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News Article | May 15, 2017
Site: www.prnewswire.com

Garanti Bank's presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks. Learn more about the event at www.VirtualInvestorConferences.com. Established in 1946, Garanti Bank is Turkey's second largest private bank with consolidated assets of US$ 90.4 billion as of March 31, 2017. Garanti is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management besides international subsidiaries in the Netherlands and Romania. As of March 31, 2017, Garanti provides a wide range of financial services to its more than 14.5 million customers with approximately 20 thousand employees through an extensive distribution network of 956 domestic branches; 7 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international representative offices in London, Düsseldorf and Shanghai with 4,794 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on cutting-edge technological infrastructure. Moving forward to maintain sustainable growth by creating value to all its stakeholders, Garanti builds its strategy on the principles of always approaching its customers in a "transparent", "clear" and "responsible" manner, improving customer experience continuously by offering products and services that are tailored to their needs. Its competent and dynamic human resources, unique technological infrastructure, customer-centric service approach, innovative products and services offered with strict adherence to quality carry Garanti to a leading position in the Turkish banking sector. With its dynamic business model and superior technology integrated to its innovative products and services, Garanti continues to differentiate itself and facilitate the lives of its customers. Its custom-tailored solutions and wide product variety play a key role in reaching US$ 74.1 billion cash and non-cash loans. The high asset quality attained through advanced risk management systems and established risk culture place Garanti apart in the sector. Following the best practices in corporate governance, Garanti's majority shareholder is Banco Bilbao Vizcaya Argentaria S.A. (BBVA) with 49.85% share. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.07% in Borsa Istanbul as of March 31, 2017. Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform. Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/garanti-bank-presentation-now-available-for-on-demand-viewing-300457202.html


The proposed new company, to be incorporated in India, will be an equal partnership. The JV will be incorporated between Ardutch B.V. (49%), wholly owned subsidiary of Arçelik, owner of Beko Brand, Koç Holding (1%), Voltas (49 %), and Tata Investment Corporation Limited (1%). The partnership, once regulatory approval is received, will launch refrigerators, washing machines, microwaves and other white goods and major domestic appliances for the fast-growing consumer durables market in India. The Joint Venture Company (JVC), with an equity capital of $100 million, will leverage the Beko brand and its expertise in the major domestic appliance sector across the globe, as well as Voltas' strong brand presence and wide sales and distribution network in India. The JV is key to Beko's "Silk Road" business strategy, which seeks to create a continuous and strong presence in the corridor between Turkey and the Asia Pacific region. This move aims to tap into the Indian market which offers great potential with its approximately half billion middle-income consumers. The white goods market in India is expected to reach US$ 12 billion by 2027. With the new greenfield investment, the JV looks to achieve a market leadership position in white goods. The new production facility is aimed to be operational by the end of 2018. The JVC will also sell major domestic appliances produced in various facilities of Beko around the world. The JV demonstrates a joint vision of building a long-term sustainable durables business in India and Beko's ongoing focus on the Asian continent as the key driver in its strategic growth plans. Commenting on the partnership, Fatih Kemal Ebiçlioğlu, President of Consumer Durables Group of Koç Holding, said: "Given the accelerating shift of global economic power to Asia, this joint venture will be a critical step for Beko's growth in the region. India stands out as an important opportunity window as it offers a great potential with its 1.3 billion population. In the last ten years alone, the Indian major domestic appliances market grew by nearly 9 percent, surpassing the overall 3 percent growth of global white goods market. With this joint venture, we make a strategic move to increase our global competitive advantage." Hakan Bulgurlu, CEO of Arçelik, said: "Our joint venture with Voltas and Tata Group demonstrates Beko's commitment to India and showcases Beko's "Silk Road" strategy, which seeks to capitalise on major growth opportunities in countries across the Asia