Eti Maden
Eti Maden is Turkey's sole state-owned boron producer and the world's second-largest boron supplier, operating seven mining and refining sites to extract raw borates and manufacture refined chemicals and branded consumer products for agriculture, metallurgy, defense, glass, ceramics, and cleaning end-markets across domestic and export markets.
- Company typePrivate
- Founded1935
- HeadquartersÇankaya
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Eti Maden does
Eti Maden İşletmeleri Genel Müdürlüğü is a wholly state-owned Turkish mining enterprise operating under the Republic of Turkey Ministry of Energy and Natural Resources (T.C. Enerji ve Tabii Kaynaklar Bakanlığı). Headquartered in Ankara, it is Turkey's sole producer of boron and ranks as the world's second-largest boron supplier, controlling a significant share of global reserves. The company operates seven production and mining sites across Turkey — Kırka, Emet, Bandırma, Bigadiç, Beylikova, Kestelek, and Merkez (Ankara) — and maintains a foreign subsidiary, Eti Maden APAC, with Chinese-language support to serve Asia-Pacific markets.
The company's technology stack spans the full boron value chain: extraction of raw borate minerals (Kolemanit, Tinkal, Üleksit), refining into industrial chemicals (borax, boric acid, boron carbide, granular boron), and production of branded final products (Boron cleaning line, Etidot-67 agricultural supplement, Çinko Borat, Borel, Bortam). Active R&D includes pilot-scale rare earth element processing at Beylikova alongside fluorite and barite operations, advanced ceramic material development for defense applications at Bandırma, and laboratory-driven application research across 400+ industrial use cases.
Eti Maden generates revenue primarily through one-time sale of boron minerals, refined chemicals, and consumer products to domestic industrial buyers via a dedicated sales division (Yurt İçi Satış), an online ordering portal for registered customers, and a tender management system. International revenue is captured through direct export arrangements and the Asia-Pacific subsidiary. End-markets include agriculture, metallurgy, ceramics, glass, insulation, cleaning products, wood preservation, energy, healthcare, and defense. Pricing is not publicly disclosed and is shaped by Ministry oversight. The company employs approximately 1,588 public servants across its operating sites.
Eti Maden firmographics
Firmographics- Name
- Eti Maden
- Legal name
- Eti Maden İşletmeleri Genel Müdürlüğü
- Website
- https://etimaden.gov.tr
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Eti Maden is Turkey's sole state-owned boron producer and the world's second-largest boron supplier, operating seven mining and refining sites to extract raw borates and manufacture refined chemicals and branded consumer products for agriculture, metallurgy, defense, glass, ceramics, and cleaning end-markets across domestic and export markets.
- Ownership category
- akta.pro rank
Eti Maden industry classification
Industry- Product category
- Industrial Minerals and Boron Products
- NAICS
- Ground or Treated Mineral and Earth Manufacturing (327992), Nonmetallic Mineral Product Manufacturing (327), All Other Nonmetallic Mineral Product Manufacturing (32799)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290)
- akta.pro primary industry
- Borates Mining (IMAKAGAD)
- akta.pro secondary industries
- Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Project & Construction Management (EPCM, Owner’s Engineer, Scheduling/Controls) (IMAKAOAG)
Keywords
Where Eti Maden is headquartered
LocationHeadquarters
- HQ city
- Çankaya
Offices6 records
Markets served
Eti Maden business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Boron and Boron Product Sales: Eti Maden generates revenue through the mining and sale of boron minerals (kolemanit, tinkal, üleksit) and refined/produced boron products to domestic Turkish industries and international export markets. The company manufactures value-added products including borax, boric acid, boron carbide, and branded consumer products. The state-owned enterprise sells through domestic sales channels and registered online ordering.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Eti Maden product offering
Product offeringCore offering
Eti Maden mines and processes borate minerals (colemanite, tincal, ulexite) at facilities in Kırka, Emet, Bandırma, Bigadiç, Beylikova, and Kestelek, producing refined boron products (boric acid, borax, boron carbide, granular boron) and branded final products (Etidot-67 agricultural supplement, Boron cleaning product, Çinko Borat, Borel, Bortam). The company sells to industrial buyers across agriculture, metallurgy, ceramics, glass, insulation, energy, defense, and cleaning sectors, and exports to international markets.
Product overview
Eti Maden, Türkiye'nin bor rezervlerinin büyük çoğunluğunu işleten ve dünyanın önde gelen bor üreticisi olan devlet kuruluşudur. Şirket, rafine ürünler (bor karbür, granül bor) ve final ürünler (Etidot-67, Boron, Çinko Borat, Borel, Bortam) olmak üzere geniş bir bor ürün yelpazesi sunmaktadır. Bor mineralleri (kolemanit, tinkal, üleksit) ocaklardan çıkarılarak Kırka, Emet, Bandırma ve Bigadiç tesislerinde işlenmekte, tarım, temizlik, metalurji, seramik, cam, yalıtım, tekstil, sağlık ve enerji sektörlerinde kullanılmaktadır.
Differentiator
Problem solved
Functional benefit
Brands
- Boron: Natural mineral-based cleaning product line launched by Eti Maden for household and industrial cleaning applications.
- Etidot-67
- Çinko Borat
- Borel
- Bortam
Products and services
- Etidot-67 Boron-based agricultural product designed to provide high yield and quality production in agricultural areas by addressing boron deficiency in soil.
- Boron Economical, eco-friendly, natural mineral-based cleaning product. Marketed as Turkey's first and only cleaning product produced from boron.
- Çinko Borat (Zinc Borate) Boron mineral-based zinc compound used in various industrial applications as a final product.
- Borel Boron-based final product in Eti Maden's branded product line.
- Bortam Boron-based final product in Eti Maden's branded product line.
