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The Role of Father's Advice Given to the Erdemoğlu Family in the Journey from Merinos to SASA

The Role of Father's Advice Given to the Erdemoğlu Family in the Journey from Merinos to SASA
While touring the Merinos factory in Gaziantep, İbrahim Erdemoğlu shared with me two pieces of advice his father, Mehmet Erdemoğlu, left for his children: "Stay away from politics, don't get involved with football." His children followed these two pieces of advice, and they established a family constitution by which they reinvested at least 90% of their earnings. The story, which began with two carpet looms, stretched from Merinos to SASA, and another tradition inherited from their father continued: giving back to society. They built mosques, Alevi community centers, schools, and dormitories…
 
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A Move Towards Foreign Investment by Merinos

A Move Towards Foreign Investment by Merinos
Merinos, which accounts for 7% of the world's machine-made carpet production, is going public with a 50% stake held by international investors. This initial public offering by Erdemoğlu Holding, which also owns SASA, will mark a first for the stock market since 2017. This move is expected to generate millions of dollars in foreign currency inflow and make a significant contribution to the Turkish capital markets.
 
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Merinos Goes Public, Reducing SASA’s Debt-to-Equity Ratio

Merinos Goes Public, Reducing SASA’s Debt-to-Equity Ratio
• Erdemoğlu Holding, which also owns SASA, is taking Merinos, its subsidiary and the world’s largest manufacturer of machine-made carpets, public.
• With its new facility set to come online in October, the company’s annual revenue is expected to reach 1 billion Dollars. A significant portion of the proceeds from the initial public offering, in which two-thirds of the shares will be allocated to international investors, will be used to reduce SASA’s debt leverage.
 
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'Polyester Chips' Will Multiply Merinos' Success, with 'Artificial Intelligence' Support, It Will Reach 1 Billion Dollars

'Polyester Chips' Will Multiply Merinos' Success, with 'Artificial Intelligence' Support, It Will Reach 1 Billion Dollars
While traveling to Gaziantep with a group of colleagues to visit the Merinos facilities at the invitation of İbrahim Erdemoğlu, Chairman of the Board of Erdemoğlu Holding, I looked back at my article based on notes I took during a tour in December 2024:

 
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Merinos Prepares for Initial Public Offering: Over 50 Percent of Shares to Be Allocated to Foreign Investors

Merinos Prepares for Initial Public Offering: Over 50 Percent of Shares to Be Allocated to Foreign Investors
• Merinos, one of the world’s largest manufacturers of machine-made carpets and an exporter to more than 70 countries, is continuing its preparations for an initial public offering.
• Company management is aiming for an initial public offering on a scale not seen since 2017, with high interest expected from international investors. More than 50 percent of the offering is planned to be allocated to institutional investors abroad.
 
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Our International Orders Increased by 50%

Our International Orders Increased by 50%
Erdemoğlu Holding is preparing to take Merinos public. Stating that they are ready to take this step as of the June 2026 financial results, Chairman of Merinos, Mehmet Erdemoğlu said, "The amount of orders we receive from abroad has increased by 50%. We are currently hiring new workers. We are increasing our capacity. We are bringing our idle capacities into operation. Being reliable, being able to produce in high quantities at low cost, and being able to deliver the product on time are becoming increasingly important."
 
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It will Roll Out the Red Carpet for Investors

It will Roll Out the Red Carpet for Investors
Turkey is the global leader in the machine-made carpet sector, with a 65 percent market share. In terms of production capacity, Turkey even ranks ahead of China. Gaziantep is the province where machine-made carpets are primarily produced. At the company level, Merinos Halı, a subsidiary of Erdemoğlu Holding, holds the top position in both the Turkish and global machine-made carpet markets, with a market share of approximately 7 percent. The company, which exports to more than 100 countries, is a supplier to the world’s largest retail chains, such as Walmart and IKEA. Ninety percent of the carpets produced at the integrated facility in Gaziantep are exported, while 10 percent are sold in the domestic market. Ninety-two percent of revenue comes from exports.
 
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It Will Extract Ore from Carpets!

