Producing vegetable oil as one of the oldest and long-established industrial enterprises of Turkey since 1962, Altınyağ Combine, Inc. joined Artı Investment Holding in its 50th Anniversary.
Strengthening its production and financing structure with investments reaching 53 million TL in its first year under the roof of Artı Investment Holding, Altınyağ increased its targets, taking on the challenge in the global market. Since 2012, the most significant milestones of its history, Altınyağ halted the packed oil production for end-user, focusing on production of raw oil, where the global market is more profitable and less competitive.
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JCR Eurasia Rating evaluated “Altınyağ Kombinaları A.Ş.” in an investment grade category on a national and international level, affirmed the Long Term National Ratings of ‘BBB- (Trk)’ and revised the outlook associated with the mentioned ratings to ‘Stable’. On the other hand, the Long Term International Foreign and Local Currency ratings have been affirmed as ‘BBB-’. Other notes and details of the ratings are given in the table below.
BYSD President Mr. Tahir Büyükhelvacıgil and our Chairman Mr. Mehmed Nureddin Çevik visited our factory investments.
BYSD President Mr. Tahir Büyükhelvacıgil and our Chairman Mr. Mehmed Nureddin Çevik made an on-site visit to Altınyağ Combine, Inc.
Altınyağ Combine, Inc. was named as the 2nd Runner-up at the Oil Industry Investment Awards by Aegean Region Chamber of Industry.
Established in 1962 to produce vegetable oil, Altınyağ Combine, Inc., one of the oldest and long-established companies of Turkey, was awarded with the 2nd runner-up award by the Aegean Region Chamber of Industry for the investments it made in the amount of 11 Million TL under the scope of Investment Incentive Certificate numbered 113257, dated 31.12.2013.
JCR Eurasia Rating has assigned the credit ratings of Altınyağ Kombinaları A.Ş. and Its Consolidated Subsidiaries as ‘BBB- (Trk) / Positive’ on the Long Term National Scale and upgraded the Long Term International Foreign and Local Currency Ratings to the investment grade level of ‘BBB-/Stable’.
Concentrating on both raw oil and biodiesel fuel oil production and recently making a 1 million Euro investment on machinery park, Altınyağ has renewed its corporate identity. Altınyağ (BIST: ALYAG) has launched its website with its new logo. Its brand slogan has been chosen as “Quality in its Drop”.
Altınyağ Combine Inc., traded at Borsa Istanbul under ALYAG code, received an order equivalent to 83 percent of its capacity for 2013. Concentrating on crude vegetable oil production in the last quarter of 2012 and increasing its annual oily seed processing capacity to 140 thousand tons with the additional investments, Altınyağ Combine Inc. made an agreement with Hakan Gıda for an order of 100 thousand tons. With the contract, Altınyağ Combine Inc. will process 100 thousand tons of oily seed during the year to meet one-year need of Hakan Gıda. First party shipment has started.
As a result of its decision to focus on crude vegetable oil production that it finds more profitable, Altınyağ Combine Inc. decided to produce semi-refined vegetable oil for biodiesel fuel production where the demand in the market is ever increasing, in its refined oil production facilities that ceased production approximately two months ago. Biodiesel-oriented production started on 26 December 2012 and it is expected to make a great contribution to turnover due to the expectation of an increase in the proportion of vegetable oil in diesel fuel pursuant to EU norms and also due to low competition in the market.
Altınyağ Combine Inc., traded at Borsa Istanbul under the code ALYAG, will concentrate on crude vegetable oil production instead of refined oil production, which it finds more profitable. Pursuant to the decision taken due to the worldwide increase in crude vegetable oil prices, and thus the decrease in the profit of refined vegetable oil producers, and the existence of greater opportunities in crude vegetable oil production area, the production of refined vegetable oil is ceased, whereas the annual oily seed processing capacity that accounts for 9.56 percent of the capacity will be increased by 50 percent to 180 thousand tons.
Quality is not a promise but a habit for Altınyağ which has established the first in-house laboratory in Turkey for quality control of seed and oil processing.
Received content of the oily seed and raw oil are analyzed. Ratios are determined in different varieties such as oil, moisture, protein, foreign bodies, acid, color and residue.
Every stage of production is subjected to quality control. By-products formed in the production flow are also analyzed on the basis of parameters such as acid, peroxide, soap, color.
The last quality control is made before shipment. Thus, orders can obtain quality approval for the last time before their delivery to customers.