Formul Plastik Ve Metal Sanayi AS
BBIST:FRMPL18.17
TRY
-0.73
(-3.86%)
Formul Plastik Ve Metal Sanayi AS
BIST:FRMPL
(Istanbul Exchange)
Recent
price
18.17
P/E
ratio
26.43
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Formül Plastik ve Metal Sanayi A.Ş. (FRMPL.IS) is a Turkey-based plastic and metal manufacturing company that specializes in the design, production, and supply of piping systems and related components for construction and industrial applications. The company operates modern production facilities in Veliköy and Çerkezköy, producing PP-R pipes and fittings, PVC pipes and fittings, PE-RT pipes, and brazed/brass fittings, complemented by metal components and assemblies manufactured in-house. Formül Plastik and Metal Sanayi engages in mold making and plastic injection activities, and it markets its products under its own brand lines, focusing on domestic distribution and international export. The firm targets plumbing, heating, and sanitary markets, serving a diverse customer base including wholesalers, installers, and engineering contractors across multiple geographies. Formül Plastik and Metal Sanayi maintains a long-standing presence in the Turkish manufacturing sector since its founding in 1992, with its headquarters located in Istanbul, Turkey. The company emphasizes vertical integration through its own metal component production, automated production processes, and a growing export footprint; it has expanded production capacity and automation in the 2010s to support larger-volume orders and broader market reach. Formül Plastik and Metal Sanayi operates within the broader plastics and polymers and building materials industries, with product segments covering pipes, fittings, and related accessories, as well as ancillary metal hardware, under a multi-brand strategy aligned with regional and international distribution networks. The firm maintains export activities to a wide set of countries, leveraging its established quality certifications and manufacturing standards to meet customer and regulatory requirements. Formül Plastik and Metal Sanayi maintains governance through an organizational structure appropriate for a mid-size industrial group, with operations designed to support partnerships, supply chain resilience, and ongoing product development in collaboration with regional distributors and end users. Through its integrated production model and expanding international footprint, Formül Plastik and Metal Sanayi continues to pursue diversification of product offerings, enhancement of automation capabilities, and strengthening of aftermarket support for its customer base. The company positions itself as a multi-product supplier of piping systems and matching components, with an emphasis on reliability, quality control, and regional market responsiveness.