limak holding 2009 annual report

Contents

2 Limak Group of CompaniesAnnual Report

2010 is going to be a busy year...

Russia, Libya, the Balkans...

For the Best...

We are marching towards a World Record...

‹stanbul Sabiha Gökçen International Airport

Obruk Dam and Hydroelectric Power Plant

‹stanbul Drinking Water Treatment Facilities

Ankara-Pozant Highway, Eminlik Çiftehan Section

Bozüyük-Mekece Highway (2nd part ) Rehabilitation Project

Düzce-Akçakoca-Karadeniz Ere€li Highway

Ulus-Keçiören Subway Line

Piraziz-Espiye-Çarflbafl (Giresun passage included) Highway

We have Completed the Project...

Espiye-Çarflbafl (Giresun passage included) Highway

‹yidere-Çayeli Highway

Ankara-Sivas High-Speed Train Project,Yozgat-Yerköy-Sivas Section

‹kizdere Dam

Karacasu Dam

Towards the Global Targets...

Ras Az Zaur - Riyad Water Supply Line System,Saudi Arabia

Koyali-Ratlam Crude Oil Pipeline,India

Hub-Uthal ICB-1 (N-25) Highway,Pakistan

Muslim Bagh-Qila Saifullah ICA-3A (N-50) Highway, Pakistan

Qila Saifullah-Zhob ICB-3B (N-50) Highway, Balochistan, Pakistan

Stress, Precision, Excitement...

The oldest member of Limak, it’s Me...

Completed Projects (1976-2009)

Construction Group16

Presentation, “Our Target for the year 2010: 2.5 Billion Dollars”

Our Group Companies, Affiliates, Subsidiaries

Limak Milestones

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Limak HoldingNihat Özdemir, Chairman of the Board of Directors

Sezai Bacaksz, Vice Chairman of the Board of Directors

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Cement Group

99100102103104106108

Limak Cement ranks 21st among the fastest growing Companies in TurkeyFirst place is for the Human Affection...AwardsMaking for the Ports...Limak Kurtalan CementLimak Ergani CementLimak Gaziantep Cement

98

Energy Group

79808183848688909293949495959697

Reaching diversity in Energy...We will grow up in Energy...The Second Biggest Dam ever built by the Private Sector in Turkey...Energy is strategically important...Alkumru Dam and Hydroelectric Power PlantUzunçayr Dam and Hydroelectric Power PlantSeyrantepe Dam and Hydroelectric Power PlantTatar Dam and Hydroelectric Power PlantPembelik Dam and Hydroelectric Power PlantPamuk Hydroelectric Power PlantKarg Hydroelectric Power PlantEriç Dam and Hydroelectric Power PlantKirazlk Regulator and Hydroelectric Power PlantBayram Hydroelectric Power PlantDereköy-Demirkap Hydroelectric Power PlantÇal Hydroelectric Power Plant

78

Tourism Group

55565758596061626364656667686970717273747677

Promoting Our Culture...Limak International Hotels& ResortsWe build and run our own Hotels...AwardsWe have not made any Concession from Quality...The Chefs Certified by Limak Academy...We have been awarded more than 100 prizes...Our guests prefer us again and again...Limra Hotel&ResortWe set higher Standards...Arcadia Golf&Sports ResortWe render the Square Number of Quality...Atlantis Hotel&ResortWe have increased the number of our guests...Limak Lara De Luxe Hotel&ResortMake them feel Special...Limak Ambassadore Boutique HotelIntersection of Attraction Zones...Limak Kavack Business HotelLimak Yalova Thermal Hotel‹SG Airport HotelLimak Babylon Hotel & Resort

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Social Responsibility Projects

145146

Education, Culture, Arts and Environment...Some of Our Social Responsibility Projects

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156158

Some of Our CertificationsSome Establishments we are member of

Remarkable Developments in 2010

129129

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Uluda€ Energy Distribution Region Tender is won.Pakistan, Qila Safiullah-Zhob ICB-3B Highway Project has beencommenced.Saudi Arabia, Ras Az Zaur-Riyad Water Supply Pipeline System Projecthas been signed.Limak has won the contract for building and operating Kosova PristineInternational Airport together with its Airport de Lyon.

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138139140141

Competitive Advantage...Proper Usage of Technology...We are Institutionalizing...We rank 46th in Tax Payers List...

123124125

We are going to expand our Market Share...We are in 13 Countries of the World...Limkon Fruit Juice Concentrate Facilities

Food and Beverage Group122

Investment Group

117119120

New Airports and Ports...First the banks believed in the Project...‹stanbul Sabiha Gökçen International Airport

116

Finance Group

131132133134136137

Quality is embedded in our Structure...Quality is in the Foreground...The Spine is Strong...Independent Auditor’s ReportCombined Financial StatementCombined Income Table

130

110112114

Limak fianlurfa CementLimak Bitlis CementLimak Mardin Cement

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Aviation Group

127 Limak Aviation

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Human Resources, Information Technologies and Advisory Group ofBoard of Directors

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Limak Machinery and SupplyOn the Mine Laid Roads...

142143

“Establishing a good reputation comes first and reputation neither comes with

money, nor is it lost with it.

Limak crew must live up to their words. They are obliged to keep their promises,

to everyone.

They never compromise quality in their relations or in their work. The only thing

they do not renounce their claim for either in their productions or in the systems

they build is quality. There is not a single issue that they would be unsuccessful

unless they give up the notion of quality and discipline.

If you want to be triumphant, you must stick to two determinants: first one is

discipline and the second one is quality.”

First comes a good reputation…

Nihat ÖzdemirChairman of Board of DirectorsLimak Group of Companies

6

“I am dreaming of a Limak for the future; improved its institutionalization,

continuously growing and prosperous.

I believe we have a good position in Turkey; we are amongst the best companies.

Besides, I believe we have to take active part in the world market. I hope we

will manage that, as well; we will do more jobs abroad. Eventually, the risks

of the countries abroad sometimes proliferate, and we are totally aware of

that, too. We receive many offers for build-operate-transfer model projects.

Consequently, we will keep on growing abroad without putting our gains at

risk. “

We are going to be a globalplayer…

Sezai Bacaks›zVice Chairman of Board of DirectorsLimak Group of Companies

8

FEATURE

The world has been in a deep crisis since 2008. Naturally,

Turkey was expected to be effected. In contrast with

the views that Turkey would be heavily damaged by

this incident, Turkey made her way out of it more

successfully compared to other countries. There were

two significant results of the crisis. The first one was 4,5

percent shrinking in the economy and the second one

was the unemployment rates reaching up to 14 percent

which previously was around 11. As Limak group, let

alone cutting back on the work force, we recruited

more personnel. We are very much pleased. We didn’t

add up to the unemployment problem of Turkey,

whereas we worked for Turkey the other way round.

How did we manage this? We have to take a close look

at the sectors we are active in.

First of all, in the construction sector, we won the tender

of the Ankara-Sivas high-speed rail line construction.

We also got the construction of the power plants of

some private sector companies. As a result, beside our

already continuing projects, we began recruiting new

staff.

As for the cement sector, Turkey is a very important

player in housing sector in which cement is widely used.

Despite for the 14 percent narrowing in housing sector,

we went through a very lively year as our factories and

the state infrastructure investments are mostly located

in East and North-East Anatolia. We were not very much

affected by the shrinkage in that sector. What’s more,

Limak cement factories are exporting significant amounts

to Syria and Iraq. Our factories produced nearly 700

thousand tones more cement and sold it. Our cement

production facility construction in Derik which started

in April 2009 was completed and began production in

December. In this factory the greater part of our

production is exported to Iraq. Both our production

figures and number of our employees went up.

Talking about the tourism sector, we have four 5000-

bed tourism facilities. Our occupancy rate was around

90 percent at the end of the year 2009. We didn’t lay

off any employees.

We continued with the same number of personnel in

our food sector firm, Limkon. We raised both of our

domestic and overseas sales. Our subcontractors and

our fruit suppliers receive their shares from our sales.

Our fruit juice concentration facility improved its capacity

both in production and processing. This factory was

only crawling in 2008 but it stood on and proceeded

in 2009.

A significant amount of Limak investments are in hydro-

electric power plants. We had two on-going investments

in this sector. One of them is Uzunçayr hydro-electric

power facility located on Munzur stream in Tunceli. We

went ahead fast on that project that we could start

producing energy in December 2009. Besides, in

Alkumru dam located on Botan stream in Siirt, we had

2000 people working. We invested an amount of 467

million dollars for that project.

Along with these, we have a 40 percent stake in Sabiha

Gökçen Airport. We finished the new terminal in 2009

with an investment of 500 million Euros. We had 2200

personnel recruited there. All in all, the year 2009 forced

us to work hard.

THE NUMBER OF OUR EMPLOYEES INCREASED

Our Target for the Year 2010:2,5 Billion Dollars

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We surpassed all of our main targets set at the beginning

of 2009. In aviation, food, tourism and cement groups

we went beyond the goals before the end of 2009.

We sold all of our cement production in 2009. However

we short of clinkers. Consequently, we decided to

enlarge the clinker capacity of our factories in Urfa by

120 percent for the next October or November.

As for the tourism sector, we are going to add up to

our already existing facilities. After launching Sabiha

Gökçen Airport, we opened our 120-bed airport hotel.

Parallel with the enlargement in the airport this facility

is also bound to grow. For the time being, we have a

hotel being constructed in İstanbul Kavack. It will be

a 400-bed 5-star hotel. We estimate to open it in August.

Furthermore, this year we will be starting to operate a

thermal hotel in Yalova in August. This 50–roomed

100–bed facility will be a real boutique health center.

The facility in Yalova will cost around 20 million Dollars,

and the one in Kavack will be around 50 million Dollars.

Besides these we have a hotel investment in Northern

Cyprus, which will be a resemblance of the Hanging

Gardens of Babylon. It will be 1000-bedded. The total

cost of the Cyprus facility will take up to 100 million

Dollars and we have already invested 20 million Dollars

in that project.

Along with the tourism, we are continuously investing

in energy. We need to diversify our sources in energy.

We need to produce coal, wind and solar based energy.

We are still doing researches on that topic. Making new

investments on these new sectors is one of our mainly

goals for 2010. If we can find the feasible areas and

the appropriate material, we plan to make 300-350

million Dollar investment in energy.

At the beginning of 2010 we won the tender for Uludağ

Electricity Distribution line. This power plant consumes

12 billion kWh per year. Therefore our production from

hydro-electric plants will not be sufficient to supply this

facility. By diversifying the energy sources, we have to

make new investments in coal, wind and solar systems.

We even think of going into geo-thermal energy. We

are hopeful about completing our investment in these

sectors and produce an equivalent amount of energy

to the facility in Uludağ.

We will grow our capacity in existing sectors. Therefore

at the moment we are not directing our investments

into a totally new sector. Nevertheless, we are in search

of new opportunities both for domestic and international

lines in aviation sector. We are planning to get into bids

for the Cairo, Pristine and Medina airports. Our

consolidated budget in 2009 was around 1.2 billion

Dollars.

OUR TARGET FOR THE YEAR 2010:

2,5 BILLION DOLLARS.

Nihat ÖzdemirChairman of Board of Directors

Sezai BacakszVice Chairman of Board of Directors

WE GREW DESPITE THE CRISIS IN 2009

OUR TARGETS FOR THE YEAR 2010

11Limak Group of Companies Annual Report 2009

T o u r i s m G r o u p

Limyra TourismLimyra, Tourism, Construction,Industry and Trade, Inc.

Sunter TourismSunter Tourism, Inc.

Limtur TourismLimtur Travel, Hotel Management,Tourism Industry and Trade Inc.

E n e r g y G r o u p

LNSLNS Electricity Generation, Trade and Industry, Inc.

Baren EnergyBaren Energy Generation Industry andTrade Ltd. Inc.

Limak HydroelectricLimak Hydroelectric Power Plant Investments Inc.

Pamuk HeppPamuk Hepp Electricity Generation, Inc.

LimgazLimgaz Electricity Generation Industry, Trade, Inc.