Pacific. "India's rapidly expanding new middle class presents a major opportunity for our business. This young, urbanizing population includes many first-time buyers investing in white goods. The potential for growth in this market is incredibly exciting and we are proud to be partnering with the Tata Group to deliver this ambitious new partnership. "By combining our global manufacturing expertise and innovation capabilities with Voltas' expertise, we're confident the company will deliver economic growth and act as a platform for our continued business success going forward." Ishaat Hussain, Tata Sons Director and Chairman of Voltas Ltd., said: "Consumer Durables is a logical extension for Voltas, and we are delighted to be forming this Joint Venture with Arçelik, part of the Koç Group. The strong technology platform, combined with the global manufacturing and sourcing capabilities of Arçelik, will help the JVC offer many unique and differentiated products to the Indian market. The Voltas-Beko partnership will also leverage the well-known brand and distribution strengths of Voltas, and we will work towards establishing the joint venture as a market leader for consumer durables in India." Sanjay Johri, Managing Director of Voltas Ltd., added: "Our long history, and our unique understanding of Indian customers combined with our brand and distribution strengths, has helped us become market leaders in room air-conditioners in India. Voltas' core competence, and the manufacturing capabilities and wide product range of Beko will help us become a leading player in the consumer durables market in the country. The Indian consumer has always been at the forefront of all our plans, and the expansion in our product portfolio, through this foray, will as always, provide our customers products 'made for India', which specifically cater to their needs. We remain committed to our goals of sustainable profitable growth, and this Joint Venture will create enhanced value for our customers and shareholders." Today Arçelik A.Ş. offers products and services around the world with its 30,000 employees, 18 production facilities in 7 countries (Turkey, Romania, Russia, China, South Africa, Thailand and Pakistan), its 34 sales and marketing offices in 32 countries and its 11 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus and Dawlance) serving products and services in 145 countries. As the third largest home appliances company in Europe, the consolidated turnover of Arçelik A.Ş. was totalled at TRY 16.1 billion in 2016. Generating 60% of its income from global markets Arçelik A.Ş. owns 14 R&D centres, employing over 1,300 employees. Arçelik is listed in ISE (Borsa Istanbul) since 1986. Beko, the global brand of Arçelik A.Ş., has been the fastest growing home appliances brand of Europe since the millennium. Brand is the market leader in UK and Poland and the #1 freestanding white goods brand of Europe. Voltas Limited is a premier engineering solutions provider and project specialist. Founded in India in 1954, Voltas Limited is part of the Tata Group, and offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality. The Company is also the market leader in room air conditioners in India. Koç Holding, the parent company of Arçelik A.Ş., is the leading investment holding company in Turkey and Koç Group is Turkey's largest industrial and services group in terms of revenues, exports, taxes, number of employees and market capitalization on the Borsa İstanbul with over 95,000 people. Koç Holding has leading positions with strong competitive advantages in various sectors, such as energy, automotive, consumer durables and finance, which offer strong long-term growth potential. Following an average annual growth rate of 11% in consolidated profit in USD terms between 2006 and 2016, Koç Holding ranks among the world's top 500 companies according to Fortune 500 with consolidated sales of around US$ 23.5 billion as of year-end 2016. Koç Group has been a driving force of the Turkish economy with total sales corresponding 6% of Turkey's GDP, exports comprising 9% of Turkey's total exports and Koç Holding and its listed subsidiaries making up 20% of Borsa Istanbul's market capitalization. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'. Tata Sons is the principal investment holding company and promoter of various Tata companies, including Voltas.  Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was USD 103.51 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own Board of Directors. There are 29 publicly-listed Tata enterprises with a combined market capitalization of about USD 116.41 billion (as on March 31, 2016). Going forward, Tata companies are building multinational businesses that seek to differentiate themselves through customer-centricity, innovation, entrepreneurship, trustworthiness and values-driven business operations, while balancing the interests of diverse stakeholders including shareholders, employees and society.


