Bagfas Bandirma Gubre Fabrikalari

What Bagfas Bandirma Gubre Fabrikalari does

BAGFAŞ Bandırma Gübre Fabrikaları A.Ş. is Turkey's first and only integrated fertilizer production facility, manufacturing chemical fertilizers (CAN, AN, DAP, AS, and various NPK compound and sulphur-zinc formulations), sulphuric acid, and phosphoric acid from imported sulphur and phosphate rock. The integrated complex at Bandırma/Erdek on the Marmara Sea coast employs the double absorption contact process for sulphuric acid (licensed from Lurgi/BASF, 550,000 tons/year capacity), the Nissan H Process hemihydrate reaction for phosphoric acid (150,000 tons/year), and proprietary plug flow reactor technology pioneered with Stamicarbon/Uhde in 1980. A 10MW turbine-generator powered by sulphuric acid production vapour meets most on-site energy needs. Production capacity expanded with the 660,000 ton/year granular CAN/AN facility (commissioned August 2015), financed through a EUR 140.75M credit agreement with ThyssenKrupp/Uhde.

The company's commercial model combines domestic B2B sales through agricultural dealers and distributors reaching Turkish SMB farmers with direct export operations spanning four continents. Specialty custom formulations are produced for specific customers including PANKOBIRLIK (Beet Farmers Cooperative Union of Turkey). All fertilizer and acid products are REACH-registered for European export and TSE-certified; a partnership with Germany's BayWa AG supports entry into the German market under the 'Bagfas KAS27%N' brand. BAGFAŞ operates its own port with jetties for vessels up to 40,000 GT, enabling direct raw material import and product export. Pricing is quote-based for bulk orders, with multi-year contracts for some customers; revenue streams comprise fertilizer sales, acid sales, and export revenue.

Founded in 1969 by chemical engineer Recep Gençer and publicly listed on the Istanbul Stock Exchange shortly thereafter, BAGFAŞ has remained under significant Gençer family influence, with Yahya Kemal Gençer serving as Chairman, CEO, and Executive Board Member. The company has executed multiple capital increases (2012, 2014, 2021, 2022), the most recent being a 1000% rights issue raising capital from 135 million TL to 1,485 million TL. Subsidiary structure includes wholly-owned T GÜBRE Dış Ticaret A.Ş. (mineral fertilizer trade), majority-owned BAGFAŞ Servis Pazarlama Ltd. Şti. (marketing and logistics), and minority interests in BAGASAN (packaging), BADETAŞ (marine transportation), and BAGFAŞ Teknik Müteahhitlik (mechanical maintenance services). Bagging capacity stands at 5,000 tons/day across five lines.

Name

Bagfas Bandirma Gubre Fabrikalari

Legal name

Bandırma Gübre Fabrikaları A.Ş.

Website

https://bagfas.com.tr

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

BAGFAŞ is Turkey's first and only integrated fertilizer manufacturer, producing CAN, AN, DAP, NPK compound fertilizers, and industrial acids since 1969 for domestic farmers and export markets across four continents.

Ownership category

akta.pro rank

Product category

Chemical Fertilizers

NAICS

Fertilizer and Compost Manufacturing (32531), Phosphatic Fertilizer Manufacturing (325312), Nitrogenous Fertilizer Manufacturing (325311)

akta.pro industry

PRIMARYAFABABAI

Fertilizer Production & Granulation Services (Tolling, Compaction, Prilling)

Agriculture & Food Production/Agricultural Inputs & Agrochemicals/Fertilizers (Nitrogen, Phosphate, Potash)

SECONDARYAFABABAH

Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines)

Agriculture & Food Production/Agricultural Inputs & Agrochemicals/Fertilizers (Nitrogen, Phosphate, Potash)

Keywords

• Chemical fertilizer manufacturing
• Industrial acid production
• Phosphate fertilizers
• Nitrogen fertilizers
• Integrated fertilizer production