Karg EnergyKargı Electricity GenerationIndustry and Trade, Inc

DarenhesDarenhes Electricity Generation Inc.

Limak EnergyLimak Power Generation, Distribution,Industry and Trade, Inc.

BessBess Electricity Generation,Industry and Trade, Inc.

C o n s t r u c t i o n G r o u p

Limak ConstructionLimak Construction Industry and Trade Inc.

Limsan ConstructionLimsan Construction Industry and Trade Inc.

Yapsan ConstructionYapısan Tourism, Construction, Industry,Marketing and Trade, Inc.

Group CompaniesAffiliatesSubsidiaries

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Limak Holding

Yaz TourismYaz Tourism, Industry and Trade, Inc.

Arykanda TourismArykanda Tourism, Construction and Trade, Inc.

fiimflekler Tourizmfiimflekler Investments, Inc.

Limmer TourismLimmer Tourism, Trade and Industry, Inc.

Limak Energy Holding, Inc.

Seyrantepe HeppSeyrantepe Hepp Electricity Generation, Inc.

Erinç EnergyErinç Power Generation, Trade and Industry, Inc.

Lider EnergyLider Electricity Wholesale, Inc.

Limak International Inc.

C e m e n t G r o u p

Limak CementLimak Cement, Trade and Industry, Inc.

Limçim CementLimçim Cement Trade and Industry, Inc.

Kurtalan CementTransportationKurtalan Cement Transportation, Inc.

Limak-‹fltaflLimak-‹fltafl Construction, Trade and Industry, Inc.

A v i a i t o n G r o u p

I n v e s t m e n t s G r o u p

‹stanbul Sabiha Gökçen International Airport Investment, Construction and Operation, Inc.ISG

F o o d a n d B e v e r a g e G r o u p

LimkonLimkon Food and Beverage Industry and Trade, Inc.

Affiliates

ATY Tourism Services, Inc.Belek Tourism, IncBetuyap, Inc.Çavundur Project Development, Construction andManagement, Inc.Lara Investment Tourism Construction Industry, Inc.Limak International, Ltd.Limyra International, Ltd.Sunter International Investment, Ltd.Bayındır Limak Ordinary PartnershipEkinciler-Limak-‹çtafl Ordinary PartnershipLimak-Gürsan Ordinary PartnershipLimak-Kolin Ordinary PartnershipLimak-Limsan Ordinary PartnershipLimak-Metifl-Kolin PartnershipLimak-OTV-Emit-Marubeni Ordinary PartnershipLimak-Soma Ordinary PartnershipTürkerler-Limak Ordinary PartnershipLimak-Türkerler Ordinary PartnershipLimsan-Kazer Ordinary PartnershipPunj Lloyd-Limak Ordinary PartnershipLimak-Gammon Ordinary PartnershipLimak-ZKB Ordinary PartnershipLimak-GMR Joint VentureLimak-Bayındır Ordinary PartnershipMersin-Tarsus Tourism Enterprises O.G, Inc.Tepe Kule Harbour and Dock Management, Inc.Alsancak Maritime Towing and HarbourManagement, Inc.Rize Construction Investment Trade and Industry, Inc.CMBE-Cengiz-Limak-Mapa-Kolin Partnership

Subsidiaries


Limak Investment Management and Construction, Inc.Limak Enterprise

‹stanbul Sabiha Gökçen International Airport Management, Trade and Tourism, Inc.LGM

Limak AviationLimak Aviation Communication Training and Trade, Inc.

LGMLGM Security Services, Inc.

Limak Holding founded.

Limak ConstructionEstablished.

Entering Tourism Sector:Limak Arcadia Hotelcame into service.

Limsan ConstructionEstablished.

Entering Energy Sector:Limak Energy founded.

Limak Limra HolidayVillage came into service.

Limak undertook itsfirst overseas project.

Entering cement sector:Siirt Kurtalan Cementwas acquired.

Çal HEPP launchedelectricity generation.

Atlantis Hotel putinto service withinLimak.

Privatization:Limak-Nurol-Özaltın-Tütsabconsortium bought thealcoholic beverages divisionof Tekel.

Mey BeveragesIndustry, Inc. founded.

Our Affiliate Pamuk HEPPstarted generating powerwith a Free GenerationLicense.

Seyrantepe HEPPinvestment launched.

Limak Ambassadore Hotelwas put into service.

2003

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LimakMilestones

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Limak Lara Hotel wasput into service.

All the shares inMey Beverages, Inc.were sold to TPG.

Ergani Cement Factorywas acquired.

Gaziantep CementFactory was acquired.

Limkon Foodfounded.

Entering aviation sector:Limak Aviation founded.

fianlıurfa CementFactory was acquired.

Limak OGG won theISG Airport tender.

‹SG InternationalAirport Investment,

Construction andManagement, Inc. founded.

‹stanbul Kavacık City HotelConstruction launched.

Bitlis Cement Facilityopened.

Yalova Thermal BoutiqueHotel Construction launched.

Seyrantepe HEPPcommenced production.

Mardin Cement FactoryConstruction launched.

Limkon Concentrated FruitJuice facility was put into service.

Mardin cementfactory launchedproduction.

Limak won thePristine Airporttender.

Limak won theUluda¤ Electricitydistribution tender.


Alkumru HEPP andDam constructionlaunched.

ISG International Airport newinternational terminalbecame operational.

LimakConstruction Group

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“Our main targets for 2009 were to complete ‹SG airport and make it operational as well

as sustaining the minimum damage from the crisis. Eventually, many of our projects kept

going with their fundings obtained. We had signed the contract for the Alkumru Dam in

2008; in 2009 we proceeded with that project. Therefore 2009 was a year to accelerate

our existing projects. In fact 2010, started as a very fast year. Uluda€ Electricity Distribution

tender was very significant for us to diversify and relocate our energy investments. In

addition, we have made a progress in infrastructure investments which have a crucial role

in our operations to take part in national and regional growth. One these steps was the

bid for Pristine Airport. We managed to be eligible for most of the airport tenders in the

region. Therefore we suppose the year 2010 will be a bit busy for us. We applied for the

preliminary qualifications in Egypt, Syria and Saudi Arabia airport tenders. Meanwhile we

are on track of the Croatian wind power issue.”

2010 is going to be a busy year…

Ebru ÖzdemirLimak Group of

CompaniesMember of

Executive Board

17

18 Limak Construction Group

“2009 was a fruitful year in construction. We were considerably productive with our

projects. We signed a contract with Saudi Arabia the cost of which is 470 million

dollars. Besides, we won a tender in Pakistan and signed the contract. Its total cost

is around 100 million dollars. Briefly, I can say that 2009 was not bad for us. We are

planning to get at least two more projects abroad in 2010.

In the short term, we are specifically looking for construction projects in Libya in

2010. In mid and long-term we are looking for opportunities in the Balkans and

Russia. We won the Pristine airport tender in Kosovo. That will be an investment

project. The funding and management will be conducted by Limak Investment; on

the other hand the construction will be carried out by Limak Construction.”

Russia, Libya, The Balkans…

Serdar BacaksızLimak Group of CompaniesMember of Executive Board

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“We have signed hundreds of projects with my colleagues in Limak. It’s a team work.

Limak’s vision and mission is distinctive. Our crew operates in a consensus. There

is no impossible goal for us as long as we detect it as a target. Then, we perfectly

analyze the programming, planning and outlining of the job. Limak has a significant

dynamism. In such a dynamic structure, we employ an exclusive team who are all

success and quality-oriented. That’s why we have such a bright company equipped

with a correct team and correct means. I hope all the crew here are as proud as I

am to be a part of this company.”

For the best...

Feyiz GençLimak Construction GroupGeneral Director of Superstructure

Feyiz GençLimak Construction GroupGeneral Director of Superstructure

20

“We suppose that there is no impossible target for us to accomplish. We have had

experience in a wide range of areas. We have been through various problems;

various troubles but we made it at the end. On top of all, we have a wonderful

team. We totally confide in them. We have at least 25 engineers working for the

company more than 25 years.

We are assertive about speed. We are constructing Alkumru Dam. It is our precious

as it is our first dam project. I think we will see a world record there. It seems

to me that such a big energy projects in only three years is never-seen-before

example.”

We are marching towards aworld record…

Mustafa BafltürkLimak Construction Group

General Director of Infrastructure

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‹stanbul Sabiha GökçenInternational AirportThe project is being constructed by Limak-GMR Joint Venture and the construction works

started on May 1, 2008. Although the official construction period is 30 months, the JV is

aiming to complete the construction in 18 months which will be a record for this size of a

project and technical and system requirements. The joint venture has completed the facilities

with at least the same quality as the best examples in the world with a well-organized, fast

and strong team. The facility was commissioned and started to serve on 31 October 2009

with the purpose and motto of "New Gate of Turkey to the World".

Tekeli-Sisa Architecture Partnership, who has accomplished many prestigious projects and

had many awards, is acting as the Project Author. Being awarded the "Sinan Award" of

Chamber of Architects in 1994, Tekeli-Sisa is one of the most reputable architecture companies

of Turkey.

The New International Terminal having 210.000 m2 closed area with high level international

standards and an annual capacity of 25 million passengers, has a 5.300 m2 of Europe’s

biggest duty free area, a 3000m2 CIP area, a food and beverage area of 7500m2, 96 check-

in desks, 30 self check-in, 6 luggage conveyors with an hourly capacity of 7500 luggages.

The project was converted into a steel construction from ferroconcrete for the purpose of

making rapid progress without making concessions from quality and security and reducing

earthquake loads. A steel assembly of approximately 50.000 tones had been made. The

building is transfixed on ferroconcrete of 60 km in total which was made for reinforcing the

current ground.

Feyiz Genç

“Sabiha Gökçen is a world record. Instead of 36 months, we were through the

project in 18 months. We put our signature in a project which has a good

reputation and it is awarded with prizes. On behalf of my company and myself

I can certainly say that it is a project we are proud of.”


On this building with the largest earthquake ground isolation of the world, 292

pieces of seismic isolations (with a system and technology accepted as highest rank

of earthquake durability and which have not been implemented on such size of a

similar building in Turkey before), have been placed on the basement floor columns

which will keep up the load bearing system of the building by absorbing a considerable

part of the seismic load to be formed during an earthquake.

Bahattin Özdemir

“Sabiha Gökçen was a gigantic project. Limak has taken part in many important

projects in Turkey. However ‹SG Airport had a very special place in our hearts

and minds. We felt similar feelings in other projects but Sabiha Gökçen had

something of its own from the beginning to the end. Finally we managed to get

through it proudly. We kept our promise to our prime minister, as well. That

project is one of our biggest glories.”


A terminal port with 8 passenger bridges with 16 aircraft approaching capacity simultaneously

with multi-bridge MARS system, which is a first in Turkey, has been facilitated. By means of

the additional 112.000 m2 apron, it is a first in Turkey with the dual taxiway.

A 140.000 m2 of 4 storey car park (3 closed, 1 open) will have a capacity of approximately

5000 vehicles.

In addition to this, the Project will have all the characteristics of an international terminal with

its 128 room Airport Hotel, 2 storey VIP facilities, a fuel hydrant system, security building for

cargo terminal, underpass, roads and viaducts.


A temporary terminal has been constructed alongside the current domestic lines terminal for

the purpose of meeting the increasing passenger demand and providing sufficient comfort.

Thus passenger load in the domestic lines has been separated as departing and arriving and

operation of domestic lines has become more functional. New arrangements in the existing

terminals and sitting area additions in CIP-VIP buildings have been made in order to be used

for the purpose of giving a more comfortable service until the new facilities are commissioned.

For the designing and construction of all facilities, the most eligible teams and consultants

have worked together; best brands and technologies have been used for this project which

will be remarked as the landmark investment of Turkey, Under secretariat of Defense Industries

(SSM), HEAS and our partnership.