The International Media Forum, organized as part of the 'Turkey - Discover the Potential' (TDP) publicity campaign, has begun in Antalya with the participation of 142 journalists from 50 countries. Deputy Prime Minister Mehmet Simsek, Culture and Tourism Minister Nabi Avci, TIM President Buyukeksi, and Turkish Airlines CEO İlker Ayci were among the notable guests of the Forum, where they answered questions from international journalists. The International Media Forum, realized under the auspices of the Ministry of Economy, the Ministry of Culture and Tourism and the Turkish Exporter's Assembly (TIM), and with the sponsorship of Turkish Airlines, Maxx Royal, IHKIB and Borsa Istanbul, was organized by the Switzerland-based international media group Global Connection Media SA (GC). As part of the Forum - an event bringing together the world's media with the highest level of participation - topics such as Turkey's economy, its tourism and trade potential as well as culture and media in general will be discussed. Minister of Culture and Tourism Nabi Avci, who gave a speech at the opening session of the Forum - hosted by Maxx Royal Resort, the popular vacation destination in Antalya-Belek - stressed the need to discover Turkey's tourism potential. A first for Turkey, the Forum is a platform where Turkey's leading representatives and foreign journalists can meet one on one, through interviews and round-table meetings. The Forum, which began with the opening address of Global Connection CEO Jacques Pasche, was also attended by the President of the Turkish Exporter's Assembly Mehmet Buyukeksi, President of Borsa Istanbul Himmet Karadag, Turkish Airlines CEO llker Ayci, President of the Investment Support and Promotion Agency of Turkey Arda Ermut, and President of the Istanbul Apparel Exporters' Association (IHKIB) Hikmet Tanrıverdi. The International Media Forum, organized as part of Global Connection's TDP promotional campaign, following the communication efforts conducted in France, Germany, Italy, Russia, UAE, United Kingdom and USA, became a platform both for the promotion of the Turkish economy and for discussion relating to new approaches in media. In 2016, GC had organized the Turkey-Russia Media Forum in Antalya, to improve Turkish-Russian relations. This Forum, which was attended by many high-level Russian and Turkish journalists, became the most important civil initiative between the two countries. The Turkey-Russia Media Forum and the International Media Forum will be annual events.


Deputy Prime Minister Mehmet Şimşek, Culture and Tourism Minister Nabi Avcı, TIM President Büyükekşi, and Turkish Airlines CEO İlker Aycı were among the notable guests of the Forum, where they answered questions from international journalists. The International Media Forum, realized under the auspices of the Ministry of Economy, the Ministry of Culture and Tourism and the Turkish Exporter's Assembly (TIM), and with the sponsorship of Turkish Airlines, Maxx Royal, IHKIB and Borsa Istanbul, was organized by the Switzerland-based international media group Global Connection Media SA (GC). As part of the Forum - an event bringing together the world's media with the highest level of participation - topics such as Turkey's economy, its tourism and trade potential as well as culture and media in general will be discussed. Minister of Culture and Tourism Nabi Avcı, who gave a speech at the opening session of the Forum - hosted by Maxx Royal Resort, the popular vacation destination in Antalya-Belek - stressed the need to discover Turkey's tourism potential. A first for Turkey, the Forum is a platform where Turkey's leading representatives and foreign journalists can meet one on one, through interviews and round-table meetings. The Forum, which began with the opening address of Global Connection CEO Jacques Pasche, was also attended by the President of the Turkish Exporter's Assembly Mehmet Büyükekşi, President of Borsa Istanbul Himmet Karadağ, Turkish Airlines CEO İlker Aycı, President of the Investment Support and Promotion Agency of Turkey Arda Ermut, and President of the Istanbul Apparel Exporters' Association (IHKIB) Hikmet Tanrıverdi. The International Media Forum, organized as part of Global Connection's TDP promotional campaign, following the communication efforts conducted in France, Germany, Italy, Russia, UAE, United Kingdom and USA, became a platform both for the promotion of the Turkish economy and for discussion relating to new approaches in media. In 2016, GC had organized the Turkey-Russia Media Forum in Antalya, to improve Turkish-Russian relations. This Forum, which was attended by many high-level Russian and Turkish journalists, became the most important civil initiative between the two countries. The Turkey-Russia Media Forum and the International Media Forum will be annual events.


Deputy Prime Minister Mehmet Şimşek, Culture and Tourism Minister Nabi Avcı, TIM President Büyükekşi, and Turkish Airlines CEO İlker Aycı were among the notable guests of the Forum, where they answered questions from international journalists. The International Media Forum, realized under the auspices of the Ministry of Economy, the Ministry of Culture and Tourism and the Turkish Exporter's Assembly (TIM), and with the sponsorship of Turkish Airlines, Maxx Royal, IHKIB and Borsa Istanbul, was organized by the Switzerland-based international media group Global Connection Media SA (GC). As part of the Forum - an event bringing together the world's media with the highest level of participation - topics such as Turkey's economy, its tourism and trade potential as well as culture and media in general will be discussed. Minister of Culture and Tourism Nabi Avcı, who gave a speech at the opening session of the Forum - hosted by Maxx Royal Resort, the popular vacation destination in Antalya-Belek - stressed the need to discover Turkey's tourism potential. A first for Turkey, the Forum is a platform where Turkey's leading representatives and foreign journalists can meet one on one, through interviews and round-table meetings. The Forum, which began with the opening address of Global Connection CEO Jacques Pasche, was also attended by the President of the Turkish Exporter's Assembly Mehmet Büyükekşi, President of Borsa Istanbul Himmet Karadağ, Turkish Airlines CEO İlker Aycı, President of the Investment Support and Promotion Agency of Turkey Arda Ermut, and President of the Istanbul Apparel Exporters' Association (IHKIB) Hikmet Tanrıverdi. The International Media Forum, organized as part of Global Connection's TDP promotional campaign, following the communication efforts conducted in France, Germany, Italy, Russia, UAE, United Kingdom and USA, became a platform both for the promotion of the Turkish economy and for discussion relating to new approaches in media. In 2016, GC had organized the Turkey-Russia Media Forum in Antalya, to improve Turkish-Russian relations. This Forum, which was attended by many high-level Russian and Turkish journalists, became the most important civil initiative between the two countries. The Turkey-Russia Media Forum and the International Media Forum will be annual events.


