BMC aims for $1 billion revenue

ISTANBUL - Anadolu Agency

BMC, one of Turkey’s major commercial and defense vehicle producers, aims to achieve $1 billion revenue by the end of 2018, its chair Ethem Sancak said on March 19.

BMC is also targeting $5 billion revenue for its next three years, Sancak told reporters during a labor contract meeting, adding that the company will release much-heralded vehicles such as trucks named “Fatih” and “Yavuz” within this year.

“We will make important steps in the defense industry field. New defense products will be provided,” he said.

BMC makes several products, including armored cars and Mine-Resistant Ambush Protected (Kirpi) vehicles, for the Turkish military.

It signed an agreement to export armored cars to Qatar last week.

New facility in northwestern province

Sancak said BMC will build a large facility in the northwestern province of Sakarya.

“We will manufacture all our products indigenously, completely within 36 months,” he added.

The company’s revenue was $450 million in 2017 and its total number of employees currently stands at 2,213, BMC Chief Executive Officer Bulent Denkdemir said.

“Our 2018 target is to reach $1 billion revenue and 3,000 employees,” Denkdemir added.