Obruk Dam and HEPP which is located on the Kzlrmak River, 16 kilometers north of

Dodurga, Çorum; is an energy and irrigation project. The 8670 meter-long state highway

is also a component of the project which provides connection to Uğurludağ district

(located in the lake area). The clay core semi-permeable inlay body of the dam has a

height of 67 meters from the river bad and 125 meters from the foundation. The dam

volume is 12 hm3 and maximum lake area is 50.21 km2. The project consists of the

construction of 33 km service road and a 20 km urban road instead of the part submerged

under the dam lake. Instead of the bridge which remained under the dam lake level due

to the elevation difference, a new 1250 meter-long Kzlrmak Bridge was built on the

route connecting İskilip district to Çorum. The installed capacity of the HEPP is 202,8 and

annual energy production is 515 million kWh. The facility will be the 18th among the

biggest dams supplying 5/1000 of the energy demand.

The construction of the dam was completed and water holding process was initiated

in 19 October 2007. Energy production was commenced in 4 units in 2009.

Obruk Dam andHydroelectric Power Plant


Mustafa Bafltürk

“The depth of the excavation was 63 meters. We also did foundation excavation.

We were really worried about water extraction. However we worked with an

exact planning and project management. We found expert advisors. That’s

how we do business. We always do research. Once Mr. Özdemir threatened

us, “If you can’t get through the job, be ready for the gallows”. But we made

it, and before the date we promised, we were through both with excavation

and inlay. “


Cumhuriyet Drinking Water Treatment Facilities, a part of the biggest state investmentsof our country, Melen System-The Great İstanbul Drinking Water Project, Stage II, willtreat and purify the untreated water at Büyük Melen Stream and will close the gap inthe water supply to İstanbul, Çerkezköy and Gebze. The Project will also make greatcontributions to national economy.

The Melen project is one of the leading projects in Turkey. It incorporates the constructionactivities for delivering the existing raw water at Büyük Melen Stream, approximately 170km to the east of Bosphorus, to Cumhuriyet Drinking Water Treatment Facilities that isbeing established on an area of 400.000 m2 approximately 30 km to the northeast ofİstanbul. From here the water will be transferred to the European side of the city afternecessary treatment activities and distributed to the end user destinations.

İstanbul Cumhuriyet Drinking Water Treatment Facilities is a four-stage project andconstitutes one of most sizeable projects in the world with a total daily capacity of3,120,000 m3 per day. The first stage of the Project with a capacity of 720000m3 perday was undertaken by a joint venture group, which is comprised of Limak as the leadpartner with Emit (Ercole Marelli Impianti Tecnologici S.V.A, OTV ( Omnium De TraitementsEt De Valorisation) and Marubeni Corporation.

‹stanbul Cumhuriyet DrinkingWater Treatment Facilities


Cumhuriyet Drinking Water Treatment Facilities turn-key project signed on 17 October 2000

with DSI is being financed by Japan Bank for International Cooperation (JICA).

The Project involves design of the plant, process design activities, process units, structural

detailed projects, preparation of production drawings, construction works, material and

equipment supplies as well as the installation and operation activities.

The project has been targeted to be completed in 2010.


The project which is being undertaken by the Limak-Kolin Joint Venture comprises of a 15

km length standard highway, grading and excavation works, small and large-scaled super

structure, tunnel infra-structure, safety and traffic, landscaping, sundry and secondary works.

The projects aims transportation of the cotton, cereals, fruit and citrus produced in Çukurova

and GAP, the most substantial agricultural production zones of the country, in the fastest and

safest way to domestic and international markets.

The project consists of 15 viaducts at a length of 2x2869 meters, an overhead pass at a length

of 67 meters, 6 tunnels at a length of 2x3807 meters and 19 multi-sliced box culverts.

The construction initiated on May 10, 2000 and 15 km section of the highway was put into

service after the completion at wearing level.

Ankara-Pozant HighwayEminlik-Çiftehan Section


Bozüyük-Mekece HighwayRehabilitation Project, Section II

The construction work of the 44,4 km long project at BY standards commenced on March

5, 2003. The 37,4 km-long section of the road was completed and became operational at

wearing level and the rest of the 7 km-long section is in service at binder level.

In this section two 2x2450+2x800 meter long 4 tube tunnels, seven 1123 meter-long bridges,

two 2x61,20 meter-long flyover intersections and one hundred sixty one 1,1295 meter-long

box culverts were completed.

In 2009 the construction work of the road was on process. The project-completion date is

estimated as January 31, 2010.


The Düzce – Akçakoca – Karadeniz Ereğli Highway project involves the construction of a 72km long, 2x2 divided highway and includes bridges, leveling, engineering, and infra andsuperstructure works.

Within the scope of the Emergency Action Plan, the project began in August 1995 and isplanned to be completed in 2009.

Along the route of this project, there are many touristic attractions, which is of particulareconomic significance for our country. Furthermore, Ereğli Iron and Steel factory, one of themain stones in the foundation of the Turkish economy, with a number of factories andshipyards are located on this route.

Besides the connection of Zonguldak, a significant harbour and mining center in WesternBlack Sea region, to the western hinterland will be provided with this project.

The completion of highway will ensure the connection between Konuralp district, one of theshining stars of national culture, and Akçakoca, an attraction zone for Turkish tourism sector.

Düzce-Akçakoca-KaradenizEre€li Highway


The subway line, which will provide services between Tandoğan and Keçiören, will operateon a double-track route of 10.6 km. The route will start at the Tandoğan Station and end atthe Keçiören Gazino Station. Transfers will be made from the Tandoğan and AKM Stationsof this line to the existing Ankaray and Metro lines that are being currently operated. Physicalmeasures will be taken in order for the connection of the system to be ensured with theexisting and future subways to be constructed.

Türkerler – Limak Joint Venture is the contractor of the Construction works of this line andthe employer is the Metropolitan Municipality of Ankara. The route, which will have elevenpassenger stations, will be comprised of dig-and-cover and drilled tunnel sections. Eight ofthe stations will be constructed with the dig-and-cover and three of them as buried with thetunnel method.

The cut–and–cover construction of the Gazino, Dutluk and Mecidiye stations is completed.Besides, the supporting works of the Dşkap Station is completed. The drilled tunnel excavationrevetment works between the Mecidiye and Gazino Stations including Kuyubaş, Dutluk andGazino platform sections are completed. and 70% of the concrete coating constructions werefinished in 2005.

In 2010 TBM tunnel constructions will continue and excavation works of the rest of thestations within the scope of the project will be commenced.

Ulus-KeçiörenSubway Line


The project, which was undertaken by the Limak-Gürsan Joint Venture, covers the

construction of the 16 km-long Piraziz - Espiye - Çarşbaş (including the Giresun passage)

with 3x2 lanes for the city roads and 2x2 lanes for the inter-state. Within the scope of

the project there are 9 bridges and 3 flyover intersections, 2,668,940 m3 earth work,

8,000,000 tones of ground support work, 240 000 tones of hot bituminous mixture and

75,000 m3 substructure concrete work.

By the end of 2009 the excavation and filling works, bituminous hot mixture, substructure

and ground support works of the project had been completed.

Piraziz-Espiye-Çarflbafl Highway(including the Giresun passage)


“For the time being our project is completely finalized. We had 3 flyover intersections

on the road, which were in the scope of the project but they were unfinished. We are

working on them. According to our timetable, they will have been completed by the

end of June, latest mid-July.

Mr. Murtaza had so many things to deal with in this project. To exemplify, we estimated

the possible break downs of a machine in a period of a month, and kept the maintenance

parts here with us so that we could replace the parts here instead of calling Ankara

for assistance.”

We have completed the project…

35

Alper Eryi¤itLimak-Kolin

Project Manager

The Espiye – Çarşbaş (including the Giresun Passage) Highway, which is being constructed

by the Limak-Kolin Joint Venture, is 61 km long in total and projected to be 3x2 lanes within

and 2x2 lanes outside the city. 19 bridges, 11 flyover intersections, 8 tunnels with a total

length of 6,800 m, 11,033,000 m3 of soil works, 35,146,000 tons of fortification works,

1,017,900 tons of Hot Bituminous Coating and 373,000 m3 of substructure work concrete

is included within the scope of the project.

By the end of 2009; some 11,054,741 m3 of soil works, 1,064,048 tons of bituminous hot

coating, 152,420 m3 of substructure work concrete, concrete productions and fortification

works of tunnels have been completed.

Espiye-Çarflbafl Highway(Including Giresun Passage)


The construction of the İyidere - Çayeli section of the Black Sea Coastal Highway starts with

the İkizdere bridged junction at the İyidere Bridge exit and ends at the Çayeli entrance

boundary. With the completion of project, uninterrupted traffic at the Rize City Passage was

provided with 4 bridged junctions, two collector roads in the north and south and approximately

33 km-long double-lane road.

With important structures such as double-tube formed 1,600 m Sarayköy tunnel and the steel

bridge in Alipaşa, harmful effects on the natural environment were minimized and the

fishermen's shelters. By the end of 2009, all of the productions had been finalized.

The Black Sea Coastal Highway is of particular importance in terms of connecting our country

and Europe to the Caucasian Countries and the Turkish States in Central Asia, as well as

increasing commercial and economic relations with these countries. Within the scope of this

project, which was designed as an entirely divided highway, partial access control was

provided through collector streets and junctions.

‹yidere-Çayeli Highway


The contract of Yozgat-Yerköy-Sivas High-Speed Train project which is undertaken by China

Major Road Bridge-Cengiz-Mapa-Limak-Kolin joint venture was signed on March 5, 2008 with

a tender of 839,713,450,02 TL.

After the completion of this project, 602 km-long Ankara-Sivas route will be contracted to

461 km with a 141 km subtraction. The estimated travel time between the two cities will go

down to 2 hours and 51 minutes from 12 hours.

The course of the line follows Yerköy-Yozgat-Sorgun-Saraykent-Yldzeli respectively and ends

in Sivas. The projected railway is double-lined with a platform width of 15 meters. Within the

scope of the project 10,092 meters of tunnel, 2,830 meters of viaducts, 2,631 meters of river

pass bridge and 1,140 meters of over pass-bridge is going to be constructed.

The duration is 1,080 days and the project will be finalized in March 4, 2011.

Ankara-Sivas High Speed Train ProjectYozgat-Yerköy-Sivas Section


In the broader sense, the project is a part of the connection between Europe and China, when

the Ankara-Yozgat inter-course is taken into account. This connection will become more of an

issue after the completion of the sub-sea tunnel in the Bosporus and Kars-Tbilisi-Baku railway

as there will be an uninterrupted transportation without changing the mode of travel.


The dam was constructed on the İkizdere Stream in the province of Aydn.

The clay cored body of the dam is 113 m3 high from the foundation and it is sand-gravel,

rock filling type. Its fill volume is 7,100,000 m in total.

The body of the dam, spillway, derivation tunnel and water intake structure has been

completed. İncirliova-Tire highway relocation and second-layer asphalt work are to be finalized.

‹kizdere Dam


The dam was constructed on the Dandalaz Stream in the province of Aydn. The body of the

dam is clay cored; the front zone concrete covered with sand-gravel filling, with a height of

60 m from the foundation and has a fill volume of 2,000,000 m3 in total.

Derivation tunnel, upstream coffer dam, body stripping excavation, spillway first stage

excavation of the dam is completed and body filling works are in progress.

Karacasu Dam


“I don’t presume that we are adversely affected by the current situation. 2010

will be a better year for us. I would definitely like to say that I am proud of working

for Limak. We managed to be one of the most distinctive and popular firms of

Turkey. We have the 30 years’ experience. We are one of the leading corporations

in the country. Now we are trying to become global. I hope to be among the best

global players.

I have travel around the world for business. There are many international

corporations in our sector. Why can’t we be one of them? When I observe these

firms, I realize I can clearly see that we have no short comings. We do what we

know the best. “

Towards the global targets…

Haldun ‹yidilLimak ConstructionGroupMember ofExecutive Board

42

Being one of the World’s most important sea water projects, Ras Az Zawr-Riyad pipe-line

project will transport distillated water to the residential districts like Riyad, Sudeyr, Al Macmua,

Şakraa, Al Gaat, Sedik and Al Zülfi.