Le Forum international des médias, réalisé sous les auspices du ministère de l'Économie, du ministère de la Culture et du Tourisme et de l'Assemblée des exportateurs turcs (AET), sous le parrainage de Turkish Airlines, Maxx Royal, IHKIB et Borsa Istanbul, a été organisé par le groupe média international basé en Suisse, Global Connection Media SA (GC). Dans le cadre du Forum - un évènement réunissant les médias du monde entier avec le plus haut niveau de participation - des thèmes tels que l'économie turque, son potentiel touristique et commercial ainsi que sa culture et les médias en général seront discutés. En 2016, GC a organisé le Forum des médias Turquie-Russie à Antalya dans le but d'améliorer les relations entre la Turquie et la Russie. Ce Forum, auquel ont participé des journalistes russes et turcs de haut niveau, est devenu l'initiative civile la plus importante entre les deux pays. Le Forum des médias Turquie-Russie et le Forum international des médias seront des évènements annuels.


Ishaat Hussain, directeur de Tata Sons et président du conseil de Voltas Ltd., a déclaré : « Les biens de consommation durables constituent une expansion logique pour Voltas, et nous sommes ravis de former cette coentreprise avec Arçelik, qui fait partie du groupe Koç. La forte plateforme technologique, alliée aux capacités mondiales de fabrication et d'approvisionnement d'Arçelik, aidera la JVC à offrir de nombreux produits uniques et différentiés sur le marché indien. Le partenariat Voltas-Beko va aussi tirer parti de la marque bien connue et des forces de distribution de Voltas, et nous avons hâte de faire de la coentreprise un leader sur le marché des biens de consommation durables en Inde ». Sanjay Johri, directeur général de Voltas Ltd., a ajouté : « Notre longue trajectoire et notre compréhension unique des clients indiens, alliées à des atouts de marque et de distribution, nous a aidés à devenir les leaders du marché en termes de climatiseurs de pièces en Inde. Les compétences principales de Voltas, ainsi que les capacités de fabrication et la vaste gamme de produits de Beko nous aidera à devenir un acteur de choix sur les marchés des biens de consommation durables dans le pays. Le consommateur indien a toujours été au premier plan de tous nos projets, et l'expansion de notre portefeuille de produits va, à travers cette tentative et comme toujours, offrir à nos clients de produits 'fabriqués en Inde', qui répondent spécifiquement à leurs besoins. Nous restons engagés envers nos objectifs de croissance rentable et durable, et cette coentreprise va créer une valeur renforcée pour nos clients et nos actionnaires. » De nos jours, Arçelik A.Ş. offre ses produits et ses services dans le monde entier et a 30 000 employés, 18 installations de productions dans 7 pays (Turquie, Roumanie, Russie, Chine, Afrique du Sud, Thaïlande et Pakistan) et 34 bureaux de vente et de marketing dans 32 pays. Ses 11 marques (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus et Dawlance) proposent des produits et des services dans 145 pays. En tant que troisième plus grande entreprise d'électroménager en Europe, Arçelik A.Ş a totalisé un chiffre d'affaires consolidé de 16,1 milliards de livres turques (TRY) en 2016. Produisant 60 % de ses revenus des marchés mondiaux, Arçelik A.Ş. possède 14 centres de R & D, qui emploient plus de 1 300 personnes. Arçelik est cotée sur l'ISE (Borsa Istanbul) depuis 1986. Beko, la marque mondiale d'Arçelik A.