly Mobile Learning Project operating in Yalova. The Akkök Festival for Kids was organized and held at the Raif Dinçkök Cultural Center in Yalova.



Ahmet Cemal Dördüncü was appointed Chief Executive Officer of Akkök Holding in 2013.

As part of Akkök Holding’s restructuring plans, Aksa Akrilik
Kimya Sanayi AS announced that it would merge with its
subsidiary, Ak-Tops Tekstil Sanayii AS, through absorption.


Ak-Kim and Feralco, the second largest water treatment chemicals and coagulant producer in Europe, joined to establish AKFERAL.

AKFERAL’s production is based in Ak-Kim facilities in Yalova.

Ak-Kim was granted the “R&D Center” title by the Ministry of Science, Industry and Technology. With this title, the competence of Ak-Kim R&D has been officially recognized. After passing the SGS inspections on February 19-20, 2013, Ak-Kim qualified to obtain Good Manufacturing Practice (GMP) Certification for its products sodium metabisulfate (E223) and sodium hydrogen sulfate (E222). Furthermore the 44th World Chemistry Congress was organized by the Turkish Chemical Society on 11-16 August 2013 in İstanbul, with Ak-Kim as the main sponsor.


The second phase of the power plant investment was completed and activated.

Aksa Acrylic took part in the TURQUALITY project, the world’s first and only state-sponsored branding project, which was launched with the slogan, “10 World Brand Names in 10 Years” by the Ministry of Economy.

Aksa acquired 100% of its fully-owned subsidiary Ak-Tops Tekstil Sanayi A.Ş. in August 2013. The concentration of two individual high performers is expected to improve administrative and organizational processes. The merger was officially initiated on November 1, 2013, and was registered on December 31.


DowAksa Advanced Composites Holdings B.V. and the Nanotechnology Center of Composites (NCC), a joint project between Holding Company Composite (HCC) and the Fund for Infrastructure and Educational Programs (FIEP, a member of the RUSNANO Group), signed an investment agreement. In line with the signed agreement, NCC investment plans were shaped in collaboration with HCC and the Fund for Infrastructure and Educational Programs (FIEP, a member of the RUSNANO Group).


SEDAŞ materialized the unbundling project it had initiated in 2012 by starting SEPAŞ in early 2013. All through 2013, SEDAŞ focused only on distribution activities and launched its master project “Automatic Meter Reading System” (AMR). This project enables the automatic collection and billing of consumption via electronic meters over the Internet, without traveling hundreds of kilometers. Implementation of the SCADA (Supervisory Control And Data Acquisition) Project in Kocaeli, Gebze and Sakarya electric networks were finalized. Works were initiated in Bolu and Düzce.

SEPAŞ Enerji

During the privatization process of all Electricity Distribution
Companies, Akkök Holding separated its distribution and retail activities pursuant to the unbundling requirements stipulated by Electricity Market Law that came in effect with the intention to form a free market. SEPAŞ was established on November 12, 2012 to perform retail activities. After the company was reorganized into two separate entities, SEDAŞ and SEPAŞ, SEPAŞ began serving its 1.5 million customers as of January 1, 2013.


AKCEZ acquired the privatized electricity distribution and sale company SEDAŞ on February 11, 2009. Following the unbundling of distribution and retail sales activities at the beginning of 2013, the company was reorganized into two separate entities – SEDAŞ and SEPAŞ– on July 1, 2013. Common administrative functions continue to serve both entities.


Akkök Holding decided to shut down the production facility of Çerkezköy Natural Gas Plant due to the current and expected market conditions as of December 31, 2012.

Necessary investment was made for Feke II Hydroelectric Power Plant (70 MW) to serve within the framework of “Secondary Frequency Control.” Consequently, the power plant was activated in the same year.

In addition to its existing electricity production, Akenerji created added value by realizing sales of 900 million kWh electricity, supplied by third parties.

