What Gokay Group does

Gökay Group is a privately held Turkish industrial, service and investment group founded in 1998 and headquartered in Ankara, operating across Türkiye, Algeria and Ghana through six wholly-owned subsidiaries. The group's activities span the mining sector (chrome ore via ERZ Madencilik, iron ore, olivine, phosphate, and other mineral raw materials), cement manufacturing (Nuh-Ay Çimento Sanayi operating two 700,000-ton annual-capacity cement plants in Oran and Annaba, Algeria), specialty chemicals (Gökten Madencilik producing 99.0% purity Iron Sulphate Heptahydrate in Adapazarı for food, pharmaceutical and cement buyers), infrastructure construction (highways, cement mill construction, quarry exploitation — anchored by the founding entity Gökay İnşaat Madencilik), and West African mining/logistics (Gökay Group Ghana Ltd. in Tema, serving as a hub for further regional investments).

The group makes money through four primary revenue streams: hardware sales from cement manufacturing; transaction-fee revenue from mineral raw materials exports to worldwide iron and steel customers; contract/professional-services revenue from highway and cement-mill construction projects in Turkey and Algeria; and logistics/raw-material supply revenue from the West African construction industry. Pricing is project- and contract-based and not publicly disclosed; engagement is via direct B2B outreach, international partnerships, and country-level project offices. End-customers include iron and steel producers, regional cement companies, food and pharmaceutical manufacturers, and public-sector infrastructure clients.

The business is family-controlled, with Sukru TENES as Chairman of the Board and Semra TENES and Gokberk TENES in senior management; ownership percentages are not disclosed. Marketing footprint is minimal — limited to a corporate website, a contact form, and recruitment via Kariyer.Net — consistent with a relationship-driven, project-based B2B industrial model rather than consumer or SMB marketing.

Name

Gokay Group

Legal name

Gokay Insaat Madencilik Nak.Turz.Tic.Ltd.Sti

Website

https://gokay-group.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

Gokay Group is a privately held Turkish industrial group operating mining, cement manufacturing, specialty chemicals and infrastructure construction across Türkiye, Algeria and Ghana, serving iron and steel, food, pharmaceutical and public-sector clients.

Ownership category

akta.pro rank

Product category

Industrial Mining and Cement Manufacturing

NAICS

Cement Manufacturing (327310), Cement Manufacturing (32731), Lime and Gypsum Product Manufacturing (3274), Phosphatic Fertilizer Manufacturing (325312)

SIC

Concrete, Gypsum & Plaster Products (3270), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

akta.pro secondary industries

Gypsum & Anhydrite Mining (IMAKAGAH), Gypsum & Anhydrite (IMAEAFAK)

Keywords

• Cement manufacturing
• Industrial mining operations
• Infrastructure construction services
• Mineral raw materials export
• Iron sulphate production

Headquarters

HQ city

Çankaya

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Cement Manufacturing: Revenue from operating cement plants with 700,000-ton annual capacity each in Oran and Annaba, Algeria, serving regional construction demand.
2. Mining & Mineral Raw Materials Exports: Export of chrome ore, iron ore, olivine, phosphate and iron sulphate heptahydrate to worldwide customers, notably the iron and steel industry, plus food, pharmaceutical and cement sectors.
3. Construction & Infrastructure Projects: Contract revenue from highway construction, cement mill construction, quarry exploitation and infrastructure projects in Turkey and Algeria.
4. Logistics & Raw Material Supply (West Africa): Provision of raw materials to the construction industry in Ghana, serving as logistics hub for new West Africa investments.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Gokay Group is a vertically integrated Turkish industrial group that mines mineral raw materials (chrome ore, iron ore, olivine, phosphate), manufactures cement at two 700,000-ton plants in Algeria, produces 99.0% purity Iron Sulphate Heptahydrate in Türkiye, and executes highway, cement mill and infrastructure construction projects across Türkiye, Algeria and Ghana. Its commercial output is sold B2B to iron and steel producers, cement and construction companies, and food and pharmaceutical manufacturers worldwide.

Product overview

Gokay Group is a multi-entity industrial, service, and investment group rather than a single unified software product; its offering is structured as a holding of specialized group companies that operate as semi-independent business units under one corporate umbrella. The portfolio spans the founding entity Gokay Insaat Madencilik (mining and construction, 1998, Ankara), the mining and infrastructure construction arm Akgok Madencilik (2008, Algeria), the cement manufacturing operations of Nuh-Ay Cimento Sanayi (2011, Oran and Annaba, Algeria), the West African raw materials and logistics hub Gokay Group Ghana Ltd. (2012, Tema, Ghana), the chemical production unit Gokten Madencilik (2006, Adapazarı, Turkey) producing Iron Sulphate Heptahydrate, and the chrome mining export arm ERZ Madencilik (2014, Erzincan, Turkey). Together these named companies cover mining extraction, cement manufacturing, chemical production, infrastructure construction, raw materials supply, and logistics, primarily across Turkey, Algeria, and Ghana.