Ş., a été la marque d'électroménager à connaître la croissance la plus rapide depuis le début du millénaire. La marque est le leader du marché au Royaume-Uni et en Pologne et la marque indépendante numéro un de produits blancs en Europe. Voltas Limited est un fournisseur de premier plan de solutions d'ingénierie et un spécialiste des projets. Fondé en Inde en 1954, Voltas Limited fait partie du groupe Tata, et offre des solutions d'ingénierie à un large éventail d'industries dans des secteurs tels que le chauffage, la ventilation et l'air conditionné, la réfrigération, les projets électromécaniques, la machinerie textile, les équipements pour l'industrie minière et la construction, la gestion et le traitement de l'eau, les solutions pour la chaîne frigorifique, les systèmes de gestion des constructions et la qualité de l'air en intérieur. La société est également le leader du marché en termes de climatiseurs pour les pièces en Inde. Koç Holding, société mère d'Arçelik A.Ş., est la principale société de portefeuille d'investissements en Turquie et le groupe Koç est le plus grand groupe industriel et de services de la Turquie en termes de chiffres d'affaires, d'exportations, d'impôts, de nombre d'employés et de capitalisation du marché sur la Borsa İstanbul, avec un effectif de plus de 95 000 personnes. Koç Holding occupe des positions de pointe en étant fort de ses avantages concurrentiels sur de nombreux secteurs, tels que l'énergie, l'automobile, les biens de consommation durables et la finance, ce qui lui offre un fort potentiel de croissance à long terme. Suite à un taux de croissance annuelle moyen de 11% dans les bénéfices consolidés en USD entre 2006 et 2016, Koç Holding se classe parmi les 500 meilleures entreprises au monde selon le classement Fortune 500 et fait état de ventes qui avoisinent les 23,5 milliards USD à la fin de l'année 2016.  Le groupe Koç a été une force motrice pour l'économie turque avec un total de ventes qui correspond à 6 % du PIB de la Turquie, des exportations représentant 9 % des exportations totales de la Turquie alors que Koç Holding et ses filiales cotées en bourse représentent 20 % de la capitalisation boursière de Borsa Istanbul. Fondé par Jamsetji Tata en 1868, le groupe Tata est une entreprise mondiale basée en Inde, comprenant plus de 100 sociétés d'exploitation indépendantes. Le groupe mène ses activités dans plus de 100 pays sur six continents, avec la mission suivante : « Améliorer la qualité de vie des communautés que nous servons à l'échelle mondiale, grâce à la création de valeur à long terme pour les parties prenantes, basée sur le leadership accompagné de confiance ». Tata Sons est la principale société de portefeuille d'investissements et le promoteur de plusieurs sociétés de Tata, notamment Voltas. Soixante-six pour cent du capital en actions de Tata Sons est détenu par des organisations philanthropiques, qui apportent leur soutien à l'éducation, la santé, la création de moyens d'existence, l'art et la culture. En 2015-16, le chiffre d'affaires des entreprises Tata, toutes entreprises confondues, s'élevait à 103,51 milliards USD. Ces entreprises emploient collectivement plus de 660 000 personnes. Chaque société ou entreprise de Tata fonctionne indépendamment sous la direction et la supervision de son propre conseil d'administration. Il existe 29 entreprises Tata cotées, avec une capitalisation boursière totale d'environ 116,41 milliards USD (au 31 mars 2016). Tournées vers l'avenir, les entreprises de Tata créent des entreprises multinationales qui cherchent à se différencier par des activités axées sur le client, l'innovation, l'esprit d'entreprise, la fiabilité et les activités axées sur les valeurs, tout en équilibrant les intérêts de divers acteurs, y compris les actionnaires, les employés et la société.


