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Makina Takim Endustrisi A.S. (Turkiye)

Main Activities: Metalworking Machinery Manufacturing
Full name: Makina Takim Endustrisi Anonim Sirketi Profile Updated: September 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Makina Takim Endustrisi Anonim Sirketi (MTE) is a cutting tool manufacturer located in Istanbul, Turkey. The company was established in 1957 and became the first cutting tool manufacturer in Turkey. In 1960, MTE started exporting its products to the USA, making it the first Turkish establishment to export industrial products. In 1968, a portion of the company's shares were made available to the public, and it is currently traded on the Istanbul Stock Exchange. MTE is the largest cutting tool manufacturer in Turkey and operates on a 10,000 m2 facility with 190 employees. The company's talented engineers produce various types of drilling, threading, cutting, and saw products, with over 30,000 different individual products. They also manufacture specially designed products for industrial customers in sectors such as automotive, defense, machine, and white appliances. In 1998, MTE acquired the rival company Evar Kesici Takim Sanayi A.Ş., expanding its presence in the Turkish cutting tool industry. In 2015, MTE introduced new design SOLID CARBIDE (VHM) and HIGH PERFORMANCE TAPS, which have become popular choices among industrial customers. The company celebrated its 65th anniversary in 2022 and has held the ISO9001-2015 Quality Assurance certificate since 1978. MTE aims to meet the increasing demands of its customers by staying updated with technological innovations in the cutting tool sector. The company strives to ensure customer satisfaction and has reliable distributors in many countries worldwide. MTE's vision is to become an international brand that can respond to local and global demand in a dynamic way. Its mission is to provide high-quality products and services at competitive prices, contribute to the development of the industries it serves, minimize foreign-source dependency in the Turkish cutting tool industry, and increase its contributions to shareholders, customers, society, and the environment.

Legal Address
Kisikli District Ferah Street, Yildiz Holding Placid Blogu, Block No: 1/A, Uskudar
Istanbul; Marmara;

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Website: http://www.makinatakim.com.tr/lang/en

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
October 25, 1957
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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50.41%
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34.99%
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14.6%
Subsidiaries
Evar Kesici Takim A.S.
100%
Company Performance
Financial values in the chart are available after Makina Takim Endustrisi A.S. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net sales revenue
88.59%
Total operating revenue
100.42%
Operating profit (EBIT)
219.64%
EBITDA
184.27%
Net Profit (Loss) for the Period
139.2%
Total assets
133.66%
Total equity
150.91%
Operating Profit Margin (ROS)
17.57%
Net Profit Margin
7.92%
Return on Equity (ROE)
-0.42%
Debt to Equity Ratio
1.83%
Quick Ratio
0.14%

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