The project which was put to tender in 5 phases by the Ministry of Electricity Directorate of

Sea Water Distillation, has an overall cost of 2.4 billion Dollars. The Ras Az Zawr Pipeline B1

project will be undertaken by Limak-MNG joint-venture.

The total cost of the project is 437 million USD and the contract was signed on May 10, 2010.

With the completion of the facilities, a 2x72 inch pipeline will be furnished on a 268 km-long

course starting from Ras Az Zawr PS1 pump station and ending at PS3 pump station on Al

Daha desert. Additionally, a 125 km-long, 7 meter-wide highway will be constructed.

The project is to be completed in 3 years. With the project becoming operational,

900,000 m3 water will be pumped to Riyad per day.

Ras Az Zawr-RiyadWater Supply Line SystemSaudi Arabia


The Koyali - Ratlam Crude Oil Pipeline Project undertaken by GAMMON-LİMAK Joint Venture

is a 260 km long project designed for the transfer of oil products from the Koyali Refinery,

located in the Province of Gujarat, to the Ratlam terminal in the Province of Madhya Pradesh.

The project, which will be implemented using pipes 16 inches in diameter, will ensure the

efficient and reliable transfer of oil products from the Koyali Refinery to Central India.

Within the scope of this project, the contract of which was signed on 22 February 2006, a

260 km long pipeline with a diameter of 16 inches and a parallel optical communication

cable system was laid, a temporary cathodic protection system was installed and construction,

mechanical, electrical and instrumentation works at six RCP stations and the Koyali and Ratlam

terminals were realized.

The project was finalized on February, 2008. When the facility becomes operational, a total

of 275,000 barrels of crude oil will be transferred from the Koyali Refinery to Ratlam per day.

Koyali-RatlamCrude Oil PipelineIndia


The N-25 Hub-Uthal Highway extension and rehabilitation project which is undertaken by

Limak-ZKB joint venture, is located on the main arterial road which is planned to be constructed

from North-East Pakistan to Quetta with a length of 84,5 km. The project which was funded

by Asian Development Bank (%79), was commenced on January 27, 2007 and completed

on January 25, 2010. Originally the project was designed to consist of a 2x3,65 m (transportation

road) and 3,00+3,00 banquette at a total width of 13,30 meters, later on the project was

revised to include an additional 2x3,65 m (transportation road) +2x2,00 m (banquettes) at

a total width of 11,30 meters, and completed.

Within the scope of the project, 2,127,688 m3 earth moving was realized. 366,767 m3 all-

in sub base, 238,157 m3 agrega basis, 50,585 m3 bituminous treated base, and 33,216 m3

abrasion level construction was finalized. 30,000 m3 crushed stone was used for the surface

dressing of the banquettes. A total amount of 41,102 m3 concrete was used for the project.

Besides, in 13 bridges, 6,020 meter-long piles and 1,534 m3 prestressing girder was produced.

Having no alternative routes connecting Southern Pakistan to the North and Afghanistan,

the highway is of great importance.

The project is physically completed and is at the substantial completion phase.

Hub-UthalICB-1 (N-25) HighwayPakistan


With a total length of 531 kilometers, N-50 is a remarkable highway connecting Quetta, the

capital of Baluchistan to Punjab district and Islamabad. The Muslim Bagh-Qila Saifullah (ICB-

3A) section of the road is 50 kilometer-long and the construction is undertaken by Limak-ZKB

joint venture.

The project which is funded by Asian Development Bank (%79), was commenced on April

7, 2007 and finalized on September 23, 2009. The width of the road which is planned to

be constructed single-lane (single-transportation) is totally 13,3 meters with 2x3,65 m

(transportation road) + 2x3,00m (banquettes).

An overall amount of 1,099,911 m3 earth-moving was realized during the project.

315,591 m3 all-in sub base, 133,093 m3 agrega basis, 29,249 m3 bituminous treated base,

19,880 m3 abrasion level construction was realized. 252,400 m2 surface dressing was

produced for the banquettes. 224 culverts were constructed and 33,800 m3 concrete was

used for substructure in the scope of the project. The substantial completion of the project

was declared on September 23, 2009.

Muslim Bagh-Qila SaifullahICA-3A (N-50) HighwayPakistan


Qila Saifullah-Zhob (ICB- 3B) highway which is the follow-up project of Muslim Bagh-Qila

Saifullah undertaken by Limak-ZKB joint venture is a 150 km-long project to be finalized by

the same joint venture partnership.

The site delivery of the project, which will be funded by Asian Development Bank, was made

on March 9, 2010. The mobilization operations of the project are proceeding and the

finalization is estimated on March 8, 2012. The highway is designed as single-lane (single-

transportation) with a width of 2x3,65m (transportation road) +2x3,00m (banquettes); 13,3

meters in total. An overall amount of 2,775,240 m3 earth-moving is estimated to be realized.

1,049,745 m3 all-in sub base, 470,231 m3 agrega basis, 102,800 m3 bituminous treated

base and 63,983 m3 abrasion level construction will be completed. 868,098 m2 surface

dressing is planned to be constructed. Within the scope of the project, 790 culverts and 19

bridges are going to be built. For the substructure construction, 73,655 m3 concrete will

have been produced by the finalization of the project.

Qila Saifullah-Zhob ICB-3B(N-50) Highway BalochistanPakistan


“As you know tender procurement is a process of stress, precision and excitement.

For each tender we experienced the same enthusiasm and whenever we won we had

the same happiness.

The tender process for Sabiha Gökçen Airport has a unique place and importance

owing to its rather long lasting and intensive preparation phase. And then the amount

of stress we had to handle at the opening of the tender… We entered the room at

10:00 a.m and we were only able to leave at 01:00 a.m in the middle of the night.

Naturally we were quite pleased knowing that we had been awarded the tender.

Needless to say, it was one of the biggest projects of Limak.”

Stress, precision, excitement…

Erdo¤an GözelLimak Construction GroupTender Preparation andFollow-up Manager

48

“I was born in 1924; I graduated from ‹stanbul Technical University, Faculty of Civil

Engineering. Following my graduation, I completed my obligatory service in State

Railways. In 1954 I started to work for Dams Department in State Hydraulic Works.

In 1989 I became a member of Limak family.

I am the oldest member of Limak. Mr. Nihat and Mr. Sezai address me as “big brother”.

I am at Limak seven days a week, nowadays I stay only until noon. I do help if anyone

consults me.

Limak members are “clean” in their work, what I mean by “clean” here is that they

do their work neatly and on time… I would proudly stand behind any work by Limak.”

The oldest member of Limak,it’s me…

49

Fürüzan ArdıçLimak Construction Group

Advisor to Management Board

• Kırıkkale-Kırflehir-Yozgat-Yerköy-Polatlı Natural Gas Distribution Pipeline• Modernization of U.S. Military Bases, Adana-Mersin-Mardin-‹skenderun• AP-18 Vijayawada-Visakhapatham Highway Rehabilitation, India

2003

• Limak Ambassadore Hotel, Ankara• Limak Lara De Luxe Hotel, Antalya

2006

• Baku-Tbilisi-Ceyhan Pipeline Lot C• Gaziantep-Mersin Natural Gas Pipeline• Kabil-Salang-Doshi Highway Rehabilitation, Afghanistan• Shibergan Sar-e-Pul Highway Rehabilitation, Afghanistan

2005

• Kilis Factory, Alcohol Distillation Modernization• Erdemir-Zonguldak Inter-Portal Train Ferry

2004

• Gaziantep-fianlıurfa Highway Birecik-Suruç Section• Ba¤cılar-Güneflli TEM Connection Road Intersection• Baklan Plain 4. Section Main Irrigation Canal and Network• Yaylak Plain Irrigation• Porbandar-Bhiladi Road• Paradip-Haldia Oil Pipe Line

2007

Feyiz Genç

“When the very hard conditions and standards are considered, Baku-Tbilisi-

Ceyhan is an excellent project. In Limak we have concluded maybe hundreds

of similar projects together. This is team work.”

• ‹stanbul Sabiha Gökçen International Airport

2009

Murtaza Burgaz

“Especially in Afghanistan our full support was needed. In general, projectsabroad are carried out by consortiums. However, in Afghanistan since logisticalfacilities and spare parts were very limited almost everything was sent therefrom Turkey. So we had to deal with the organization, define the needs in timeand send them over in time. There were times when we had to send dozers byplane.”

Completed Projects(1976-2009)


• Derince Port Container Docks, ‹zmit• Gazi University, Faculty of Engineering and Architecture Building Renovation, Ankara

1999

• Baklan Plains Irrigation Construction, 3rd Section, Denizli• Ümraniye-Altunizade Highway Construction, ‹stanbul• Reconstruction of Presidential Armed Guards Facilities, Ankara• Completion of Reconstruction of Presidential Armed Guards Facilities, Ankara• Cengiz Topel Airport Construction, ‹zmit• Yenice-Gönen Hydroelectric Power Plant, Balıkesir• ‹ncirlik Airport Fuel Storage Facilities Construction, Adana

1998

• Ümraniye fiile Highway, 1st Section, ‹stanbul

1995

• Yenice-Gönen Dam Construction, Balıkesir• Çavdır Dam Construction, Burdur• Diyarbakır Beverage Factory Wastewater Treatment Facilities• Uflak Airport Infrastructure Construction• Burhaniye Marina Construction, Balıkesir• Bayramiç Brandy Must Preparation Facilities Construction, Çanakkale

1997

• Alaflehir Alcohol Factory, Manisa• Karaman Alcohol Factory, Konya-Karaman• Main Artery Highway, Square Arrangement, Rainwater and Incomplete Infrastructure Completion, ‹stanbul• Çamaltı Salt Pan Works, 15th Section, Completion, ‹zmir

1996

2001

• Kayseri-Ankara Natural Gas Distribution Pipeline, Kayseri-Kırflehir-Ankara• Bolu Mountain Passage Highway, Bolu• Diyarbakır Beverage Factory Alcohol Distillation Modernization, Diyarbakır• Kurfallı/‹saköy Pump Station, ‹stanbul• 2nd Continuous Tempering Line Buildings, Ere¤li• Erdemir Steel Service Center Administrative Building, Ere¤li

• Reconstruction of Presidential Armed Guards Facilities, 2nd Section, Ankara• Public Housing Project, Construction of 560 Houses and Infrastructure, Samsun-Kurupelit (B1) Region• Adana Organized Industrial Zone Domestic and Industrial Wastewater Facilities, Adana

2000

Haldun ‹yidil

“All our projects are unforgettable but personally for me the one that I cannever forget about is the tender for Kayseri-Ankara Natural Gas DistributionPipeline. I was responsible for the overall organization there. On one handI had to interpret into Turkish for my colleagues and on the other hand Ihad to interpret into English for the foreigners. It is difficult to communicatewith the Ukrainians. To avoid information leakage I spent my days and nightswith them.”