Beko, part of Koc Holding A.S. (Koc Holding), Turkey's largest industrials conglomerate, and Voltas Limited, part of the Tata Group, India's largest conglomerate, have announced a deal that will see Beko and Voltas, India's largest air conditioning brand, enter into a joint venture (JV) for consumer durables. The proposed new company, to be incorporated in India, will be an equal partnership. The JV will be incorporated between Ardutch B.V. (49%), wholly owned subsidiary of Arçelik, owner of Beko Brand, Koç Holding (1%), Voltas (49 %), and Tata Investment Corporation Limited (1%). The partnership, once regulatory approval is received, will launch refrigerators, washing machines, microwaves and other white goods and major domestic appliances for the fast-growing consumer durables market in India. The Joint Venture Company (JVC), with an equity capital of $100 million, will leverage the Beko brand and its expertise in the major domestic appliance sector across the globe, as well as Voltas' strong brand presence and wide sales and distribution network in India. The JV is key to Beko's "Silk Road" business strategy, which seeks to create a continuous and strong presence in the corridor between Turkey and the Asia Pacific region. This move aims to tap into the Indian market which offers great potential with its approximately half billion middle-income consumers. The white goods market in India is expected to reach US$ 12 billion by 2027. With the new greenfield investment, the JV looks to achieve a market leadership position in white goods. The new production facility is aimed to be operational by the end of 2018. The JVC will also sell major domestic appliances produced in various facilities of Beko around the world. The JV demonstrates a joint vision of building a long-term sustainable durables business in India and Beko's ongoing focus on the Asian continent as the key driver in its strategic growth plans. Commenting on the partnership, Fatih Kemal Ebiclioglu, President of Consumer Durables Group of Koc Holding, said: "Given the accelerating shift of global economic power to Asia, this joint venture will be a critical step for Beko's growth in the region. India stands out as an important opportunity window as it offers a great potential with its 1.3 billion population. In the last ten years alone, the Indian major domestic appliances market grew by nearly 9 percent, surpassing the overall 3 percent growth of global white goods market. With this joint venture, we make a strategic move to increase our global competitive advantage." Hakan Bulgurlu, CEO of Arcelik, said: "Our joint venture with Voltas and Tata Group demonstrates Beko's commitment to India and showcases Beko's "Silk Road" strategy, which seeks to capitalise on major growth opportunities in countries across the Asia Pacific. "India's rapidly expanding new middle class presents a major opportunity for our business. This young, urbanizing population includes many first-time buyers investing in white goods. The potential for growth in this market is incredibly exciting and we are proud to be partnering with the Tata Group to deliver this ambitious new partnership. "By combining our global manufacturing expertise and innovation capabilities with Voltas' expertise, we're confident the company will deliver economic growth and act as a platform for our continued business success going forward." Ishaat Hussain, Tata Sons Director and Chairman of Voltas Ltd., said: "Consumer Durables is a logical extension for Voltas, and we are delighted to be forming this Joint Venture with Arcelik, part of the Koç Group. The strong technology platform, combined with the global manufacturing and sourcing capabilities of Arcelik, will help the JVC offer many unique and differentiated products to the Indian market. The Voltas-Beko partnership will also leverage the well-known brand and distribution strengths of Voltas, and we will work towards establishing the joint venture as a market leader for consumer durables in India." Sanjay Johri, Managing Director of Voltas Ltd., added: "Our long history, and our unique understanding of Indian customers combined with our brand and distribution strengths, has helped us become market leaders in room air-conditioners in India. Voltas' core competence, and the manufacturing capabilities and wide product range of Beko will help us become a leading player in the consumer durables market in the country. The Indian consumer has always been at the forefront of all our plans, and the expansion in our product portfolio, through this foray, will as always, provide our customers products 'made for India', which specifically cater to their needs. We remain committed to our goals of sustainable profitable growth, and this Joint Venture will create enhanced value for our customers and shareholders." Today Arcelik A.S. offers products and services around the world with its 30,000 employees, 18 production facilities in 7 countries (Turkey, Romania, Russia, China, South Africa, Thailand and Pakistan), its 34 sales and marketing offices in 32 countries and its 11 brands (Arcelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus and Dawlance) serving products and services in 145 countries. As the third largest home appliances company in Europe, the consolidated turnover of Arcelik A.S. was totalled at TRY 16.1 billion in 2016. Generating 60% of its income from global markets Arcelik A.S. owns 14 R&D centres, employing over 1,300 employees. Arcelik is listed in ISE (Borsa Istanbul) since 1986. Beko, the global brand of Arcelik A.S., has been the fastest growing home appliances brand of Europe since the millennium. Brand is the market leader in UK and Poland and the #1 freestanding white goods brand of Europe. Voltas Limited is a premier engineering solutions provider and project specialist. Founded in India in 1954, Voltas Limited is part of the Tata Group, and offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality. The Company is also the market leader in room air conditioners in India. Koç Holding, the parent company of Arcelik A.S., is the leading investment holding company in Turkey and Koç Group is Turkey's largest industrial and services group in terms of revenues, exports, taxes, number of employees and market capitalization on the Borsa İstanbul with over 95,000 people. Koc Holding has leading positions with strong competitive advantages in various sectors, such as energy, automotive, consumer durables and finance, which offer strong long-term growth potential. Following an average annual growth rate of 11% in consolidated profit in USD terms between 2006 and 2016, Koç Holding ranks among the world's top 500 companies according to Fortune 500 with consolidated sales of around US$ 23.5 billion as of year-end 2016. Koç Group has been a driving force of the Turkish economy with total sales corresponding 6% of Turkey's GDP, exports comprising 9% of Turkey's total exports and Koc Holding and its listed subsidiaries making up 20% of Borsa Istanbul's market capitalization. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'. Tata Sons is the principal investment holding company and promoter of various Tata companies, including Voltas.  Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was USD 103.51 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own Board of Directors. There are 29 publicly-listed Tata enterprises with a combined market capitalization of about USD 116.41 billion (as on March 31, 2016). Going forward, Tata companies are building multinational businesses that seek to differentiate themselves through customer-centricity, innovation, entrepreneurship, trustworthiness and values-driven business operations, while balancing the interests of diverse stakeholders including shareholders, employees and society.


