What Habas does

Habas (HABAŞ Sınai ve Tıbbi Gazlar İstihsal Endüstrisi A.Ş.) is a privately held, 100% Turkish-capital diversified industrial conglomerate founded in 1956 by Hamdi Başaran in Istanbul, headquartered in Kartal and operating across ten business divisions: industrial and medical gases, steel, energy, automotive, heavy machinery fabrication, natural gas (LNG/CNG), LPG, shipbuilding, port operations, maritime transport, and financial services through Anadolubank and its subsidiaries.

The company's industrial core rests on large-scale, capital-intensive process assets: 5,500 tons/day of liquid oxygen/nitrogen/argon production capacity (anchored by the world's largest 100% liquid-producing air separation plant in Bilecik, commissioned 2023), 4.5 million tons/year of integrated steelmaking at Aliağa/Izmir, an 871.435 MW natural gas combined cycle power plant supplying over 2% of Turkey's electricity, Turkey's largest hydrogen facility (5.2 million Nm³/year), and three liquid CO₂ plants (520 tons/day combined). Its Manisa OSB facility, commissioned Q4 2024, adds 15,000 units/year of heavy and light commercial vehicle manufacturing across diesel, electric, and hydrogen fuel cell variants, while Yıldız Shipyard (acquired 2021, 100,000 DWT capacity) and a fleet of dry cargo vessels entered in 2024 extend the group into maritime. Distribution is built on twelve tube-filling plants, hundreds of gas distributors, 360 LPG dealers, 200 autogas stations, 64 Kawasaki and 177 SYM motorcycle service points, and 97 Anadolubank branches with an 850-correspondent-bank international network.

Revenue mechanics are predominantly B2B hardware sales on a quote-based pricing model (industrial gases, steel, vehicles, heavy machinery, LPG, LNG/CNG, port handling) combined with subscription/recurring revenue at the power plant and Anadolubank. Customer segments span steel/metals, healthcare, food and beverage, automotive, electronics, chemicals/petroleum, glass, agriculture, pharmaceutical, and construction industries. The group operates under family ownership (the Başaran family), is 100% locally owned Turkish capital, and has not raised external equity through funding rounds.

Name

Habas

Legal name

HABAŞ Sınai ve Tıbbi Gazlar İstihsal Endüstrisi A.Ş.

Website

https://habas.com.tr

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Habas is a privately held, 100% Turkish-owned diversified industrial conglomerate founded in 1956, producing industrial and medical gases (5,500 tons/day), integrated steel (4.5M tons/year), electricity (871 MW), commercial vehicles (EV and hydrogen), LPG, LNG/CNG, and ships, and operating Anadolubank with 97 branches.

Ownership category

akta.pro rank

Product category

Industrial Gases & Steel Manufacturing

NAICS

Industrial Gas Manufacturing (32512), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Pump and Compressor Manufacturing (33391), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590), Oil & Gas Field Machinery & Equipment (3533), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Air Separation (Oxygen/Nitrogen/Argon) (IMAEACAA)

akta.pro secondary industries

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL), Industrial Gases (Compressed/Cryogenic) Bulk Transport (TLADALAE), Industrial Gases Logistics (Compressed/Cryogenic; Class 2) (TLAIAJAH)

Keywords

• Industrial gas production
• Medical gas supply
• Integrated steel manufacturing
• Commercial vehicle manufacturing
• LNG and CNG distribution

Headquarters

HQ city

Kartal

Offices23 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial and Medical Gases: Production and sale of industrial and medical gases (oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, acetylene, etc.) in liquid and gas form, with associated equipment and customer solutions
2. Steel Production: Annual 4.5 million ton steel production capacity producing hot rolled coils, cut sheets, wire rod, and bar products for domestic and export markets
3. Financial Services (Anadolubank): Banking services through 97 branches, including corporate, commercial, SME, agricultural banking and retail/digital banking; also includes investment, leasing, and factoring subsidiaries
4. Automotive Vehicles: Production and sale of buses (diesel, electric, hydrogen), trucks, tractors, and motorcycles. Manisa OSB facility with 15,000 annual heavy/light commercial vehicle capacity operational Q4 2024
5. Natural Gas (LNG/CNG): LNG and CNG supply and distribution to areas without pipeline access, including equipment and regulatory systems
6. LPG: Cylinder LPG, bulk LPG, and autogas distribution through 360 cylinder dealers and 200 autogas stations, with 28,000 m3 storage capacity and LPG vessel
7. Energy Production: 871.435 MW natural gas combined cycle power plant producing over 2% of Turkey's electricity; also 200 MWp solar power investment in Ankara Polatlı
8. Heavy Machinery: Cryogenic storage tanks, pressure vessels, spiral welded pipes, high-pressure gas cylinders, steel construction for steel plants, rolling mills and energy facilities; 32,000 m2 factory in Gebze
9. Shipbuilding: New ship construction, yacht building, ship repair and refit at Yıldız Shipyard in Tuzla/Istanbul on 44,100 m2 with 100,000 DWT annual construction capacity
10. Port Services: Port operations at Aliağa/Izmir for scrap steel discharge and finished steel product loading, serving other organizations; 2,178 m total berthing length with cranes up to 35 tons
11. Maritime Transport: Shipping services with two dry bulk vessels (14,415 DWT Fulmar S, 25,362 DWT Albatros I) starting August 2024; new 40,000 DWT vessel expected 2026