• Adana Organized Industrial Zone Drinking and Usage Water Supply Facilities, Adana• Keban Dam Spillway Rehabilitation, Elazı¤• Gazi University, Faculty of Engineering and Architecture Building, Laboratory and Facultyof Science and Literature Training Building Completions, Ankara• Central Bank, Computer and Training Facilities, Infrastructure, Ankara• Tekel Denizli General Directorate Administrative Building and Warehouse• Selçuk Airport Concrete Coating, Efes-‹zmir

1992

• ‹zmir Port Expansion Mall, Area Coverage and Completion of Incomplete Parts• Manisa-Muradiye Tobacco Warehouse Construction• Balıkesir Airport F-16 Installation Construction

1994

• Kavacık-Anadolu Hisarı Coastline Highway, ‹stanbul• Municipal Building Completion, Ankara• Mersin Mail Processing Center Construction

1993

• Business Center of 4 Blocks, 220 Apartment Quarters, Business Center of 2 Blocks,Ostimbank, Ostim Shopping Center, Ankara• Adana Organized Industrial Zone Infrastructure Administrative Building, Adana• Seyhan 5 Bridge construction, Adana• 188 Houses and Infrastructure Construction, Aydın• Dalaman Air Supply Department Improvement Station, Pipeline, Mu¤la

1991

• Altında¤ Municipality Palace and Shopping Mall, Ankara• Sincan-Yenikent Railways II. Second Section, Ankara• Gazi University Faculty of Science and Literature Educational Blocks, Ankara

1990

• ‹zmir Atatürk Organized Industrial Zone Infrastructure Construction• Ministry of Defence, NATO Information HQ East-West 1986-87 Various Pipeline Repair,Various provinces• Gazi University Faculty of Engineering and Architecture Training Building Completion,Ankara• Adana Head Directorate Administrative Building and Warehouse, Adana• Gaziemir 3rd Group 130 Houses, ‹zmir

1989

• Geyik Dam and Facilities Construction, Mu¤la• Malatya-Hekimhan Pipeline Bypass, Malatya

Mustafa Bafltürk

”Our first dam project was Geyik Dam. It was extremely exciting. We concluded

it under very harsh conditions. The construction itself was difficult due to both

geological and topographical structure. In terms of its location, transportation

was very difficult. We were able to cover 20 km. in 1,5 hours. You see, it was

that kind of a place that we had to work in. In that respect, it was a turning

point for us. I mean for Limak, for us that project is a milestone.”

1988


• TCCD Adana Railway Station 2x32 Units Lodging, Adana• Directorate of Public Works, Documentation Center and Social Facilities, Ankara• U.S. Army Corps of Eng. Household Goods Warehouse Building, Ankara• TCDD Adana Railway Station – Supplementary Building Installation, Adana

1985

• U.S. Army Corps of Engineering Primary-Secondary-High School Building and Sports Facilities Construction, Adana• ‹zmir Karflıyaka 70 Houses Construction, ‹zmir• Gazi University, Faculty of Engineering and Architecture Building, Laboratory Blocks Completion, Ankara

1987

• Karflıyaka-Bostanlı Filling, Infrastructure and Dockyard, ‹zmir• Gazi University Faculty of Engineering and Architecture J-K-L-M-N Blocks, Ankara• TCCD Adana Railway Station 1x32 Units Lodging, Adana• TCCD Adana Railway Station – Supplementary Service Building, Adana• TCCD Adana Railway Station Area Installation Works, Adana

1986

1979

• General Directorate of Milk Industry Kırflehir-Çankırı Garage and Warehouse, Kırflehir-Çankırı• Sincan Meat Center Installation, Ankara• General Directorate of Meat and Fish Products A¤rı-Van Meat Factory Installation Construction, A¤rı-Van

• General Directorate of Milk Facilities Milk Factory Mechanical Installation and Water Discharge Line, Various• Sincan 8 Classroom School, Ankara• Aksaray Koçhisar Border Highway Construction• General Directorate of Meat and Fish Works Kastamonu Meat Complex Installation, Kastamonu

1981

• Grape Molasses Plant Installation, Ürgüp

1976

• Kırflehir-Çorum Milk Factory Installation

1977

• ‹zmit Lubrication Oil Plant

1978

• Kaldırım Salt Pan Embankment Construction Number 1, fiereflikoçhisar• Ankara Governorship Department of Agricultural Works 4th Block 32 Units Lodging Facilities, Ankara• Ankara Governorship Yenimahalle 20 Units Lodging Facilities

1982

• Air Force Training Command, Washing – Lubrication Facilities, ‹zmit• Fethiye Fire Extinguishing Facilities, Mu¤la

• Çamaltı Salt Pan Supply and Renovation 12th Section, ‹zmir• 80 Units Police Lodging Facilities, Diyarbakır• Ministry of Defence, NATO Information HQ. Weapon Maintenance Work Shop, Ankara

1984

• U.S. Army Corps of Eng. Wastewater Treatment Facilities, Adana• Ministry of Defence, NATO Information HQ East-West 1980-81 Various Pipeline Repair

1983


LimakTourism Group

54

“Promoting Our Culture Book Project: Limak International Hotels and Resorts which have

the mission of promoting our thousands of years old culture and its basic elements has

been publishing the English and German translation of books by Yunus Emre, Mevlana,

Dede Korkut, Hacivat-Karagöz and Nasrettin Hoca and these books are offered to the guests

as a present.”

“Promoting our Culture”


Transferring its know-how in construction into tourism

by building its own hotels and holiday villages, Limak

created the brand Limak International Hotels and

Resorts in 2000 to manage tourism facilities; eventually

this brand has become one of the biggest chain

hotels in Turkey.

In Limak International Hotels and Resorts, along with

the visitors who prefer sea, sand, and sun, there are

also alternatives for the visitors who have a different

taste in sports like golf and for those who deal with

congress organization and what is more the company

aims to meet the highest expectations. In that respect,

Limak has notified its success in its services with the

awards it has received.

Atlantis Hotel and Holiday Village won the 2004 Best

Congress and Catering Hotel of Asia Prize thanks to

its good services provided for the football teams

accommodated in the facility. Arcadia Hotel and

Holiday Village was awarded with the Marque of

Excellence Prize by one of the most reputable tour

operators, Thomas Cook. In facilities holding ISO

90001 and HACCP Certificates with the support of

the crew who serve with the motto “warm hospitality

and flawless service”, Limak International Hotels and

Resorts hold the highest preference ranking in

countries like Germany, Belgium, the Netherlands,

Russia, England, Israel and Switzerland.

In Antalya 2.1 % of the 2.300.000 tourists from

Germany and 3% of 320.000 tourists from England,

6.5 % of 210.000 tourists from Belgium, and 4 %

425.000 tourists from the Netherlands prefer our

facilities Limra, Atlantis, Arcadia, and Limak Lara.

Limak International Hotels and Resorts welcome 1.2

Million visitors with its 1.750 personnel. Limak

International Hotels and Resorts’ facilities create an

atmosphere for the domestic visitors to make them

feel home either for congress or holiday purposes.

Limak International Hotels and Resorts feel rightly

proud of its flawless service to the football teams

coming from all over the world and visitors coming

to the facilities for national and international

congresses. Limak International Hotels and Resorts

are hosting amateur and professional football teams

in Arcadia and Atlantis Hotels with their 11 football

fields, seven of which are at UEFA standards. These

two hotels accommodated 180 football teams in

2009.

Limak Tourism Group opening ISG Airport Hotel in

İstanbul Sabiha Gökçen International Airport is offering

a quality service to visitors who pass through İstanbul

either by land or via airways. Limak Tourism Group

is continuously growing with its new investments in

the sector. Within this scope, 40-bed and VIP- roomed

Yalova Thermal Boutique Hotel and 205-room business

hotel in İstanbul will be opened in 2010. Limak

Tourism Group is also aiming at opening the 500-

bed Babylon Deluxe Hotel and Resort in the Bafra

district of Northern Cyprus and Dynasty Convention

Centre Project with the capacity for 4500 people in

2011. Adding up to its investments in 2010, Limak

Tourism Group has launched the preliminary work

for two hotels (one five-star hotel and one four-star

hotel) and a golf centre and the group is planning

to realize the project in 2014.

Limak InternationalHotels & Resorts

56 Limak Tourism Group

“We have a remarkable difference from other groups. Tourism groups have to be

analyzed carefully. Some of them just deal with management. Some are interested

in construction while some others are into franchising, which means they grow by

the royalties. However, we build our own hotels; we do our job with our own team

so we have our own responsibility. Following that we launch the facility and run the

hotel ourselves. Therefore we have all the burden on our shoulders. That’s what

makes us different from the others”

We build and run our own hotels...

57

Kaan Kavalo¤luLimak Tourism Group

Member ofExecutive Board

Kaan Kavalo¤luLimak Tourism Group


Awards

Host of 17th AnkaraInternational Film Festival

2006

Host of EuropeanFilms TouringFestival 2006

Host of 18th AnkaraInternational Film Festival

2007

Limra Hotel & Resort

Limak Lara De Luxe Hotel & Resort

Limak Ambassadore Boutique Hotel

Arcadia Golf & Sport Resort

Thomas Cook,Brand and Excellence

Award2004

GermanyFive Most Preferred

Hotel,2005

Agency Gueststhe Most

Preferred HotelAward, 2004

NovumContribution to

Tourism GratitudeAward, 2004

Tophotels.ruRussia the 57th

Hotel in theWorld 2010

Kerim A¤ahanArchitectural

Award1999

Fabex GermanChefs

AssociationHonour Award

2004

TurkeyCulinaryContest

14 Medals2004


24 Medals2005


29 Medals2006

Germany CologneTurkish Cuisine

DisplayGolden Badge

2007

Golden Bullthe Best Congress Hotelin Europe and Asia Award

2004


Award2009

Hotelpuan.comSpecial Prize

2009

Atlantis Hotel & Resort


Award2009

HolidaycheckAward The Best 99 Hotels

in the World2010

TUS‹D‹stanbul Menu

ContestThird Prize

2007

TurkishCulinaryContest

21 Medals2007

Tophotels.ruRussia the

Top 100 Hotels inthe World

2007

Turkey Culinary ContestIce Sculpture

Creativity Award,1st Prize

2009

Gastro Awards, TheHotel with the

highest number ofAwards Prize,

2009

Zoover.comBelgium Select

Award2009

Thomas Cook,The Best Hotel

Award2010


Tourism World,the 6th Best

Hotel of TurkeyAward

2010-07-16


Award2008

Miss CoastBelgiumSponsor

“2008 was a very productive year. We took our precautions in 2009. We did not have

a big challenge regarding the number of guests. I believe we will take advantage of

the productive period of 2009 in 2010. I think being determined not to compromise

our quality, sharing everything with our staff and involving them in decision making

processes, as well as our efforts to increase customer satisfaction will bear its fruit

in 2010. In this respect I can say that today there are many websites that publish

critics about hotels and there are many nice comments about hour hotel. For instance,

there is a holiday page in Germany. 81% of holiday makers check this web site before

they plan their holiday. You can read all the comments on a specific hotel on this web

site and make your reservation accordingly. I think this is a very important factor,

they seem to offer an amateur approach and in the end they get rather professional

outcome.”

We never compromise quality…

59

Hakan Saatçio¤luLimak Tourism Group


“We founded Limak Academy this year. We turned the ground hall in our Limra Park

Hotel into a small school with 4 classrooms. In the frame of a protocol we signed, we

are training 100 chefs in the scope of an Employment Agency (‹SKUR) project supported

by the European Union.

We started two months ago. For two months they received a theoretical, classroom type

of training. They have 8 hours per day and 5 days a week. All our students are insured

through ‹fiKUR. Also they get a daily allowance of 15 TL. We already provide them with

catering and accommodation.

These trainees were selected from the people who applied to ‹fiKUR in Antalya. There

are some partially experienced ones among them. And 80% of the participants do not

know anything. Just think, these people are between the age of 21 – 25 they worked

as sales assistants or cashiers in supermarkets and they say “I like cooking. I want to

be a chef.”

At present they are receiving the practical training in our kitchen. After the first two

months of classroom training now they will have hands-on training for three months.

At the end of these three months they will get their Chef Certificate. Among the successful

trainees 50% will start working in Limak hotels. They will be employed actively as

insured employees. The remaining will be recommended to other hotels.

I used to have 41 staff and now I have 25 students, so at the moment we also act as

a teacher.”

Certified Chefs fromLimak Academy...


“There must always be a target before you. Those without an aim, a concrete target shall fall behind in life. Some friends ask “What is a target man? You have realizedyourself already. You are in a group like Limak. You are the chef of Limra as wellas the Deputy President of Chefs Association. You are the author of a book. Whatother target are you looking for?” And I say there is always a target. You shouldmaintain that enthusiasm.

On the other hand, to say a few words about food, I should mention that our kitchenhas been awarded several times in the last ten years. We have received more than100 awards in various competitions.

The most recent ones are namely the 21 medals we won in ten different branchesin a contest among these there is a total of 7 ranks, 3 of which are the first prize.”

We have been awarded morethan 100 prizes...