News Article | May 8, 2017
Site: www.acnnewswire.com

Colt PrizmNet Connects Three of the Top Five US Brokers Colt's financial extranet reaches 75 providers; Growing range of services available - including MiFID II compliance solutions and cloud-based services The Colt PrizmNet financial extranet now connects three out of the five leading brokers* in US electronic equity trading. Colt is challenging the status quo with Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide. It provides connectivity to all major venues, ensuring best execution and visibility into global markets, and increasing algorithmic trading efficiency. Over the past year, Colt has expanded the pool of providers available on Colt PrizmNet from 50 to 75, including Ak Investment, Applied Blockchain, Cappitech, and Succession Systems. The Colt PrizmNet reach continues to expand to make it the logical financial extranet choice; with more than 100 providers being on boarded this year. The addition of key brokers to Colt PrizmNet provides connectivity to FIX/FAST execution gateways for order routing, management and execution. This simplifies access for trading firms to reach key liquidity centres and trading counterparties. The financial extranet will also enable clients to reach content hosted in, or being migrated to, the public cloud. Moreover, Colt PrizmNet provides access to a growing ecosystem of MiFID II compliance providers, including TRADEcho/Boat and Aquis Exchange. This combination of services means that Colt PrizmNet offers unparalleled connectivity to the world's capital markets that is scalable and future-proof. Andrew Housden, VP of Capital Markets at Colt, said, "Colt continues to put customer service at the heart of its business; we mean it, live it and make it the focus of everything we do. The overall customer experience in the financial services sector has not kept pace with changing requirements brought on by cloud services and regulatory demands, so many clients now look to Colt to help with their global technology challenges. We have recently doubled the size of our Capital Markets team in New York as well as making significant expansions in Europe and Asia. This means we now have both the product portfolio and service delivery capability to meet most network infrastructure requirements." Colt PrizmNet offers simplified access to multiple venues and providers and full control of services using an advanced online portal. The financial extranet connects a global capital markets ecosystem of 75+ exchanges, venues and service providers; and 10,000+ participants. It provides firms with efficient access to solutions to their trading and compliance challenges, including: - Successions Systems - supporting market access compliance "We like that Colt goes the extra mile to create an informed community around its financial extranet through a keen understanding of vendors, their services and market participants' priorities. We expect our partnership will help Colt PrizmNet to make further inroads into the North American market, as well as simplify connectivity to our solutions for firms in Europe. We also anticipate that Colt PrizmNet's strong presence in Asia will help us attract new customers in that region," said Anthony Masso, President and CEO, Succession Systems. - Cappitech - simplifying MiFID II and EMIR reporting "At Cappitech we are seeing growing interest from financial firms looking towards cloud solutions to increase operational efficiency. However, client and trade data security is still a major concern when deploying products in the cloud. We are excited to be integrating Capptivate within Colt PrizmNet and implementing with them a unique and secure instance of our solution within AWS to meet the demands of the financial industry," said Ron Finberg, Business Development Manager, Cappitech. - Applied Blockchain - a blockchain solutions development and consulting firm "At Applied Blockchain we are building an ecosystem of blockchain applications for a range of enterprise clients. At its heart, blockchain is a network of trust that brings together disparate and often competitive companies onto a single shared network. Integrating the Applied Blockchain Mantle with Colt PrizmNet brings together the key benefits of blockchain technology with a world-class connectivity infrastructure to enable the secure, scalable and interoperable development of enterprise grade blockchain solutions that are ready for use within regulated markets," said Peter Bidewell, Chief Marketing Officer, Applied Blockchain. - Ak Investment (AK Yatirim) - Fast access to Borsa Istanbul with one of Turkey's largest brokerage houses "Our partnership with Colt PrizmNet gives connected clients the fastest access to Turkey's equities market from London. It's an example of the value Colt PrizmNet brings to the