Headquarters

HQ city

Beyoglu

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fertilizer Sales: BAGFAŞ produces and sells chemical fertilizers including CAN, AN, DAP, AS, and compound fertilizers. The company sells both from own production and sources fertilizers from international suppliers to meet Turkish farmers' requirements.
2. Acid Sales: Production and sale of industrial acids including phosphoric acid and sulphuric acid for various industrial applications.
3. Export Revenue: Export of fertilizers and acids to international markets across 4 continents. Products are REACH registered for export. The company exports special compound fertilizers to several countries worldwide.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

BAGFAŞ manufactures chemical fertilizers (CAN, AN, DAP, AS, and compound NPK fertilizers with sulphur and zinc) and industrial acids (sulphuric acid and phosphoric acid) at an integrated production facility in Bandırma, Turkey. The company processes raw materials including sulphur and phosphate rock into finished fertilizer products and exports to four continents, with all products REACH-registered for international markets.

Product overview

BAGFAS is Turkey's leading fertilizer and industrial chemical manufacturer, operating as an integrated production facility. The company produces a comprehensive portfolio of chemical fertilizers including Nitrogen-based products (CAN, AN, AS), Phosphate-based products (DAP, TSP), and Complex/NPK fertilizers with sulphur and zinc formulations. Additionally, BAGFAS manufactures industrial acids (Sulphuric Acid, Phosphoric Acid) and offers custom/specialty fertilizer formulations. All fertilizer and acid products are REACH registered and exported globally. The integrated facilities include port terminals, turbine-generator power generation, and bagging operations.

Differentiator

Problem solved

Functional benefit

Brands

• Bagfas KAS27%N: Granular CAN fertilizer branded and marketed as 'Bagfas KAS27%N' for the German market at AGRITECHNICA-2015.

Products and services

• Super Granule CAN (26.5% N) Calcium ammonium nitrate fertilizer with 26.5% nitrogen content; BAGFAS is the sole producer of granule CAN in Turkey, minimizing nitrogen loss in soil due to its granular form.
• AN (Granule 33.5% N) Ammonium nitrate fertilizer with 33.5% nitrogen content; BAGFAS is the only producer of granular AN in Turkey, offering water-soluble properties that minimize nitrogen loss.
• DAP (18.46.0) Di Ammonium Phosphate fertilizer containing 18% nitrogen and 46% P2O5 (phosphate); described as the world's most frequently used root fertilizer.
• AS (21% N) Ammonium Sulphate with 21% nitrogen and 24% sulphur; known as 'sugar fertilizer' due to its white crystal structure resembling granulated sugar.
• Sulphur Composite Fertilizer 20.20.0 + 36 SO3 Composite fertilizer with 20% nitrogen, 20% phosphate, and 36% SO3; granular form used as root fertilizer for soils not requiring potassium.
• Sulphur Zinc Composite Fertilizer 20.20.0 + 30 SO3 + 1 Zn Composite fertilizer containing nitrogen, phosphate, sulphur, and zinc; addresses zinc deficiency in Turkish soil.
• Sulphur Composite 15.15.15 + 25 SO3 Composite fertilizer with 15% nitrogen, 15% phosphate, 15% potassium, and 25% SO3.
• Sulphur Trioxide Zinc NPK Compound 15.15.15 + 20 SO3 + 1 Zn Compound fertilizer with nitrogen, phosphorus, potassium, sulphur trioxide, and zinc for soils lacking zinc and potassium.
• Phosphoric Acid Industrial acid used in textile, food industry, agriculture, metal surface cleaning, industrial cleaning, leather industry, cosmetics, detergents, construction chemicals, soft drink acidity, poultry, pesticide production, and pH adjustment applications.
• Sulphuric Acid Key industrial chemical used in leather industry, construction, food industry, metal and energy industries, fertilizer production, oil refining, wastewater treatment, and chemical synthesis.
• Special Formulations (Custom Blends) Custom fertilizer formulations produced for specific customer requirements, including Beet Farmers Cooperative Union of Turkey. Examples include Sulphur Composite 12.30.12 + 15 SO3, Compound Fertilizers 10.20.0, 16.20.0, and various Sulphur Zinc Composites.