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

HABAŞ is a diversified Turkish industrial conglomerate producing and distributing industrial and medical gases (oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, acetylene, specialty gas mixtures) through air separation units and tube-filling plants. Beyond gases, it operates an integrated steel complex (4.5 million tons/year capacity), an automotive plant manufacturing diesel, electric, and hydrogen commercial vehicles (buses, trucks, tractors), 871 MW of natural gas power generation, LNG/CNG distribution, LPG distribution, heavy machinery fabrication, shipbuilding at Yıldız Shipyard, port operations, and banking services through Anadolubank and subsidiaries.

Product overview

HABAŞ Sınai ve Tıbbi Gazlar İstihsal Endüstrisi A.Ş. is a diversified Turkish industrial conglomerate founded in 1956 by Hamdi Başaran, operating as a 100% Turkish-capital enterprise. The company functions as a multi-division industrial group rather than a single unified product. Its primary divisions include Industrial and Medical Gases (its historic and core business, producing oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, acetylene, nitrous oxide, ethylene oxide, and specialty gas mixtures through air separation units and tube-filling plants), Steel (integrated steel production in Aliağa with 4.5 million tonne annual capacity, producing hot-rolled flat and long steel products), Energy (871.435 MW natural gas combined cycle plant and solar investments), Automotive (commercial vehicle manufacturing in Manisa producing diesel, electric, and hydrogen fuel cell buses, trucks, and tractors), Heavy Machinery Fabrication (cryogenic tanks, pressure vessels, gas cylinders, spiral pipes), Natural Gas (LNG and CNG supply for off-grid customers), LPG Distribution, Shipbuilding (Yıldız Shipyard in Tuzla), Port Operations (Aliağa port for steel logistics), Ship Operations (dry cargo vessels), and Financial Services through Anadolubank and its subsidiaries. HABAŞ also distributes Kawasaki, Harley-Davidson, and SYM motorcycles in Turkey.

Differentiator

Problem solved

Functional benefit

Brands

• Anadolubank: Banking and financial services subsidiary - one of Turkey's young, dynamic banks with high growth potential
• Anadolu Yatırım
• Anadolu Faktoring
• Anadolu Leasing
• Anadolubank N.V.
• Yıldız Tersanesi
• ComfortCity
• ComfortCity-e
• ComfortCity-H2
• AlfaCity-e
• AlfaLux-e
• SteelPower
• SteelPower-e
• StonePower
• HABAŞ Otogaz LPG
• ASGAZ
• PEGAGAZ
• OKSİ-KOLAY
• HABAŞ Limanı
• HABAŞ Hamdi Başaran Mesleki ve Teknik Anadolu Lisesi
• Z-Moto