capital markets ecosystem by expanding trading opportunities and connectivity solutions. The PrizmNet team clearly understood our needs and priorities, and worked efficiently to ensure rapid implementation of our PoP at LD4," said Nazli Calik, Trading Assistant Manager, Ak Investment. For more information, please visit http://www.colt.net/product/financial-extranet/ or contact . *Greenwich Associates: Trading Slowdown Fuels Slowdown Among U.S. Equity Brokers http://bit.ly/2qI32P0 About Colt Colt provides high bandwidth services for enterprises and wholesale customers in Europe, Asia and North America's largest business hubs. Colt enables the digital transformation of businesses through its intelligent, purpose-built, cloud-integrated network, known as the Colt IQ Network. It connects over 700 data centres around the globe, with over 24,500 on-net buildings and growing. Colt is also recognised as an innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV). Colt has built its reputation on putting its customers first, with a focus on delivering true local presence and agility for enterprises that are global yet need local attention. Customers include data intensive organisations spanning over 200 connected cities in nearly 30 countries. Colt counts 19 of the top 25 global telecoms companies and 18 out of the top 25 global media companies (Forbes 2000 list, 2016) amongst its customers. In addition, Colt works with over 50 exchange venues and 13 European central banks. Owned by Fidelity Investments, Colt is one of the most financially sound companies in its industry, providing the best customer experience at a competitive price. For more information, please visit www.colt.net. Press Contacts: Paula Muezerie Marketing Lead, Capital Markets at Colt +44 (0)20 7947 1035 Think Alliance Group for Colt, Henry Chow Tel: +852 3978 5323 / E-mail: Matthew Schultz Tel: +852 3978 5321 / E-mail: Colt to Launch High-Bandwidth Services in Hong Kong by July 2017


News Article | May 8, 2017
Site: www.prnewswire.com

This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the association's "virtual trade booth." If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days. It is recommended that investors pre-register and run the online system check to save time and receive event updates. Learn more about the event at www.VirtualInvestorConferences.com. Established in 1946, Garanti Bank is Turkey's second largest private bank with consolidated assets of US$ 90.4 billion as of March 31, 2017. Garanti is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management besides international subsidiaries in the Netherlands and Romania. As of March 31, 2017, Garanti provides a wide range of financial services to its more than 14.5 million customers with approximately 20 thousand employees through an extensive distribution network of 956 domestic branches; 7 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international representative offices in London, Düsseldorf and Shanghai with 4,794 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on cutting-edge technological infrastructure. Moving forward to maintain sustainable growth by creating value to all its stakeholders, Garanti builds its strategy on the principles of always approaching its customers in a "transparent", "clear" and "responsible" manner, improving customer experience continuously by offering products and services that are tailored to their needs. Its competent and dynamic human resources, unique technological infrastructure, customer-centric service approach, innovative products and services offered with strict adherence to quality carry Garanti to a leading position in the Turkish banking sector. With its dynamic business model and superior technology integrated to its innovative products and services, Garanti continues to differentiate itself and facilitate the lives of its customers. Its custom-tailored solutions and wide product variety play a key role in reaching US$ 74.1 billion cash and non-cash loans. The high asset quality attained through advanced risk management systems and established risk culture place Garanti apart in the sector. Following the best practices in corporate governance, Garanti's majority shareholder is Banco Bilbao Vizcaya Argentaria S.A. (BBVA) with 49.85% share. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.07% in Borsa Istanbul as of March 31, 2017. Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform. Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire's leading-edge online conferencing and investor communications capabilities with BetterInvesting's extensive retail investor audience network. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/garanti-bank-to-webcast-live-at-virtualinvestorconferencescom-may-11-300453013.html

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