Quantifiable outcome

• Over 50% increase in crop output possible with correct fertilizer type and amount
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• BayWa AGcoreChannel Partner/ Reseller/ Distributor · 5 November 20153-year export agreement for distribution of BAGFAŞ's Granül CAN fertilizer under 'Bagfas KAS27%N' brand in the German market. Partnership established for European market entry at AGRITECHNICA 2015.
• Uhde GmbH (ThyssenKrupp)coreTechnology or Integration · 18 June 2012Credit agreement of EURO 140,750,000 for the construction of granule CAN fertilizer production facilities with annual capacity of 660,000 tons. Uhde GmbH, a ThyssenKrupp company, provided technology and equipment for the new CAN/AN factories.
• Stamicarbon/Uhde/BAGFAŞcoreStrategic or Co-development PartnerJoint development of plug flow reactor technology for fertilizer production. BAGFAŞ pioneered the commercial use of this technology in 1980, which was subsequently adopted by other companies in Turkey and worldwide.
• Lurgi/BasfcoreTechnology or IntegrationLicensed technology for sulphuric acid production using the double absorption contact process - the most advanced sulphur processing method globally.
• Aren Bağımsız Denetim ve SMMM A.Ş.minorOthersIndependent auditing firm selected by the Board of Directors and approved by the General Assembly for financial statement audits.

Scale indicators13 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• OCI Global: Dutch-headquartered nitrogen, methanol, and natural gas-based producer with large-scale fertilizer operations. Directly competes in the nitrogen fertilizer (CAN/AN) and industrial chemicals space relevant to BAGFAŞ.
• Gübre Fabrikaları Türk A.Ş. (GÜBRETAŞ): Turkey's largest fertilizer producer by sales, with a broad portfolio of nitrogen, phosphate, and compound fertilizers. Directly comparable to BAGFAŞ as a domestic Turkish fertilizer competitor serving the same agricultural customer base.
• Toros Tarım (Tekfen Holding): Major Turkish fertilizer producer with manufacturing facilities in Ceyhan and Samsun, producing NPK, CAN, AN, and DAP. Direct competitor with overlapping product portfolio and distribution reach into Turkish agricultural markets.

Broad incumbents

• CF Industries: North American nitrogen fertilizer leader producing ammonia, urea, ammonium nitrate, and UAN. Comparable in nitrogen-based fertilizer production technology and capital-intensive, large-scale plant operations.
• ICL Group: Israel-based specialty fertilizers and mineral-based products producer. Compares in phosphate fertilizer and specialty fertilizer formulations, with REACH-registered European distribution networks similar to BAGFAŞ's export strategy.
• Yara International: Global nitrogen fertilizer leader producing CAN, AN, urea, and compound NPK products. Comparable in core product categories (especially CAN and AN) and in scale of fertilizer production, although Yara is far larger and globally diversified.
• K+S AG: German producer of potash and salt products with established European agricultural distribution. Comparable in operating European agricultural markets and in port-based logistics infrastructure for bulk fertilizer distribution.
• Nutrien: World's largest fertilizer producer with major nitrogen, potash, and phosphate operations. Comparable in serving global agricultural inputs markets with REACH-compliant distribution capabilities, though at vastly greater scale.

Regional players

• Petkim Petrokimya Holding: Turkey's main petrochemicals producer operating the Aliaga complex. Comparable as a publicly listed Turkish industrial chemicals producer with similar capital intensity, regulatory exposure, and Turkish lira/scale dynamics.
• Ege Gübre: Turkish fertilizer manufacturer producing compound NPK fertilizers, operated within the agricultural inputs sector. Comparable regional producer with similar product mix serving Turkish farming customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bagfas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 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 Bagfas Bandirma Gubre Fabrikalari