Products and services

• Industrial and Medical Gases Production and distribution of a broad portfolio of industrial and medical gases (oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, acetylene, nitrous oxide, ethylene oxide, mixed gases) through 12 tube-filling plants and 4 air separation units across Turkey, with 5,500 tons/day liquid gas capacity (2023) and 45,000 ton storage.
• Steel Production (Demir Çelik) Fully integrated steel production complex in Aliağa/İzmir producing hot-rolled coils, hot-packed sheets, pickled coils, cut-to-length plates, wire rod, merchant bar, rebar, and NK-certified ship plates, with annual steelmaking capacity of 4,500,000 tonnes.
• Energy Generation (Doğal Gaz Kombine Çevrim & Solar) Electricity generation through a 871.435 MW natural gas combined cycle power plant supplying over 2% of Turkey's electricity, plus a 200 MWp solar power plant investment in Ankara Polatlı.
• LNG and CNG Distribution First-mover LNG (liquefied natural gas) and CNG (compressed natural gas) supply and distribution to industrial facilities, power plants, and commercial buildings without pipeline access, delivered 24/7/365 via the company's tanker fleet.
• LPG Distribution Cylinder LPG, bulk LPG, and autogas distribution through ASGAZ, HABAŞ Petrol Ürünleri, and PEGAGAZ subsidiaries, operating 360 LPG dealers and 200 autogas stations nationwide with 28,000 m³ storage capacity and an LPG transport vessel.
• Heavy Machinery Fabrication (HABAŞ Endüstri Tesisleri) Manufacture of cryogenic LOX/LIN/LAR/LNG storage tanks, LPG tanks, spiral-welded pipes, high-pressure gas cylinders, pressure vessels, and turnkey fabrication, assembly, and commissioning for steel plants and energy facilities, in a 32,000 m² covered facility in Gebze.
• ComfortCity-e Electric Bus 12-metre fully low-floor zero-emission electric city bus with 410 kW VOITH electric motor and HABAŞ R&D-adapted LFP batteries, targeting urban transit operators.
• ComfortCity-H2 Hydrogen Fuel Cell Bus 12-metre fully low-floor hydrogen fuel cell city bus with 140 kWh LFP battery, 80 kWh fuel cell, 35 kg hydrogen capacity, less than 10-minute refueling, range exceeding 1,000 km.
• SteelPower Tractor and SteelPower-e Electric Tractor Heavy-duty tractor in diesel (450-530 PS, 2,300-2,600 Nm torque, Euro 6e, automatic transmission, ECO/POWER modes) and electric variants (SteelPower-e 4x2, 410 kW VOITH motor, HABAŞ R&D-adapted batteries, zero emission) for logistics and haulage operators.
• AlfaCity-e and AlfaLux-e Electric Midibuses 8.2-metre fully low-floor electric midibuses with 250 kW VOITH electric motor and 282 kWh LFP lithium-ion batteries, available in city transit (AlfaCity-e, 3-door) and intercity (AlfaLux-e, 35+1+1 passenger, large luggage compartment) variants.
• Yıldız Shipyard (Shipbuilding) New ship construction, yacht building, ship repair and refit at Yıldız Shipyard in Tuzla/Istanbul on a 44,100 m² site with 100,000 DWT annual construction capacity; Turkey's first and only private shipyard to produce and use its own ship steel.
• HABAŞ Port (Liman İşletmeciliği) Multi-berth port in Aliağa/İzmir, 7 km from the steel plant, used for scrap steel discharge and finished steel product loading, serving external organizations with total berthing length of 2,178 metres and maximum draft of 48 metres.
• Anadolubank (Banking Services) Banking services through 97 branches across Turkey offering corporate, commercial, SME, retail, agricultural, and digital banking services, with an international subsidiary in the Netherlands and 850 correspondent banks.
• Medical Oxygen Therapy (OKSİ-KOLAY) Home-based medical oxygen therapy service offering fixed units (Liberator 30/45 TF), portable units (Stroller 1.2, Spirit 300), and 24/7 ambulance delivery for respiratory patients.
• Ship Operations (Dry Cargo Maritime) Maritime fleet operations including Fulmar S (14,415 DWT) and Albatros I (25,362 DWT) providing global dry cargo shipping services, with a new 40,000 DWT vessel under construction at Yıldız Shipyard.
• Kawasaki Motorcycles (Turkey Distribution) Z-Moto distributes Kawasaki motorcycles, ATVs, and Jet-skis in Turkey, operating 64 authorized service points and 28 authorized dealers across 7 regions.
• Harley-Davidson (Turkey Dealerships) Harley-Davidson dealerships in Istanbul East (Watergarden AVM, Ataşehir) and Ankara (Armada AVM) operated through Mertaş HDM Motosiklet A.Ş.
• SYM Motorcycles (Turkey Production and Distribution) MOTORAN produces and distributes SYM motorcycles and scooters in Turkey, operating 177 authorized service points and 90 authorized dealers across 7 regions.