It Will Extract Ore from Carpets!
Merinos, a major player in the global carpet market, is set to take the industry to a new level with its investments in petrochemicals and plastics. The company, which is also preparing for a listing on Borsa Istanbul, will sell more than half of its shares to foreign investors in the initial public offering.
 
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Merinos, Turkey’s carpet giant expanding into global markets, is counting down to its initial public offering

Merinos, Turkey’s carpet giant expanding into global markets, is counting down to its initial public offering
I was at the Merinos factory in Gaziantep. I toured the production lines with İbrahim Erdemoğlu and Mehmet Erdemoğlu, Chairman of the Board of Directors of Merinos, and discussed the group’s plans for the new period. The most important topic on the agenda was the initial public offering. Their goal is to allocate more than 50 percent of the offering to foreign institutional investors. As the door opens to a new major test for international investors in Turkey’s capital markets following Mavi and Enerjisa, I heard firsthand about the industrial journey that spans from Merinos to SASA, a journey that took the company from 250,000 dollars in revenue to 3 billion dollars.
 
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Will This Carpet Factory Fly Foreign Investors?

Will This Carpet Factory Fly Foreign Investors?
This week I visited the world's largest carpet factory, Merinos's facility in Gaziantep. The figures are impressive: an annual production capacity of 80 million square meters. Sales to over 100 countries through retail chains from IKEA to Walmart, with 92% of turnover being exports... Merinos alone produces approximately 7% of the world's machine-made carpets.

 
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Shaping the Future of the Carpet Industry with Artificial Intelligence

Shaping the Future of the Carpet Industry with Artificial Intelligence
At Merinos, we are proud to launch a strategic collaboration that will accelerate innovation and transformation in the carpet industry. As part of our partnership with the Center for Tangible Artificial Intelligence and Digitalization (ZEKI) at the Technical University of Berlin (TU Berlin), we are developing next-generation solutions that integrate artificial intelligence into carpet design and manufacturing processes.
 
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700 million lira investment in education and culture from Erdemoğlu Holding

700 million lira investment in education and culture from Erdemoğlu Holding
Erdemoğlu Holding will open three schools and a cultural center in Gaziantep and Adıyaman as part of its social investments in terms of education and culture.
 
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Two More Colossal Works from Erdemoğlu: 134-Bed Modern Teacher's House in Besni and 16-Classroom Science High School in Gölbaşı

Two More Colossal Works from Erdemoğlu: 134-Bed Modern Teacher's House in Besni and 16-Classroom Science High School in Gölbaşı
Erdemoğlu Holding is bringing a 134-bed modern teacher's house to Besni and a 16-classroom science high school to Gölbaşı. Our fellow countryman Ali Erdemoğlu, a philanthropic businessman known for his contributions in the education and social fields, signed the protocol for the teacher's house and science high school to be built in Besni and Gölbaşı.
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MONUMENTAL SUPPORT FOR EDUCATION

MONUMENTAL SUPPORT FOR EDUCATION
  
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Erdemoğlu Family to build police and gendarmerie lodgements

Erdemoğlu Family to build police and gendarmerie lodgements
   
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The Departments of Nursing and Midwifery were opened in the Faculty of Architecture!

The Departments of Nursing and Midwifery were opened in the Faculty of Architecture!
  
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Merinos Sets Assertive Targets In Green Transformation

Merinos Sets Assertive Targets In Green Transformation
Merinos Carpet, one of the deep-seated carpet companies in Gaziantep, aims for 100 percent recycling in carpets with the principle of green transformation in production.
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A Protocol Is Signed Between Adıyaman University And Merinos

A Protocol Is Signed Between Adıyaman University And Merinos
  
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SPP Investment Decision From SASA

SPP Investment Decision From SASA
SASA has announced that it had decided to invest 25 million dollars in a Land Solar Power Plant (SPP) in Gaziantep.
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Great Mobilization from the Rich in Heart

Great Mobilization from the Rich in Heart
Erdemoğlu Holding ranked 10th in the “50 Turkish Businessmen Rich in Heart” news study prepared every year by Capital Magazine.
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SASA Attends The Davos Of The Gulf

SASA Attends The Davos Of The Gulf
The Qatar Economic Forum known as the Davos of the Gulf has started. The forum, which will also continue today, was marked by the talks of Sasa from Turkey.
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