61

Ali R›za DölkeleflLimra Hotel Executive Chef

Deputy President of Chefs Association

“The realization of figures in 2009 is below our estimations as a result of the crisis.

But thanks to our dynamic, proactive and effective vision we had a happier ending

in 2009 compared to other hotels. Besides, as we use human resources our corporate

identity in the most efficient way to ensure customer satisfaction our visitors preferred

us again and again. Despite the rising trend in Russian market, 2010 will not be a

piece of cake for us. Still as a reputable brand in the Turkish market, I predict that

we can reach the figures of the previous year.”

Our guests prefer usagain and again…

‹zzet Ademo¤luLimak LimraGeneral Manager

62

Hotel & ResortKemer-Antalya

Limra Hotel & Resort, located by the sea at the foothill of the historic Mount Olympusin Kemer-Kiris region -one of the favorable tourism destinations in Antalya- becameoperational in August 1998 and has already been given an architectural reward.Being located on a 140.000 m2 land it is the second largest hotel in the region. LimraHotel is 75 km away from the airport and 60 km from Antalya.

Surrounded by orange trees in green scenery, Limra Hotel offers a unique holidayexperience to its guests with its spacious gardens, play grounds specially designedfor families with children, A La Carte restaurants offering 7 different cuisines, a 300mbeach, and a total of 4.500 m2 swimming pools.

The kitchen team of Limak Limra Hotel & Resort has proven its success at aninternational level by many international gastronomy prizes awarded to them.

Limra Hotel & Resort, with a high rate of occupancy both in summer and winterseasons, has hosted a total of 434.790 people, with 304.432 people during Summer2009 and 130.358 people during winter 2009, which is considered a record level inKirifl Region.


We set higher standards...“Last year was very hard but in Limak we moved forward and set higher standardsand we could still stand upright and so did our prices. We improved the quality ofour hotel by means of new investments. We renovated the buffets, brand new slideswere built, and the beach bar was constructed. We refurbished 50 rooms with LCDs,parquet and furniture. We keep on investing.

I believe 2010 will be a better year. I estimate a 5% rise in the number of guests andin profit. In the football market we are number one in Antalya. We have 11 footballfields belonging to the Hotel. 10 of them are outside the Hotel and 1 is within.Fenerbahçe football team mostly prefers our Hotel. Throughout the year, actuallywithin a four month period, we accommodate 190 football teams. In Antalya, we setthe prices and the other hotels set theirs accordingly. We are the trend setters.”

Erkan Saatçio¤luLimak ArcadiaGeneral Manager

64

Erkan Saatçio¤luLimak ArcadiaGeneral Manager

Golf & Sport ResortBelek-Antalya

Arcadia Hotel, the first tourism facility within the structure of Limak Holding, wasestablished in Belek district of Antalya, on a land of 97.000 m2. It is one of the rare resortswhere green scenery and natural flora has been preserved.

Hosting both holiday makers and athletes all year long Limak Arcadia has a high occupancyrate throughout the year. It has caught a high trend in terms of guest satisfaction accordingto the rates received from Europe’s outstanding internet portals Holidaycheck andTripadvisor. Arcadia Hotel is a recommended hotel by the guests totally satisfied with theservices.

The complex hosts professional as well as amateur football teams with its 13 FootballFields, 8 of which are in UEFA standards, 3 of which are 50 x 80 m in size and theremaining 2 of which are mini football fields at the size of 25 x 35 m. Fenerbahçe, StrumGraz (Austria) and Zenit (Russia) are few examples of the teams who camp at our hotel.Arcadia Hotel is adding a new dimension to the tourism with its successful organizationsin this context by hosting many teams from Europe to Far East. In that respect, LimakArcadia is the first hotel with the biggest sports complex in Turkey.

There are 5 A La Carte Restaurants, outdoor and indoor swimming pools, an aqua park,four tennis courts, a beach volleyball field, an amphitheater, and two meeting halls witha capacity of 400 and 20 people in the Hotel. It is 35 km away from Antalya Airport andonly 700 m away from the center of Belek.


Dinçer SarıkayaLimak AtlantisGeneral Manager

Dinçer SarıkayaLimak AtlantisGeneral Manager

“For Limak “price=quality” formula is not valid anymore, it is more than that for us.We serve our guests way beyond the quality for the price they pay. In fact, our guestsreally demand at least twice as much quality as they pay. This is in our Turkishtradition already.

In general, we have an important share in congress tourism. We also offer servicesfor football tourism. Mostly we accommodated first and second league Russian teamsand also some Korean teams. During the season number of German guests becomemore dominant whereas during the winter season internal market is in the foregrounddue to congress tourism. Apart from that, England, Germany and Russia are theother countries from where we receive a majority of our guests. Even the Boca deJunior team from Argentina stayed here. I think we are the first hotel to accommodatean Argentinean team in Turkey. We can say that we serve up to 25 – 30 % to thecongress and tourism sectors. And as for the usual sun-holiday tourism 40% of ourguests are Turkish and the rest are foreigners. “

We render the square number ofquality…

66

Inaugurated on May 3, 2002 in Belek, Antalya Limak Atlantis Hotel is open four seasons. It is composedof a main building and two resorts.

Limak Atlantis Hotel is 35 km away from Antalya Airport and 45 km from Antalya city centre. Thecomplex has a congress center with 14 main halls, an exhibition area of 1.500 m2 and an indoor areaof 4.100 m2. Apart from the congress center, there is also an auditorium with a capacity of 1.100people, and four different halls for 75 people each. In total there are 11 pools in the facility, whichinclude four slide aqua parks, an Olympic pool, a 175 m2 heated indoor swimming pool, and a relaxpool. The facility contains a total pool area of 4.500 m2. In addition, the facility contains 6 a la carterestaurants, 8 bars, a wellness & spa center, a bowling center and other recreation areas.

Limak Atlantis Hotel prioritizing high quality service and guest satisfaction is especially preferred bythe national and international congresses with active participation.

In 2009 Limak Atlantis Hotel & Resort has secured its place in national tourism by a total accommodationof 274,525 nights by its guests especially from Germany, Turkey, Commonwealth of IndependentStates, Belgium, the Netherlands, England and Finland.

Limak Atlantis Hotel holds; ISO 9001:2000, ISO 22000 (HACCP), ISO 14000 and ISO 18000 (OHSAS)quality certificates.

Hotel & ResortBelek-Antalya


We have increased number ofour quests...“2009 started with some concerns. Just like for the whole tourism sector. But our main advantagewas that Limak is active in more than one market. We have some alternative markets; Europeanmarket, Balkan countries, Russia, Turkey. In many alternative markets we work with variousagents and we took advantage of it. Limak hotels were well-known in these markets. We didnot make any discount in our prices and we waited for the bookings to be made. Especially thewinter-season guests prepare you for the summer season because back home they recommendyou as long as they are satisfied with the service. At the bottom line we increased the numberof our guests who revisit us. In 2010, again in European market and especially in the Netherlandsand in Germany we presume that we will be quite effective. Take the Dutch for example; theymake up the 50% of our visitors in summer. We also estimate that we will be active for theTurkish market. For Israel and Russian markets we hope to get figures between 5% - 8%, whichis not as good as the former years, yet still a good result.”

Ceyhan KeskünLimak LaraOperations Manager

68

Limak Lara De Luxe Hotel, which is located in Lara, Antalya, one of World's top tourism paradiseswithin a distance of just 10 minutes away from the airport and 15 minutes away from downtownwas inaugurated in June 2006. The 900-bed hotel's architecture is inspired from Far Eastarchitectural styles.

Limak Lara De Luxe Hotel & Resort offers its services within a complex which includes; Turkishcuisine (for 160 persons), Italian cuisine (for 160 persons), Mexican cuisine (for 100 persons),Indian cuisine and Sushi (for 50 persons) and fish restaurants, a first class open-buffet mainrestaurant for 750 people, an open dining area for 250 people, 6 bars, a gambling hall, a bowlinghall, billiards, internet café, sauna, vapor bath, massage units, skin care beauty units, TurkishBath, fitness centre, squash, hair dresser, mini golf field, 2 meeting rooms for 50 people, 2meeting rooms for 80 people, an assembly hall for 1000 people and multi-purpose hall, a nightclub for 100 persons and an open amphitheater for 800 people. The facility also has 6 outdoorand 8 indoor stores, one tennis court, indoor and outdoor kids' club, 7500 m2 outdoor and 500m2 indoor swimming pools, one 900 m2 Spa and Beauty center, and an indoor car park with acapacity of 60 cars.

In 2009 our hotel welcomed a total of 45.000 guests from 50 different countries in the worldfor a total of 340.000 nights. Namely, we had 16.000 guests from Germany, 8.500 guests fromthe Netherlands, 7.500 guests from Turkey, 3.300 guests from Belgium, 2.000 guests from Russia,and 1.600 guests from Israel.

Limak Lara De Luxe Hotel holds ISO 9001:2008 and ISO 22000:2005 quality certificates.

De Luxe Hotel & ResortLara-Antalya


“We welcome 35.000 guests a year. We make them feel special. We aim to indispensible

for our guests. As a hotel and as a company we give remarkable support to arts. We

are also engaged in social responsibility projects.

Having our headquarters in Ankara, both touristically and socially we are trying to

contribute to this city.

Annual occupancy rate of our hotel is 70%.”

Make them feel special...

Savafl Çolako¤luLimak AmbassadoreGeneral Manager

70

Limak Ambassadore Hotel, inaugurated in January 2006 in Gaziosmanpaşa Boğaz Street, oneof the most elite locations of Ankara is in a walking distance to museums, embassies, businessand shopping centers, cinemas, theaters and entertainment centers.

Our Hotel offers its services in luxury rooms where comfort mingles with aesthetics. In the hotelyou can find Cafe Fiori with its outstanding modern architecture and elegant design, a terracerestaurant for private events and meetings, a lobby bar, summer and winter gardens and akitchen with the capacity to serve 1.500 people. It also provides high-quality catering servicesat the locations preferred by its clients.

Limak Ambassadore Hotel offers an exceptional environment in which all details are considered,with a multi-purpose hall of 600 people capacity that is suitable for business meetings, privateparties and all other activities, a ball room with a capacity of 400 people and five other hallswhich can be divided as required when necessary.

The Hotel made 745 organizations in 2009; including meetings, seminars, congresses, conferences,celebrations, balls, cocktails, and wedding ceremonies and hotel served to 36.643 stars in theseorganizations.

With its private service mentality very well presented by the slogan “For the stars of our world”our hotel hosted a total of 55.572 national and international stars from business, media and artcommunity, 18.929 of which were accommodated.

Boutique HotelGOP-Ankara


“Let me put it this way… Kavack is such a location that the attraction zones in

‹stanbul like fiiflli, Mecidiyeköy, Levent, Etiler are in reach. Etiler is in 1km - 1.5km

distance from here. At the same time for the people using TEM highway or Fatih

Bridge from the European Side to the Anatolian Side, or the other way around,

Kavack is a very central zone. Not only those but also the residents of Beykoz,

Çubuklu, Anadolu Hisar will also have an easy access to Kavack. The meaning

of “centre” is different for ‹stanbul today. There are more than one centre in the

city now and Kavack is in the core of the intersection of these centers. And what

is surprising for me is that no one has ever thought of making a tourism investment

here. In that sense Limak is the first company to do such an investment.”

Intersection of attraction zones…

Aydın KoçerLimak ConstructionConstruction of Kavacık and Yalova HotelsProject Manager

72

Although Kavack Region is on the Asian side of İstanbul, it considerably well positioned with

its rather close distance to the European side, direct accessibility through the highway and

equal distance to the two airports in İstanbul. Kavack Hotel will become fully operational in

2010.

Limak Kavacık Hotel will offer services with total of 205 rooms, 181 of which are standard

rooms with a usage area of 25-35 m2 , 17 junior suites with a usage area of 38-46 m2, and

7 elite suites. Also a 148 m2 SPA center, a 110 m2 cardio center, 2 assembly halls of 61 and

67 m2, 2 assembly halls of 181 and 260 m2, 1 assembly hall of 687 m2 with a capacity of

464 people, an 80 m2 cafe, a bar, a 281 m2 restaurant, an a la carte restaurant of 143 m2,

a 55 m2 indoor swimming pool, and an open and close car-park will also be available in the

facility.