Quantifiable outcome

• Daily liquid gas production capacity of 5,500 tons meets Turkey's projected 2030s industrial and medical gas needs
• +4 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MOTORAN A.Ş. (SYM Turkey)coreChannel Partner/ Reseller/ Distributor · 1 January 2022A Habas Group company established in early 2022 to produce and distribute SYM (SANYANG MOTOR CO. LTD.) motorcycles and scooters in Turkey. SYM produces in Taiwan, China, and Vietnam and sells to 90 countries. MOTORAN operates 177 service points and 90 dealers across 7 regions.
• Anadolu FactoringminorOthers · 1 January 2007Anadolu Factoring A.Ş. started operations in 2007 with BDDK permission, 99% owned by Anadolubank shareholders, providing customized factoring solutions primarily in Istanbul.
• Anadolubank N.V. (Netherlands)minorOthers · 1 January 2007Subsidiary of Anadolubank A.Ş. established in the Netherlands with banking license from Dutch Central Bank (2007), operating since 2008 to finance medium and large enterprises and foreign trade in Euro Zone and Turkey.
• Anadolu LeasingminorOthers · 1 January 2005Anadolu Finansal Kiralama A.Ş. established in December 2005 to provide medium and long-term financial leasing for investments, utilizing Anadolu Bank's customer base and branch network.
• Z-Moto Motorlu Araçlar Ticaret A.Ş. (Kawasaki Turkey)coreChannel Partner/ Reseller/ Distributor · 1 January 2003Established by Habas Group in 2003 to represent Kawasaki brand for motorcycles, ATVs and Jet-skis in Turkey. Operates 64 authorized service points and 28 dealers across 7 regions with 20 years of experience.
• Anadolu YatırımminorOthers · 1 January 1998Affiliated with Anadolubank, Anadolu Yatırım is a broad-authorized brokerage firm operating in capital markets since 1998, serving individual and institutional investors through WEBBORSAM and PARITEM trading platforms.
• AnadolubankcoreOthers · 1 January 1997Habas Group acquired Anadolubank from the Privatization Administration in 1997 with 3 branches, which has grown to 97 branches today. Anadolubank provides banking services across Turkey including corporate, commercial, SME, agricultural, retail, and digital banking. It also has international operations through Anadolubank N.V. in the Netherlands.
• Voith (Electric Motor Supplier)coreTechnology or IntegrationVoith supplies electric motors for Habas's electric vehicles: ComfortCity-e bus (410 kW), SteelPower-e truck (410 kW), AlfaCity-e and AlfaLux-e midi buses (250 kW). Habas R&D center adapts Voith motors with lightweight and durable batteries.
• Mertaş HDM Motosiklet A.Ş. (Harley-Davidson Turkey)coreChannel Partner/ Reseller/ DistributorMertaş HDM operates Harley-Davidson dealerships in Istanbul East (Watergarden AVM, Ataşehir) and Ankara (Armada AVM), bringing the iconic motorcycle brand into Habas Group.

Scale indicators20 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Air Liquide: World's largest industrial gas group with comparable oxygen/nitrogen/hydrogen/CO2 product portfolio, ASU and on-site supply model, and similar medical-gas and electronics customer base — the closest global analogue to Habas's gas division.
• Otokar: Turkey's leading bus and light commercial vehicle manufacturer and a direct competitor to Habas's ComfortCity bus family in municipal and intercity tenders.
• Messer Group: Privately held, family-owned global industrial gas producer (the largest privately held player). Mirrors Habas on private/family ownership, broad gas portfolio, and European/emerging-market presence — most relevant structural peer.
• Temsa (Sabancı Holding): Turkish bus and midibus manufacturer with comparable product positioning in city and intercity buses, including EV variants — directly competes with ComfortCity and AlfaCity product lines.
• Linde plc: Global industrial gas major producing oxygen, nitrogen, argon, hydrogen and CO2 via air separation and on-site supply — directly comparable to Habas's core industrial and medical gas business, with similar end markets (steel, healthcare, electronics, food).
• Air Products and Chemicals: US-listed industrial gas and hydrogen major; directly comparable on merchant liquid gas, ASU technology, and hydrogen supply — overlapping with Habas's liquid gas production and hydrogen expansion.

Broad incumbents

• Erdemir (Ereğli Demir ve Çelik Fabrikaları): Turkey's largest integrated steel producer — directly comparable to Habas's 4.5M ton Aliağa steel operations on product mix (flat/long), end markets and scale, but as an incumbent with broader product reach.
• Nippon Sanso Holdings (Taiyo Nippon Sanso): Japanese industrial gas major with global ASU footprint and strong presence in Asia/US — overlapping product portfolio and air-separation technology, but a much larger incumbent with broader geographic reach.

Regional players

• İsdemir (İskenderun Demir ve Çelik): Turkish integrated steel producer competing with Habas Demir Çelik in the same domestic flat/long steel market — directly comparable on geography and product, but a different ownership group (Oyak Mining & Metallurgy).

Emerging players

• Karsan: Turkish manufacturer focused on electric and hydrogen public-transport vehicles; emerging competitor in the same zero-emission bus segment where Habas ComfortCity-e and ComfortCity-H2 are launching.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance24 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Habas