A capacity allocation option (Call Option) of 250 MW was issued for SEPAŞ. This was the first option issued in Turkey specifically for electricity capacity sales.

Projects targeting maximum customer satisfaction were implemented.

The Carbon Disclosure Project (CDP) was initiated. Akenerji’s first Sustainability Report (2011), prepared in accordance with the Global Reporting Initiative’s principles, was published and announced to the stakeholders. Head Office, Bozüyük, Kemalpaşa, Ayyıldız, Akocak, Uluabat, Burç Bendi, Bulam and Feke II HEPPs received ISO 9001:2008 Quality, ISO 14001:2004 Environmental and OHSAS 18001:2007 Occupational Health and Safety Management Systems certifications.

Bozüyük Power Plant obtained permission for emission and wastewater discharge in line with the Environmental Permits.
In the scope of the Aegean Region Chamber of Industry’s 2012 Corporate Social Responsibility (Bronze) Awards and Environment (Golden) Award Competitions, Akenerji Kemalpaşa Power Plant was awarded the second place in the Environment Award category and the third place in Corporate Social Responsibility category.

The construction of “Şehit Uğur Ekiz Technical and Industrial High School” was completed by Egemer Elektrik Üretim A.Ş. in Hatay-Erzin and the school opened its doors in the new academic year.


Upon its application to the Capital Markets Board, the company received the title of Real Estate Investment Trust and, as of January 9, 2013, began to be listed on the Borsa Istanbul.

On March 11, 2013, all Akiş REIT shares involved with Akfil Holding and Garanti Koza Akiş Ordinary Partnership were sold.

With environment-friendly practices that prioritize energy efficiency, Akbatı Shopping Mall and Residences applied to the world’s leading green building evaluation system BREEAM for a certification at the “Good” application level. In 2013, Akbatı Shopping Mall received a platinum award in the “Community Relations” category at the Hermes Creative Awards.

In the same year, Akbatı Shopping Mall also received two bronze awards at the Stevie Awards, one in the “Communication/PR Campaign of the Year -Social Media Focused - Europe” category and the other in the “Communication/PR Campaign of the Year-Community Relations-Europe” category.

In 2013, Akbatı Shopping Mall won first place in the “Retail - Built” category at the “Cityscape Awards for Emerging Markets 2013.”

In 2013, Akbatı Shopping Mall won three platinum awards in the “Community Relations/Public Relations/Special Event”, “Community/PR/Public Relations Program”, “Community/PR/Corporate Social Responsibility” categories at the Marcom Awards, won the Gold award in the “Community/PR/Special Event” category, and received an Honor award in the “Community/PR/Social Media Campaign” category.


AYDEM Dağıtım A.Ş. implemented the Automatic Meter Reading System (AMR).



First GRI approved sustainability report was published.
Akkök Children’s Fest was organized for the third time. The theme of the fest was sustainability.


According to ISO’s “Top 500 Industrial Corporations of Turkey” list for the year 2013, Aksa ranked as the 38th largest industrial corporation on the list.

As a result of evaluation of the main titles namely shareholders, public disclosure and transparency, stakeholders and board of directors within the scope of the CMB Corporate Governance Principles, Aksa’s Corporate Governance Rating was calculated as 9.22 out of 10. Aksa Akrilik proved that it is a self-confident and successful company, as the 50th company subjected to rating voluntarily among more than 400 companies registered to the Capital Markets Board and listed on the foreign exchange.

Aksa Akrilik showed full compliance with the regulations, Aksa is subject to “Corporate Risk Management”, which it has maintained since 2012. Aksa Akrilik successfully completed the “TS ISO 31000 Risk Management System Verification Audit” performed by the “Turkish Standards Institute (TSI)”. By this means, Aksa Akrilik becomes the first corporation in its sector, and just the second in Turkey, to obtain the “Risk Management System Verification Certificate”.

Aksa Akrilik published its 2013 Sustainability Report for the first time at GRI-B level.