Differentiator

Problem solved

Functional benefit

Products and services

• Cement (Nuh-Ay Çimento Sanayi) Cement produced at two 700,000-ton annual capacity plants in Oran and Annaba, Algeria, sold to regional cement and construction-industry buyers.
• Iron Sulphate Heptahydrate (Gökten Madencilik) 99.0% purity Iron Sulphate Heptahydrate produced in Adapazarı, Türkiye, sold as a strategic raw material to buyers in the food, pharmaceutical and cement industries.
• Chrome Ore and Mineral Raw Materials (ERZ Madencilik) Chrome ore and other mineral raw materials (including iron ore, olivine and phosphate) extracted at mines in Erzincan, Türkiye, and exported worldwide to iron and steel customers.
• Highway and Infrastructure Construction Services (Akgök Madencilik) Highway construction, cement mill construction and infrastructure construction services delivered in Algeria and the broader North Africa region for public- and private-sector clients.
• Raw Materials Supply to Construction Industry (Gökay Group Ghana Ltd.) Raw materials supplied to the construction industry in Ghana, combined with West Africa logistics operations supporting the group's regional investments.
• Mining and Construction Services (Gökay İnşaat Madencilik) Mining and construction services delivered by the group's founding entity, headquartered in Ankara, Türkiye, serving as the main operating company across the group's domestic Turkish activities.

Quantifiable outcome

• Employs 500+ technical and administrative personnel across the group
• +2 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Holcim Ltd: Global cement and construction materials leader with deep North African operations (notably Lafarge legacy in Algeria). Competes with Nuh-Ay Çimento Sanayi's two Algerian cement plants and is a key reference for valuation and operating benchmarks in the regional cement market.
• Heidelberg Materials AG: Global cement, aggregates and ready-mix concrete leader with operations in Turkey (via Akçansa) and across Africa. Represents the broader incumbent competitive set against which Gokay's Algerian cement plants must compete on capacity, technology and ESG credentials.
• Dangote Cement Plc: Africa's largest cement producer with pan-African capacity exceeding 50 million tons. Operates in Ghana and other West African markets where Gokay has a presence, representing a much larger incumbent competing for the same regional construction-cement demand.

Direct peers

• Limak Holding (Limak Çimento): Turkish conglomerate with significant cement, construction and infrastructure operations across Africa and the Middle East. Comparable diversified industrial footprint, African operating presence and integrated construction-mining-cement model akin to Gokay.
• Nuh Çimento Sanayi A.Ş. Established Turkish cement producer with a wide product portfolio. Comparable to Gokay's cement manufacturing operations and supplies similar construction-industry customers; notably, Gokay's Algerian cement subsidiary carries the "Nuh-Ay" name, suggesting a historical or relational link to the Nuh Çimento group.
• IC Holding: Turkish industrial conglomerate active in construction, mining, cement and energy across Turkey, North Africa and the Middle East. Closely comparable diversified structure, North African project exposure and integrated mining-construction-cement portfolio.
• Akçansa Çimento Sanayi ve Ticaret A.Ş. Major Turkish cement manufacturer jointly owned by Sabancı Holding and Heidelberg Materials. Comparable to Gokay's cement manufacturing arm, with overlapping production capacity, geographic exposure and end-market focus on construction-grade cement.
• Park Holding: Turkish industrial group with activities in mining, construction materials, energy and infrastructure, including North African operations. Comparable diversified industrial structure, mining exposure and emerging-market infrastructure profile to Gokay.
• Eti Maden İşletmeleri Genel Müdürlüğü: Turkish state-owned mining and chemicals enterprise producing boron products and mineral derivatives for industrial buyers. Comparable to Gokay's mineral extraction (chrome, iron ore) and chemical production (Iron Sulphate Heptahydrate) operations serving food, pharmaceutical and industrial customers.
• Çimsa Çimento Sanayi ve Ticaret A.Ş. Leading Turkish cement producer with international operations. Directly comparable to Gokay's Nuh-Ay Çimento Sanayi cement plants in Algeria, with overlapping cement manufacturing business and exposure to African and Mediterranean construction markets.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gokay-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 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 Gokay Group