- CEO
- Cem Akan
- Sector
- Producer manufacturing
- Industry
- Building products
- Address
- Kocaeli Turkey
- IPO Date
- Jan 27, 1992
- Business
- Alarko Carrier Sanayi ve Ticaret A.S. is a Turkey-based joint venture manufacturer, distributor, and engineering services provider specializing in heating, ventilation, air conditioning (HVAC), water management, and building automation systems. Established in 1954 and restructured in 1998 through an equal partnership between Alarko Holding and Carrier Corporation, the company is headquartered in Kocaeli, Turkey, and operates a modern manufacturing and engineering complex in the Gebze Organized Industrial Zone. The company operates through two primary divisions: Manufacturing and Trading/Distribution. Its comprehensive product and service offerings comprise heating systems, including residential condensing wall-hung boilers, commercial floor-standing boilers, burners, panel radiators, and solar thermal collectors; cooling and climate control equipment, including centrifugal and scroll chillers, rooftop units, air handling units, fan coil units, and variable refrigerant flow (VRF) systems; water and fluid management systems, including submersible pumps, multi-stage booster sets, inline circulation pumps, and drainage systems; building management systems, including automated environmental controls, energy management software, and digital monitoring devices; and professional services, including heating and cooling system design, engineering consultancy, installation oversight, maintenance contracting, and spare parts distribution through its Totaline branch network. The company produces equipment under the Alarko and Carrier brand names, while also serving as the exclusive distributor of Toshiba residential and light commercial air conditioners in Turkey. Alarko Carrier distributes its offerings to residential developers, industrial facilities, hospitals, educational institutions, commercial centers, and public infrastructure projects domestically and across export markets in Europe, the Middle East, North Africa, and the Commonwealth of Independent States. In recent operational developments, the company has accelerated its transition toward energy efficiency and decarbonization by expanding its lineup of advanced air-to-water heat pumps, hybrid renewable thermal systems, and air conditioning units utilizing low global warming potential (GWP) refrigerants. The company has also integrated Industry 4.0 digital manufacturing workflows at its Gebze production plant, launched next-generation IoT-enabled smart combi boilers featuring remote diagnostic capabilities, and broadened its distribution footprint in European HVAC markets to support regional green building retrofits and clean energy transitions.