An investment of US$ 5.5 million was made for Akrilik filament Yarn R&D works and production.

Works on High Pile (RC) and modacrylic continued in 2014.

The Joint Treatment Facility project was commenced along with Ak-Kim and DowAksa.

The Reverse Osmosis Project was initiated.


Betaine Facility became operational. The Adwan Ferric III Chloride facility project was completed. 1st phase sodium persulphate facility was established with an annual capacity of 1.200 tons. Ak-Kim was awarded GRI A level of approval, and the LACP award for its 2013 Sustainability Report.


“Erzin Natural Gas Combined Cycle Power Plant” is the largest investment made by Akenerji to date, with annual generation capacity of 7.4 TWh. The project was completed and became operational in 2014 Q3.

Taking current market conditions into account, the Kemalpaşa and Bozüyük power plants, with lower efficiency, were closed.

Project design works for the Kemah Hydroelectric Power Plant, with a capacity of 198 MW, and which is planned to be built in Erzincan, were finalized. Kemah is also Akenerji’s largest investment based on renewable resources.
In order to work more efficiently, and to be more easily adaptable to changing conditions, with costs appropriate to the current competitive environment, allied to climbing trade volume, the optimization and risk management works initiated in 2014 are maintained efficiently.

New products and services are developed with the “Smart Electricity” approach for the economical and appropriate consumption of power.

Thanks to the “Carbon Neutral Electricity” product, with which emission reduction certificates zeroing carbon footprint (occurring due to electricity usage) are offered, our customers efforts towards sustainability are supported.

In order to enhance profitability and market penetration, an agency network infrastructure has been established, and agency selection and development works have started.

The 2013 Sustainability Report’s level was scaled up from C to B, and approvals were taken as an indicator that solutions minimizing environmental and social risks are prioritized in all activities.

“ZERO ERROR” was identified during the external audit conducted in 2014 within the scope of the Quality Environment and OHS Management Systems.

Feke I, Himmetli, Gökkaya Power Plants, which became operational at 2012 year-end, passed through certification audit and were granted certification. As of 2014 year-end, 10 locations (Headquarters Building, Ayyıldız, Uluabat, Akocak, Burç, Bulam, Feke 2, Feke I, Himmetli, and Gökkaya Power Plants) possess Integrated Management Systems certifications, and their sustainability continues.

A “Greenhouse Gas Monitoring Plan” has been prepared for Erzin Natural Gas Power Plant, and information about the amount of greenhouse gas generated as a result of the power plant’s generation activity, how to monitor and calculate it is presented, in plan format, to the Ministry of Environment and Urbanization, and approved in the online system.


SEDAŞ materialized the unbundling project it had initiated in 2012 by starting Sepaş Enerji in early 2013. In 2014, SEDAŞ focused solely on distribution activities and further improved the OSOS project, which SEDAŞ had put into operation as one of its largest projects.

With the Automatic Meter Reading System (AMR) installed, SEDAŞ enables meters that measure street lighting and free consumer consumptions to be read remotely, as well as 65% of the energy consumed in its region. The technological infrastructure, which will enable remote monitoring of electric power and responding promptly to failures, became operational in Kocaeli, Gebze and Sakarya, within the scope of the SCADA (Supervisory Control And Data Acquisition) Project. Works slated for finalizing in Bolu and Düzce by the end of 2015 continue.

Sepaş Enerji

Sepaş Enerji strengthened its position in the sector by means of active marketing activities and the campaigns it conducted during the year, and it initiated process enhancement and new implementations to enhance customer satisfaction. Within the scope of sustainable and transparent management perception, Sepaş Enerji aims to keep service quality at the top level. With a 180 degree change, Sepaş Enerji Customer Services Centers turned into units, where customers’ subscription transactions are effectuated swiftly, free consumer sales transactions are executed, and every request, recommendation and complaint is answered by expert staff with a robust infrastructure, and finally the corporate identity is reflected.