- Kolemanit (Colemanite) Boron mineral mined and sold by Eti Maden, used as a raw material in the production of boron compounds.
- Tinkal (Tincal) Natural borax (tabii boraks) boron mineral mined and sold by Eti Maden.
- Üleksit (Ulexite) Boron mineral known for its optical properties, mined and sold by Eti Maden for industrial use.
- Bor Karbür (Boron Carbide) Boron carbide produced for defense industry and advanced technology applications. Bandırma facility is being constructed for this production.
- Granül Bor (Granular Boron) Granular form of boron product. New production facility opened at Bigadiç in September 2024.
- Bor Elementi ve Bor Mineralleri (Boron Element and Boron Minerals) Turkey's most valuable mineral — boron and boron minerals (colemanite, tincal, ulexite) — processed at Kütahya, Eskişehir, and Balıkesir facilities into high value-added products.
Quantifiable outcome
- 20% of global boron consumption is used in cleaning and detergent products
- +1 more outcomes
Companies that use Eti Maden
Customer profileNamed customers1 record
Segments8 records
Ideal customer profiles4 records
Eti Maden technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Eti Maden partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Retail Chain Stores (Zincir Marketleri)coreEti Maden's branded consumer product Boron (natural mineral cleaning product) was launched in retail chain stores across Turkey. The launch event was attended by the Minister of Energy and Natural Resources Fatih Dönmez, company executives, and retail chain managers, indicating a formal channel partnership for consumer product distribution.
Scale indicators3 records
Recent moves7 records
Expansion highlights7 records
Eti Maden competitors and assessment
Company assessmentDirect peers
- American Borate Company: American Borate Company mines and processes borate minerals in Virginia, producing colemanite, ulexite, and refined borates. It is a direct competitor to Eti Maden in industrial mineral mining and supply.
- Quiborax: Quiborax is a Chilean borate producer operating the largest ulexite deposit in South America, producing boric acid and refined borates. It is a direct competitor to Eti Maden in the global borates value chain.
- Rio Tinto Minerals (US Borax): Rio Tinto's minerals division operates the world's largest borate mining and refining business (US Borax), directly competing with Eti Maden across refined borate products including borax pentahydrate, boric acid, and specialty borates for global industrial markets.
- Searles Valley Minerals (Nirma Limited): Nirma Limited-owned Searles Valley Minerals operates borate mining and processing in California producing borax, boric acid, and specialty borates, directly competing with Eti Maden in the global industrial borates market.
Broad incumbents
- Intrepid Potash: Intrepid Potash is a US-based industrial minerals producer of potash, langbeinite, and specialty fertilizers. It is a broad incumbent in industrial mineral mining with similar operational profile to Eti Maden's mining business.
- Nirma Limited: Indian conglomerate Nirma owns Searles Valley Minerals and operates soda ash, caustic soda, and detergent production consuming borates. It is a broad incumbent that combines downstream consumption with borate mining, comparable to Eti Maden's vertical integration.
- Tronox Holdings: Tronox is a global mining and minerals producer of titanium dioxide, zircon, and specialty minerals. It is a broad incumbent in industrial mineral mining with comparable scale and operational complexity to Eti Maden.
- Sociedad Química y Minera de Chile (SQM): SQM is a global specialty chemicals and mining company producing lithium, potassium, iodine, and specialty plant nutrition. It is a broad incumbent in industrial minerals with comparable mining and processing scale to Eti Maden.
Emerging players
- Washington Mills: Washington Mills is a specialty producer of boron carbide, fused aluminum oxide, and other abrasive grains. It is an emerging competitor in the boron carbide advanced materials segment that Eti Maden is targeting with the Bandırma facility.
Others
- Honeywell International: Honeywell produces advanced materials including boron carbide for defense and industrial applications. It is an adjacent player in Eti Maden's target boron carbide defense materials market, though not a direct mining competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Eti Maden social profiles
Digital presenceEti Maden financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eti Maden leadership team
Management profileNumber of profiles
Profiles2 records
Eti Maden funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eti Maden M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eti Maden
What does Eti Maden do?
Eti Maden mines and processes borate minerals (colemanite, tincal, ulexite) at facilities in Kırka, Emet, Bandırma, Bigadiç, Beylikova, and Kestelek, producing refined boron products (boric acid, borax, boron carbide, granular boron) and branded final products (Etidot-67 agricultural supplement, Boron cleaning product, Çinko Borat, Borel, Bortam). The company sells to industrial buyers across agriculture, metallurgy, ceramics, glass, insulation, energy, defense, and cleaning sectors, and exports to international markets.
Is Eti Maden a public or private company?
Eti Maden is a private company. It is classified as state government owned and is currently operating.
When was Eti Maden founded?
Eti Maden was founded in 1935. It employs 5,001 to 10,000 people.
Where is Eti Maden based?
Eti Maden is headquartered in Çankaya.
How does Eti Maden make money?
One revenue line is on record: boron and Boron Product Sales.
Who are Eti Maden's main competitors?
Direct peers on record are American Borate Company, Quiborax, Rio Tinto Minerals (US Borax) and Searles Valley Minerals (Nirma Limited). Broad incumbents are Intrepid Potash, Nirma Limited, Tronox Holdings and Sociedad Química y Minera de Chile (SQM). Washington Mills is listed as an emerging player. Honeywell International is listed as an others.
Does Eti Maden have an API?
No public API is recorded for Eti Maden.
What industry is Eti Maden in?
Eti Maden's product category is Industrial Minerals and Boron Products. Its primary akta.pro industry code is IMAKAGAD, Borates Mining, with a secondary code of IMAKAJAF, Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc). Its NAICS code is 327992 and its SIC code is 1400.