Dear shareholders, business partners and employees,
We leave behind a year marked by volatility in the global economy, geopolitical risks, concerns over energy supply security and policy changes regarding the climate crisis. At the same time, the elections in many countries highlighted the search for direction in the global system. In this environment of uncertainty, companies with a strong vision, agility and a strategic stance stood out, consolidating their long-term competitive advantages.
Tight monetary policies proved effective in the Turkish economy in 2024, with the risk premium decreasing while attention turned to the need for structural transformation. This backdrop has not only highlighted the private sector’s responsibility to produce for the economy, but also for social and environmental value. Today, achieving the sustainable development goals will only be possible with the active leadership of the private sector, as well as the public sector.
With an awareness of this responsibility, we at Aksa Akrilik strengthened our sector leadership in 2024 with our agile management structure, innovation-oriented investments and approach based on the principle of sustainability. In addition to boosting our production capability, our operations at high capacity and the growth in our value-added product group have further supported our effectiveness in the global market. We have continued to create value in the industry, as we have done since the day we were founded, to play a leading role in exports and serve as a driving force in the technological transformation.
Accordingly, the Chemicals and Advanced Materials Group Directorate was established in 2025 under the umbrella of Akkök Holding. Mr. Cengiz Taş, who achieved tremendous success as the CEO of Aksa Akrilik, has been appointed as the President of the Akkök Holding Chemicals and Advanced Materials Group. Ms. Didem Tunçbilek, Business Development Director of Aksa Akrilik, has been appointed as the CEO of Aksa Akrilik. This restructuring, which is an important building block of our group strategy, is a corporate reflection of our sustainable growth and innovation-oriented transformation goals.
Investing in the future
Meanwhile, we successfully completed our investments in the Modacrylic facility and technical yarn factory this year. These investments have not only expanded our physical capacity, but also provided us with a more flexible, higher value-added and more agile production structure. We have enhanced our capacity to innovate with our high-tech brands such as Mithra, Armora and Aksafil. In addition, we have strengthened our vision for the future with new business lines, such as our subsidiary, Aksa Composites.
We reflect our innovative production approach to our way of doing business, creating value in every field from the digital transformation to lean processes and from human resources to corporate governance. We believe planning the future depends on building the present on solid foundations. With this approach, our investments in R&D and digitalization not only touch on technology, but also the culture, organization and leadership.
We are the leader in our industry and a guiding light in the transformation
The focus of our sustainability strategy is the circular economy, low carbon targets and creating a social impact. This approach has gained recognition, as we have been ranked in the top 10 among the world’s textile and apparel companies in the “Refinitiv Sustainability Index”. The ‘Recycling Project of the Year’ award from Boğaziçi University was a clear reflection of this determination. These achievements stand as testament to how environmental performance and economic value can be managed together.
We take our social responsibility one step further with projects for young people, women and entrepreneurs. We continue to generate value together with our stakeholders in areas such as regional development, job creation and occupational health and safety. We resolutely implement policies that support women’s leadership and develop strategic collaborations with universities to bring young talent to our company. We carry out all of these activities with the principles of transparency and accountability without deviating from our ethical values.
Strategic steps for a stronger future
As we enter 2025, we are determined to build a structure that is resilient to global uncertainty, technologically equipped, considers its environmental impacts, and values people. In line with our goals in the areas of the digital transformation, green technology investments and opening up to new markets, we will carry Aksa Akrilik to the future with greater strength. While continuing to be a reliable player in global supply chains, we will continue to provide a positive contribution to our country’s foreign trade balance by boosting our value-added exports. Working with faith and devotion, the Aksa Akrilik family stands squarely behind these achievements. I would like to thank our shareholders, customers, business partners and all our stakeholders who have been unstinting in their support for us with their trust. In line with the principles of innovation, sustainability and social benefit, we will continue to work together to build not only the present, but also the future.
Yours truly,
Raif Ali Dinçkök
Chairman of the Board