The “Electricity Market Analysis” research that Sepaş Enerji commissioned from Method Research is the most comprehensive market research yet conducted for Turkey’s electricity sector. Accordingly, Sepaş Enerji won bronze in the “Curious Baykush” category of the “Baykush Awards”, in which the Turkish Researchers’ Association awards corporations in the category of most successful marketing and social research. Sepaş Enerji came second among the retail sales companies that enable generation of the most successful demand estimate.


AKCEZ acquired the privatized electricity distribution and sales company SEDAŞ on February 11, 2009. Following the unbundling of distribution and retail sales activities at the beginning of 2013, the company was reorganized into two separate entities – SEDAŞ and Sepaş Enerji – on July 1, 2013. It creates added value with its contribution to the administrative functions of both entities.


Operations oriented toward high street retail gain impetus. The old buildings bought from the Şaşkınbakkal, Caddebostan, Suadiye and Çatalçeşme districts have been re-projected, and commercial real estates have started to be developed. The project is expected to be completed in 2016.

The shopping mall with 80.000 m2 of leasable space belonging to the Akasya Acıbadem project, and developed by SAF REIT (in which Akiş REIT has a 6.56% share), opened its doors on March 6, 2014.

Located near the Akbatı Shopping Mall and Residences, Akbatı White Tower boasts 100 residences on three acres of land. Handover of Akbatı White Tower residences started in 2014.

In 2014, Akbatı Shopping Mall and Residences won a total of 12 awards in domestic and international competitions.


Akkök Holding has always acted in consideration of the youth in all its projects and social responsibility activities. Pursuant to its “We Invest in the Future” strategy, the Holding once again emphasizes its support for the young population with the Mamut Art Project, for which the Company assumed the key sponsorship in 2015. The second sustainability report, covering the engagements of Aksa Akrilik, Ak-Kim Kimya, Akenerji and Akiş REIT, is prepared in accordance with G4 reporting framework for the 2013-2014 period. Akkök Children’s Fest was organized for the fourth time. The theme of the fest was water saving and efficient usage of water.

Aksa’s annual production capacity was boosted from 308,000 tons to 315,000 tons following recent modernization and efficiency projects and investments. Aksa’s Corporate Governance Rating was updated to 9.5 as a result of its assessment as per CMB Corporate Governance Principles, and took 3rd place on the BIST Corporate Governance Index as of year-end. Based on the ranking of the companies included in the index upon the revision of the rates, the Company received an award as the “3rd Highest Scoring Company” in 2015 among 50 companies listed on the Corporate Governance Index, during the award ceremony of the 9th Corporate Governance Summit, organized by the Turkey Corporate Governance Association (TKYD) on January 14, 2016. With this award, Aksa Akrilik’s excellence is crowned in a variety of fields, from corporate governance to the transparency it displays towards its stakeholders. Yalova Composite and Chemical Expertize Improvement Organized Industrial Estate (YALKIM OSB), the founders of which are the Acrylic Based Composite, Advanced Materials and Technology Producers’ Association, including Aksa as a member, as well as Yalova Special Provincial Administration, Taşköprü Municipality and Yalova Chamber of Trade and Industry, was established on a total area of 1,130,000 square meters at the address of Yalova’s Çiftlikköy District, Taşköprü, with registry number 308 given by the Ministry of Science, Industry and Technology, on July 6, 2015. Aksa Akrilik won the Proof Not Promises award for its GE Power &Water, Water and Process Technologies Project. The project was carried into effect to prevent unplanned shutdown of the boilers in the Power Generation Facility due to pipe damage. Thanks to Aksa Akrilik, the Proof Not Promises Award was once again granted to a company from Turkey, for the first time since 2013. Aksa, along with all of its subsidiaries in Turkey, reported its sustainability performance for January 1 - December 31, 2014. With its 2014 Sustainability Report, issued in accordance with the GRI (Global Reporting Initiative), the Company leveraged its report from GRI G3 B level in 2013 to GRI G4 standard this year.

