Formet Steel Door

What Formet Steel Door does

Formet Steel Door is an industrial manufacturer of steel doors headquartered in Kayseri, Turkey. Founded in 1995, the company has operated continuously for approximately three decades as a producer of steel door products for the building and construction sector. The company is publicly listed on Borsa Istanbul under the ticker ist:FORMT and reports a workforce of 101-250 employees. Its primary website, formetcelikkapi.com.tr, was inaccessible beyond a loading/verification page at the time of data collection, so detailed product, customer, and channel information could not be verified from primary sources.

The company's business model centers on the manufacturing and sale of steel doors, a commodity industrial product category. With a focused single-product specialization and a mid-sized workforce, Formet appears to operate as a regional or national-scale industrial producer rather than a global exporter, though no geographic distribution data is available. Financially, the company has reported a declining revenue trend from a 2022 peak through 2025, accompanied by persistent negative operating income and net losses in four of the five most recent reported years. The financial figures as reported in the source data appear to be in a high-magnitude unit (likely Turkish Lira given the company's Istanbul listing) that is mathematically inconsistent with the disclosed headcount, which materially limits the precision of the financial picture.

The company's strategic profile is limited by the thinness of available disclosures: there is no information on management team, M&A activity, partnerships, certifications, product launches, or geographic expansion. The most identifiable strategic fact is the public listing on Borsa Istanbul, which subjects the company to public-market reporting and disclosure requirements. No AI/ML capabilities, technology partnerships, or digital product offerings are evidenced in the input data.

Name

Formet Steel Door

Website

https://formetcelikkapi.com.tr

Company type

Private

Founded year

1995

Headcount range

101–250 employees

Short description

Formet Steel Door is a Turkish industrial manufacturer of steel doors, founded in 1995 and headquartered in Kayseri, Turkey. The publicly listed company (Borsa Istanbul: FORMT) operates with 101-250 employees and serves the building and construction sector.

Ownership category

akta.pro rank

Product category

Steel Doors

NAICS

Metal Window and Door Manufacturing (332321)

SIC

Metal Doors, Sash, Frames, Moldings & Trim (3442)

akta.pro primary industry

Commercial & Industrial Doors (Sectional, High-Speed, Fire, Security) (IMADAIAF)

akta.pro secondary industries

Exterior Doors (IMADAIAA), Architectural Hardware & Door Controls (Hinges, Locks, Closers, Panic Devices) (IMADAIAI)

Keywords

• Steel door manufacturing
• Industrial steel doors
• Metal door fabrication
• Security door production
• Building materials manufacturing

Headquarters

HQ city

Kayseri

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel

Core offering

Formet Steel Door is an industrial company that manufactures steel doors. Founded in 1995 and headquartered in Kayseri, Turkey, the company produces steel door products for construction, industrial, and security applications. It is publicly listed on the Istanbul Stock Exchange (Borsa Istanbul) under the ticker symbol FORMT.

Product overview

No product information available. The source content shows only a website loader/verification page without any substantive information about the company's products or services.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Doors Steel doors manufactured by Formet Steel Door for industrial, commercial, and security applications. Produced by the company since its founding in 1995 for construction and building-sector buyers.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Regional players

• Kale Kilit: Major Turkish lock and door hardware manufacturer with steel door exposure. Competes with Formet in the Turkish domestic market and shares similar end-market and customer dynamics.
• Sur Yapı (Sur Door): Turkish building products group with a steel door and security door product line. Direct regional competitor in the Turkish market with overlapping distribution channels.

Broad incumbents

• ASSA ABLOY: Global access solutions giant with extensive steel door, fire door, and security door product lines. Overlaps directly with Formet in the steel door segment while also controlling architectural hardware — a key channel and competitive threat.
• dormakaba: Swiss-listed access solutions provider with a significant steel door, automatic door, and door controls portfolio. Comparable in product mix and serves similar commercial/industrial end markets where Formet competes.
• Kingspan Group: Irish-listed global leader in insulated panels and building envelope solutions, including steel door systems for industrial and commercial buildings. Comparable in serving large-scale commercial/industrial construction with metal building components.
• Hörmann: German family-owned leader in industrial, commercial, and residential doors, including a major steel and fire-rated door portfolio. Directly comparable in product category; competes with Formet for commercial/industrial door contracts across Europe and adjacent export markets.

Direct peers

• Mesker Door: US-based manufacturer of steel doors, frames, and architectural openings serving commercial construction. Directly comparable in core product (steel doors/frames) and customer base (commercial contractors).
• Ceco Door: US-based manufacturer of steel doors and frames for commercial, industrial, and institutional applications. Directly comparable in core product (steel doors and frames) and end-user base.
• Steelcraft (an Allegion brand): Allegion-owned manufacturer of standard steel doors and frames for commercial construction. Highly comparable in product offering, target customers, and channel strategy (commercial construction contractors).
• Novoferm: European specialist in industrial doors, garage doors, and steel frames for commercial/industrial buildings. Closest mid-sized direct competitor to Formet in terms of product scope (industrial steel doors) and customer profile.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights4 records

Customer concentration

• Xx.com/FormetGroup

Revenue estimate

Valuation estimate

Number of profiles

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 Formet Steel Door