Business HotelKavac›k-‹stanbul

Limak Kavack

AÇI

LIfi TAR‹H‹ •2010

•G

RANDOPENING•2010•


Limak Yalova Thermal Hotel, located in the thermal district of Yalova and carries a historical

value, will be operational in 2010 after the first class relic restoration with the support of Gazi

University.

Limak Yalova Thermal Hotel will have 40 VIP rooms and it will reflect the period in which it

was built.

The facility will have 30 standard VIP rooms of 30 – 35 m2 with a jacuzzi and a shock shower

as well as the thermal water available, 4 large VIP rooms of 40 – 50 m2 with a jacuzzi and

a shock shower as well as thermal water, and 4 elite VIP rooms with a private jacuzzi and

which can be rented as 2 separate apartments, a 100 m2 thermal pool within a 85 m2 area

beneath the Gazino building, and a SPA center including a Turkish bath, a sauna and a steam

bath and showers.

In the facility, in the external area a glass pyramid consisting of the glass tube that connects

the two buildings, an indoor thermal pool, and a fitness center, 3 small meeting rooms in

the hotel block, 2 meeting rooms and a foyer of 65 m2 in the Gazino building, an a la carte

restaurant with a capacity of 108 people on an area of 120 m2 overlooking the forest, an

outdoor cafe and its kitchen within the landscape greenery of 5750 m2 and a car park is

available.

Thermal HotelYalova

Limak Yalova

AÇI

LIfi TAR‹H‹ •2010

•G

RANDOPENING•2010

•

Aydn Koçer

“I am sure this investment will greatly contribute to Yalova District which

has lost its value long ago following the palmy days of tourism in the

South and in the Aegean part of Turkey. I believe that Yalova will attract

many other investors and it will become an attraction centre of thermal

tourism.”


“There is a thermal area in Yalova. In terms of quality it is an area in which you can get the second best

thermal water in the world. This is a serious source of water which still has a life span of 130 – 140 years.

Apart from this hotel adjacent to this zone within an air distance of 100m. There are two buildings which

are connected to one another from an internal connection. These buildings were erected during the time

of Atatürk upon his request, the oldest buildings. One of them is called the Grand Hotel a facility with 52

rooms. The other one is a social facility called the Gazino Building. These two buildings were the facilities

in which Atatürk used as a gathering place to make important decisions about the future of the country;

therefore accommodated his fellow soldiers, held meetings and dined in the evening accompanied by music

to be relieved from his stress. And the main inspiration for this facility is the Karlovy Vary in Czechoslovakia

at that time. After spending some time there, Mustafa Kemal asked for this place to be constructed. Indeed,

this place is the water city. First establishment was in 1907. And in 1927 the state revised it as a hotel.

The buildings are totally made of hardwood. They are considered as first class historical artifact. This is a

protected architectural site. It will become the Karlovy vary of Turkey. That’s what we are trying to do.”

It will be Karlovyvary of Turkey...


ISG Airport Hotel‹stanbul Sabiha Gökçen International Airport - ‹stanbul

ISG Airport Hotel is specially designed for people who want to take a peaceful break during a

hectic business Schedule and it has separate entrances on the land side and the air side.

Our guests who would like to stay in the air side of ISG Airport Hotel are required to have obtained

their boarding passes from the airline company and have gone through the passport control.

On the land side of ISG Airport Hotel “room and breakfast” service and on the air (transit) side

only “room” service is available.

ISG Airport Hotels houses 5 meeting rooms of varying sizes that bring contemporary design and

modern technology together to meet the individual or corporate requirements in the business

world from company banquets to meetings.

ISG Airport Hotel Health Club can only be used by the guests staying at the land side of the Hotel.

There are 2 massage rooms, 2 saunas and a gym in the health club.


Limak Babylon Resort is located in Bafra İskele region of in a distance of 20 km from the citycenter, 72 km from the Ercan Airport and 45 km from Famagusta.

Cyprus, with the excellent climate of the Mediterranean, unmatched nature and hospitablepeople, is one of the heavenly locations of tourism. Besides its untouched natural beautiesand magnificent history of 9000 years, the sun shining throughout the four seasons of theyear, a glittering sea and long sandy beaches constitute the values of Cyprus tourism.

In its design, Babylon was inspired from the Hanging Gardens of Babylon, which is one ofthe seven wonders of the world. The hotel will have a 1100 bed capacity and include 4outdoor and 1 indoor swimming pools, an aqua park, a bowling hall, 1 indoor restaurantwith a capacity of 850 people, 1 outdoor restaurant with a capacity of 450 people and 3outdoor a la carte restaurants for 200 people, 9 bars, a tea house, and meeting rooms fornational and international congresses with a total capacity of 4400 people along with an ala carte kitchen providing catering to these meeting halls. It will include; a meeting hall for2000 people, a meeting hall for 800 people, 2 meeting halls for 400 people and 4 meetinghalls for 200 people.

Besides, a 2.350 m2 SPA center, a Turkish Bath, a sauna, two vapour baths, football, volleyballand basketball fields and two tennis courts are also included in the project.

Hotel & ResortBafra-Cyprus

Limak Babylon

‹NfiA

HAL ‹N DE•U

ND

ER

CONSTRUCTION

•


LimakEnergy Group

78

“Our goal for 2010 is increasing our capacity. We want to reach diversity in the field

of energy. For the time being, we are in hydro-electricity. In addition, we hope to get

into geo-thermal, may be wind power and coal energy production. I hope we can

manage at least one of these in 2010. We also would like to have a role in energy

distribution sector. We have already won a distribution tender, so we have accomplished

one of our objectives and hopefully we will get our license for Uluda€ Electricity

Distribution. Electricity distribution is a totally different area. It is not like energy

production and construction. It is a totally different system. As I said, we realized

that we have a potential. We would like to be in different branches and we believe

we can. As a new sector, maybe we will manage to make progress in industry.

We have started 2010 very fast, we have reached our targets, we would like to get

even faster.”

Reaching diversity in energy...

79

Batuhan ÖzdemirLimak Group of CompaniesMember of Executive Board

We will grow in energy sector...

Limak Group entered the energy sector in 1997 with Limak Energy. The group

focused on investing in the hydroelectric power plants depending on the valuable

experience gained during the construction of hydroelectric power plants. Limak’s

target in growth is not limited to hydroelectric power plants, the group is willing

to bring variety in its energy portfolio and for this purpose it pursues all opportunities

in energy sector.

The total amount of installed capacity of the power plants managed by Limak

Group is 161 MW and the total average energy production is around 600 million

kWh.

The Alkumru, Pembelik, Tatar, Dereköy, Kirazlk, Eriç and Bayram HEPPs the

construction of which are in process at different levels, will presumably be operative

by the end of 2015. And from that date on, the installed capacity of the power

plants in Limak portfolio will reach 1200 MW and the annual production is estimated

to be 4 billion kWh.

Limak group is intent on participating in energy distribution tenders along with

privatization projects. Winning the Uludağ Electricity Distribution tender on 18

February 2010 was a great contribution to our future goals of growing both in

energy sector and as Limak improved our portfolio with the addition of that specific

district.

Besides, Limak Group has set sight on adding up base power generation facilities

by construction a coal thermal power plant. Along with the peak power gained

by the existing HEPPs, obtaining a thermal base power in hand will be a great

advantage for the group. Limak is focusing its attention on this issue.

Limak has the desire to improve its power in the energy sector by being closely

interested in the DSI HEPP tenders and energy distribution tenders opened as a

part of privatization.

80 Limak Energy Group

“The biggest event for us in 2009 was the commissioning of Uzunçayr. Of course at

the same time we have another very big Project, Alkumru in Siirt. It has a capacity

of 270 MW. It is the second biggest dam built by the private sector in Turkey at the

moment. We expect a power generation of 1 billion kw/hour. It is the biggest power

of Limak in energy production. We started the construction at Alkumru in 2009 and

we are making a swift progress. It is an extremely valuable Project for us. Our aim

is to engage the plant in 2011. It has a deadline of 3 years and there is no other dam

of such magnitude that was completed in 3 years. Construction is carried out by

Limak Construction. It is a package with an investment value of approximately 450

million dollars.”

Second biggest dam ever built bythe private sector in Turkey…

Taner ErcömertLimak Energy

HEPP ProductionGroup

GeneralManager

81

“Today in Turkey energy is the strategically sector for all big groups or all other groups thatare interested in growing. It is a strategically aim. And I think it is not wrong. The positionof enterprises in energy sector may change the ranking of the groups in the coming 5 – 10years.

2010 is going to be an ambitious year for Limak especially in the field of energy. I think LimakEnergy will become more well known. Limak Groups has saturated the idea of growing. I seemsthat all employees are wishing for more investments and growth. It is not a group that ishesitant about making investments and growing further. I think the most important featureof Limak is its being open to new ideas. Limak is an innovative group.

Processes are very fast in Limak. Decision making processes are very short. Naturally it is avery dynamic group; therefore, in order to catch up with this tempo we also need to speedup. We have to run fast. Limak Group is already very fast, it runs, it works very hard. Moreover,we are involved in the energy sector which is rather dynamic itself. When these two cometogether it requires more intensive working hours and more diligent work.”

Energy is strategically important…

83

‹smail ErgüneflLimak Energy

Distribution GroupGeneral Coordinator

Alkumru Dam andHydroelectric PowerplantAlkumru Dam and Hydroelectric Power Plant is located on the Botan Creek whichis a branch of the Tigris within the boundaries of Siirt province in the South EastAnatolia.

It is a rock filled dam with a concrete facade and a fill volume of 13 million m3 andits body is 100 meters high from river bed and 134 meters from the foundation. Thedam has a 1,058m long crest.

License of Alkumru HEPP belongs to Limak Hydroelectric Power Plant InvestmentsCo. Inc. which is one of the holding companies until 2056.

While the total installed capacity is 265,77 MW, annual average production will be900 million kWh. The facility consists of three units.

Construction works of the project was commenced by Limak Construction in 2008and in the same year the electromechanical equipment supply contract was signed,the assembly of the equipment started in 2009 and still continues.

The plant is expected to start power generation in 2011.

Mustafa Bafltürk

“We are quite ambitious about our speed. Now we areconstructing Alkumru Dam. It is our apple of the eye, ourfirst and largest own Project. I think we will break the worldrecord here. I do not know for sure but I think there is noother dam of such magnitude which was built in three yearsand starts generating power so soon. Hopefully we willmanage this.”


Batuhan Özdemir

“In 2009, of course we are very excited about building

Alkumru, the fifth biggest dam of Turkey in terms of dam

volume. We engaged Seyrantepe, the first Project which

started with me, in the end of 2008. And within the scope

of Uzunçayr Dam we engaged our first unit in 2009.”


Uzunçayr Dam andHydroelectric Power PlantUzunçayr Dam and HEPP is on Munzur Creek within the boundaries of Tunceli

province in Eastern Anatolia. The total installed capacity of the plant is 84MW, with

an average annual power generation capacity of 322 million kwh. Facility consists

of three units.

Construction of the dam had substantially been completed by the previous contractor

and remaining construction was done by Limak Construction.

In the power plant, generation of power started in the first unit as of the end of

2009 and following the engagement of the second and third units in January and

April 2010 the power plant became fully operational.

License of Uzunçayr Dam and Hydroelectric Power Plant belongs to Limak Construction

Ind. and Trade Co. Inc. until 2056.

Between December 2009 and April 2010 approximately 100 million kWh energy

was generated in the plant.


Taner Ercömert

“It was when we started working for Limak that the

completion of Uzunçayr contract was vouchsafed for us.

We contracted it. On that very day we made a program

and said we will engage the first unit in the 27th month

and we managed to engage it before that.”


Seyrantepe Dam andHydroelectric Power PlantLimak has been operating Seyrantepe Dam and Hydroelectric Power Plant together

with Bilgin Group.