Ak-Kim acquired 100% shares in Gizem Frit. The Ultrafiltration Project, one of Ak-Kim’s key investments, was completed. Ak-Kim Information Security Management System was put into operation. Ak-Kim obtained ISO 14064 Greenhouse Gas Inventory License and ISO 50001 Energy Management System Certification. A capacity increase project was signed for Adwan Chlorine Alkali facility, which was previously established by Ak-Kim.

Gizem Frit
The Company started the first non-stick coating production in 2014, and made its first export both in coating and ceramic frit in 2015. In 2015, the composite ceramic facility investment was completed, and the product range was expanded. The Oracle ERP integration was finalized in 2015, and a significant step was taken in terms of corporate structure.

Erzin Natural Gas Combined Cycle Power Plant joined the power plants that have obtained ISO 9001:2008 Quality, ISO 14001:2004 Environment, and OHSAS 18001:2007 Occupational Health and Safety Management Systems certifications. ISO 27001:2013 Information Security Management System Certification was obtained for Head Office, Uluabat HPP and Erzin Natural Gas Combined Cycle Power Plant. Project development and engineering works were completed for Kemal Hydroelectric Power Plant project, which is the largest hydroelectric power plant with installed power of 198 MW.

It became the first Turkish energy company to publish a Sustainability Report for the year 2014 using the latest version, G4, of the GRI Sustainability Reporting Guideline. It is the first and only energy company reporting to the CDP Turkey Water Program since the first year it became effective. Energy Market Regulatory Authority (EMRA) approval was obtained for expanding the capacity of Ayyıldız Wind Power Plant from 15 MW to 28.2 MW.

The SCADA Project, which enables remote monitoring of the power in the electricity network circulating through the Kocaeli, Gebze, Sakarya, Bolu and Düzce regions, and rapid intervention in power cuts, was completed as of 2015 yearend.

Sepaş Enerji
Sepaş Enerji composes campaigns and tariffs customized for customer needs. A Customer Satisfaction Questionnaire, measuring 1.5 million customers’ level of satisfaction with product and service processes across Turkey, was completed. Online transactions and digital archive projects were completed. Breaking new ground in the sector, online electricity sales commenced over the website. Demands, requests and suggestions such as debt inquiry and information request applications are collected, followed and finalized, by means of the Call Center. 600,000 addresses were updated through the Address Updating Project. Now Electricity Debt Notices, as well as electricity cut and opening orders, are automatically generated.
Thanks to the Data Mining Project, the segmentation of Sepaş Enerji customers and segment based customer management are performed.

As the service procurement cannot be done over AKCEZ due to the EMRA regulation, the restructuring process was commenced for common service units within AKCEZ. Accordingly, the AKCEZ dissolution process was completed on November 1, 2015.

After our Company acquired 13.25% of SAF REIT’s shares in July 2015 for an amount of US$ 62,864,532.62, our total share in SAF REIT reached 19.71%. Land purchases and flat for land contracts pertaining to the Beykoz project investment began to be signed. A first rental agreement was signed as part of street retail and the construction works were commenced. In 2015 Akbatı Shopping Mall and Residences were crowned with 14 Prizes in national and international competitions. AKIS REIT A.Ş. conceptualized as a project the value it places on life and humanity with its new brand, Yaşam Akademisi (Life Academy). Yaşam Akademisi is the first project organized by the Company to offer a robust platform to those wishing to enhance individual awareness of a real estate firm in Turkey, and contribute to social happiness. The chat sessions organized, free of charge and under the umbrella of Yaşam Akademisi, initially started in Akbatı.

In 2015, Aktek formed an entity named Aktek Garage, which structurally depicts internal and external innovation philosophy. With this structuring, Aktek gives opportunities to individuals with creative ideas to put their ideas into a project. The installation and kick-off processes of Oracle EBS R12, the Corporate Source Management system of Gizem Frit, which joined Akkök Holding in