Eti Maden

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.

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

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

• Boron mining operations
• Borate mineral processing
• Boric acid production
• Rare earth elements extraction
• Industrial mineral supply

Headquarters

HQ city

Çankaya

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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

Core 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

Named customers1 record

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Retail Chain Stores (Zincir Marketleri)coreChannel Partner/ Reseller/ DistributorEti 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

Direct 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

• Xx.com/etimaden
• Facebookfacebook.com/etimadenkurumsal

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Eti Maden