Martur

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Martur (“Martur” or the “company”- http://www.martur.com.tr), together with its subsidiaries, engage in design and manufacturing of seats as well as other interior parts for passenger cars and light commercial vehicles. The company produces for renowned local and international automotive manufacturers through its facilities located in Turkey, Romania, Russia and Algeria. The project involves partial financing of Martur’s investment program in Turkey and Romania through IFC’s equity investment in the company (“the project”). IFC considers to have between 5% and 6% shareholding in the company. The project sponsor is Ustunberk Holding A.S. (“Ustunberk Holding” or the “sponsor” - http://www.ustunberkholding.com.tr), which is a leading group of companies supplying high quality components for car interiors to automotive industry for over 20 years, and is majority shareholder in Martur. Martur’s major subsidiaries include (i) Fompak (http://www.fompak.com.tr)- manufacturing plastics and foam, (ii) Bestal (http://www.bestal.com.tr)- manufacturing metal stamping, tube bending and welding, (iii) Berk Otomotiv (http://www.berkotomotiv.com.tr/)- vehicle conversion, (iv) Indesta Otomotiv (http://www.indesta.com.tr)- purchasing and selling iron plate and wire with or without partial processing for seat of vehicles and; (v) Martur International- covering international operations.Martur has 7 facilities of its own in Turkey, and 3 facilities under its subsidiary Martur International in Romania, Russia and Algeria. Fompak has 5, Bestal and Berk each have a single facility, all located in Turkey. All facilities in Turkey are located in or cities around Bursa where most of automotive industry in Turkey is present.The integrated operations of car seat manufacturing include manufacture of foam, fabric as well as plastic parts; manufacturing metal and steel parts (mainly through stamping process), and seat assembly.For the production of scrim for laminated automotive fabric textile operations are handled by Oteks in the Kutahya integrated facility (close to Bursa) which is another Ustunberk Holding company, not part of Martur. The seat cover production process of Martur includes fabric dyeing, finishing, lamination with foam and seat cover sewing. Martur produces flexible polyurethane block foam of varying density to be used in flame lamination. Additionally, molded flexible seating foam, with different hardness and density is produced with the help of automatic pouring machines that integrate robots. Fompak, provides plastic parts for car seats as well as other automotive parts such as door panel, sunvisor, headliner etc., produced using plastic injection molding technology. Metal and steel services which form the seat frame (e.g. sheet metal and tube cutting and forming, tube metal forming and stamping) are provided by Indesta and Bestal each operating within Martur facilities in Bursa.The seat frame assembly includes cataphoretic coating, robot and manual welding operations. The seat assembly process of Martur ends with assembling all the pieces of front or rear seats to produce a complete car seat for their OEM (original equipment manufacturer) clients. Martur also offers design solutions to its clients in its design offices in France, Italy, Romania, Russia and Germany.