- Business
- Aygaz A.S. Aygaz A.S. engages in the procurement, storage, filling, distribution, and manufacturing of liquefied petroleum gas (LPG) products and related equipment in Turkey and select international markets; operates through three main segments including LPG and Gas, Cargo Transportation and Distribution, and Petroleum Products and Electricity; offers cylinder LPG, bulk LPG, autogas under the Aygaz Otogaz+ brand, natural gas supply and logistics via subsidiaries such as Aygaz Doğal Gaz, LPG cylinders, valves, tanks, pressure regulators, mobile heaters, catalytic stoves, patio and greenhouse heaters, and fuel and lubricants through autogas stations; provides marine transportation via its fleet of three LPG vessels (Kuleli, Kuzguncuk, Beylerbeyi) managed by subsidiary Anadoluhisarı Tankercilik A.Ş., road tanker distribution with GPS-tracked fleet, and natural gas modulation, storage, and delivery services; manufactures equipment at its Gebze facility certified to ISO 9001, 14001, 45001, 50001, and 27001 standards; retails through nearly 2,182 cylinder gas dealers and 1,830 autogas stations across 81 cities in Turkey, meeting approximately 52% of the country's LPG demand with 170,000 cubic meters storage capacity at five sea terminals, five filling facilities, eight distribution centers, and one manufacturing site. Founded in 1961 and headquartered in Sisli, Istanbul, the company functions as a subsidiary of Koç Holding A.Ş., Turkey's largest industrial conglomerate, and maintains operations certified to ISO 9001 Quality, 14001 Environment, 45001 Occupational Health and Safety, 50001 Energy, and 10002 Customer Complaints Management standards, with products bearing CE and PI markings for EU circulation. Recent developments encompass the 2024 acquisition of an LPG vessel from Spires Marine Ltd for $59 million to bolster maritime logistics; completion of legal merger transactions on October 9, 2024, integrating Sendeo Dağıtım under the Kolay Gelsin brand via equal partnership; progression of its Bangladesh joint venture United Aygaz LPG Ltd, established in 2021 with United Enterprises & Co. Ltd through 50% share acquisition, which commenced LPG sales in 2022 following Chittagong terminal investments and continues capacity expansions; and transfer of its Istanbul land block share to parent Koç Holding in 2025 as part of portfolio optimization.