Seyrantepe Dam on Peri Water of the Euphrates on the border of Tunceli-Elazğ has

a height of 31 m from the river bed, with clay core center in a type of sand-gravel

filling housing.

While the total installed capacity is 51.4 MW, the annual average production is about

180 million kWh. The facility consists of two units.

The production license of the power plant became operational in 2008, belongs to

Darenhes Electric Production Co. Inc. which is a Limak-Bilgin partnership until 2052.

Approximately 285 million kWh of energy production has been achieved in the plant

from October 2008 to April 2010.


Tatar Dam andHydroelectric Power Plant

Limak carries out Tatar Dam and Hydroelectric Power Plant project with Bilgin Group.

Tatar Dam and HEPP project is located on Peri Water in Elazğ province and partiallyin Bingöl province in Eastern Anatolia Region.

The dam is sand and gravel fill type with clay core.

Total installed capacity of the power plant is 131,16 MW and the average annualproduction will be 400 million kWh. The facility consists of two units.

The construction of the dam has been carried out by Limak Construction since 2008and it is planned that the power plant is going to be operationalized in 2012.

The production license of Tatar HEPP belongs to Darenhes Electric Production Co.Inc., a partnership of Limak-Bilgin, until 2054.


Pembelik Dam andHydroelectric Power Plant

Limak carries out Pembelik Dam and Hydroelectric Power Plant project with Bilgin

Group.

Pembelik Dam and HEPP project is located on Peri Water in Elazğ province in Eastern

Anatolia Region.

The dam will be built in concrete fill dam type with a height of 77 m from the river

bed. The total installed power will be 130,26 MW and the annual average production

will be 410 million kWh. The facility consists of two units.

This project is in final project designing stage and it is planned that the construction

work will begin in 2010 and the power plant will be operational in 2013. The

production license of Pembelik HEPP belongs to Darenhes Electric Production Co.

Inc., a partnership of Limak- Bilgin, until 2054.


PamukHydroelectric Power Plant

The construction of Pamuk Hydroelectric Power Plant, which is built on Pamuk Creek

in Çamlyayla district in Mersin, was carried out by Limak Construction under Build-

Operate-Transfer model.

The total installed power is 23,31 MW and the annual production capacity is around

81 million kWh.

This power plant with two units produced 400 million kWh of electrical energy

between 2004, when it was operationalized, and 2010. The management of the

facility belongs to a consortium, 25,46% of whose shares Limak owns, until 2052.


Karg Hydroelectric PowerPlant

Karg Dam and Hydroelectric Power Plant are located in Ankara province in Central

Anatolia. An application was submitted to EMRA in 2008 for production license of

the project by Karg Energy Production and Trade Co. Inc., 50% of whose shares

Limak Construction owns. Water Use Agreement was signed with the General

Directorate of State Hydraulic Works in 2010 and efforts to obtain production license

are still continuing.

The installed capacity of the power plant is 100 MW with an average annual power

generation capacity of 254 million kWh. The facility consists of two units.

It is estimated that energy production will begin in 2014.

Eriç Dam and HEPP are located in East Anatolia Region within the borders of Erzincan

province.

Eriç Energy Production and Trade Co., Inc., 30% of whose shares Limak Construction

owns, applied to EMRA in 2008 to get production license of this project. Water Use

Agreement was signed with the General Directorate of State Hydraulic Works in 2010

and efforts to obtain production license are still continuing.

The total installed power of the plant will be 170 MW and the annual average

production will be 703 million kWh. The facility consists of two units. It is estimated

that energy production will begin in 2015.

Eriç Dam andHydroelectric Power Plant


Kirazlk Regulator andHydroelectric Power Plant

Kirazlk Regulator and Hydroelectric Power Plant project is located in Siirt provinceon Botan Creek downstream of Alkumru Dam and Hydroelectric Power Plant. Thefacility has a regulator with concrete housing, a sluice with radial gate, and a spillwaywith flap gate.

The power plant has an installed capacity of 45 MW with an average annual powergeneration capacity of 150 million kWh. The facility consists of three units.

Baren Power Generation Industry and Trade Ltd., one of the holding affiliates, hasobtained the right to use the power generation license of this project until 2057.The tender for electromechanical equipment will be finalized in 2010 and theconstruction work will begin. Power generation will begin in the facility in 2012.

Bayram HydroelectricPower Plant

Limak won the main contribution tender for the licence of Bayram HEPP, whichGeneral Directorate of State Hydraulic Works lodged, in 2009.

The total installed power of the plant will be 90 MW and the annual averageproduction will be 256 million kWh. Bayram Dam and HEPP are located on the RiverBerta, which is a branch of the River Çoruh, in Artvin province in Eastern Black Searegion.

Efforts to obtain production licence are still underway. The tender for electromechanicalequipment will be carried out in 2011 and the construction work will begin.

It is estimated that the facility will begin to produce energy in 2014.


Dereköy – DemirkapHydroelectric Power PlantDereköy Regulator and Demirkap Hydroelectric Power Plant are located on İyidere

Creek in Rize province in Eastern Black Sea. The total installed power will be 105 MW

and the annual average production will be 366 million kWh. The facility consists of

three units.

BESS Electricity Generation Industry and Trade Inc., one of the holding companies,

obtained the right to use the production license of this project until 2056.

The project is in the final project stage and the construction work will begin in 2010.

It is planned that the power plant will begin energy production in 2013.


Çal HydroelectricPower PlantÇal Hydroelectric Power Plant, which is within the borders of Denizli province, collects

its water from Çal plain irrigation and Erenler Regulator on Büyük Menderes River.

Çal Hydroelectric Power Plant was constructed under BOT model and has been

operational since January, 2001. The facility will be operated by Limak Energy

Production Distribution Ind. and Trade Co. Inc., which is one of the holding companies,

until 2021.

With installed power of 2,2 MW, Çal Hydroelectric Power Plant produces 12 million

kWh of energy annually on average. The facility consists of two units.

104 million kWh of electrical energy was produced between 2001 and 2010 in the

plant.


LimakCement Group

98

Limak, which acquired Kurtalan Cement Plant

and entered the sector in 2000, maintained its

growth by incorporating Ergani and Gaziantep

Cement Plants in 2006 and Şanlurfa Cement

Plant in 2007.

It put Bitlis Cement Facility into operation on

August 8th, 2008, the construction of which

had begun in 2007, and despite the ongoing

financial crisis it did not abandon its growth

targets and Limak Mardin / Derik Grounding /

Packaging Facility, the construction of which

started with intensive tempo in December 2008,

was put into operation in December, 2009.

Finally, it continues to grow within the sector

and to contribute to the employment and

economy of our country with 4 integrated cement

plants and 2 grounding / packaging facilities.

In addition to establishing new facilities, Limak

Cement Group also continues its investments to

renovate the technology and to increase the

capacity in its current plants. In this context,

when the precalcination investment is completed

in Şanlurfa Plant, which has a clinker production

capacity of 2,300 tons/day, the capacity of the

plant will reach 4,500 tons/day. Thus, the annual

clinker production capacity of the group will be

3,467,000 tons and the annual cement

production capacity will be 6,653,000 tons. The

first investment of the group, Limak Kurtalan

Cement, managed to enter the ISO 500 list,

which is a survey for the biggest industrial

enterprise of Turkey, conducted by Istanbul

Chamber of Industry in years 2005, 2006, 2007,

and 2008.

Limak Cement ranks 21st among the FastestGrowing Companies in Turkey

According to the results of the survey “25 fastest growing companies throughout Turkey”

in 2008” conducted by the journal Capital, Limak Cement is the 21st.


“We built our policy upon this principle: We put human affection on the top priority.Then we choose all the people in our team from professionals.

While all the others considered investments in technology in this atmosphere of crisis,along with technological investments, we also established a tennis court, a footballpitch, and playgrounds for children in the plant facilities, built a pond within theplant area, and carried out agricultural activities to be a model for the locals. Wecarried out rehabilitation of all the managerial and social buildings.

This is quite important in Southeastern and Eastern Anatolia regions, because thereare not such places to meet the social needs of people. For example, on that datethere were no gyms in Siirt, but our plant had one.”

First Place is for the HumanAffection…

100 Limak Cement Group

“We developed social projects with our employees together with their families apart

from their jobs. We made significant contributions. We provided detailed guidance

to people on topics such as family affairs, child care, and education. Our employees

worked in this actively.

Afterwards our investments never stopped. Since 2000, Limak Cement Group has

made rehabilitation, renovation, and capacity increase investments valued at roughly

60 million.

Our investment budget of the year 2010 is around 40 million, and the entire amount

is going to be used in 2010.”

101

Gültekin AksüyekLimak Cement GroupGeneral Coordinator

Awards

Limak Kurtalan Cement

Limak fianl›urfa Cement

Limak Bitlis Cement

Limak Ergani Cement

Limak Gaziantep Cement

1,000 saplingswere planted in

the factory area in2009.

4,000 trees fromdifferent species wereplanted in the factory

area.

Social Security InstitutionPlaque of Appreciation

2009

268 saplings fromdifferent species were

planted in the factory area.

Social Security InstitutionPlaque of Appreciation

2009

ISO 500 HundredBiggest Industrial

Enterprises ofTurkey2008

SiirtTop Taxpayer inCorporate Tax

2007

A total of 222,600trees from differentspecies were planted

throughout thefactory area.

ISO500 Hundred Biggest

Industrial Enterprises ofTurkey2006


2006

ISO500 Hundred BiggestIndustrial Enterprises

of Turkey2007

Limak KurtalanCement Girls’

Dormitory2006

ISO500 Hundred Biggest

Industrial Enterprises ofTurkey2005


2005

A total of 10,000 treesfrom different species wereplanted throughout the

factory area.

Social SecurityInstitution Plaque

of Appreciation2009


“We have had such a team especially due to the professional management in 10 yearsthat we now possess equipment to establish a turnkey factory for a foreign group or afirm abroad. We are equipped both in technical and financial terms. Our team is well-trained in this area and they have full knowledge of their job particularly under theleadership of Gültekin Aksüyek. Therefore, we are ready for any opportunity in thisarea. This might be partnership with an operational factory abroad or building a newfactory for a group and operating it. We evaluate all the proposals or possibilities. As Isaid, however, our main targets are to make for overseas and to make for the portsin Turkey.

We are a fast-moving company. I believe this is one of our biggest advantages. It is ahuge body, but at the same times a flexible one.”

Making for the Ports…

103

Serhan BacaksızLimak Group of CompaniesMember of Executive Board

LimakKurtalan Cement

Kurtalan Cement Plant was established in Kurtalan, Siirt with the purpose of meeting the cement

demand of the Eastern and Southeastern Anatolia regions and contributing to the local and

national economy through exportation to neighboring countries.

The construction of the plant started in 1976 and it was put into operation at the end of 1984

and the plant made its first cement sale in 1985.

The Siirt Kurtalan Cement Industry and Trade, Inc., which was a state-owned enterprise, was

privatized through block sales method in 1998 and following the privatization, it joined Limak

Group in March 2000. The annual clinker production capacity has increased to 760,000

tons/year and the cement production capacity has increased to 1,140,000 tons/year with

additional investments. Furthermore, the capacity of cement packaging unit has increased from

200 tons/hour to 280 tons/hour with additional investments.

Limak Kurtalan Cement Plant has maintained the ISO 9001:2000 Management System successfully

since 2000 and continues its operations decisively after getting the certificates of ISO 14001

Environmental Management System and OHSAS 18001 Occupational Health and Safety

Management System in 2007. Limak Kurtalan Cement Plant has the EC Conformity Certificate

for all of its products in accordance with the Construction Materials Regulation and also has

an Operation License from the Ministry of Environment and Forestry to dispose hazardous

wastes as of 2008 and thus contributes to the environmental economy.

Planting works were also carried on in 2009 with environmental consciousness and with 2,600

new saplings from different species, the number of trees in factory site increased to 222.600.

During the taxation period of 2007, Limak Kurtalan Cement was listed in the first place as a

corporate tax payer in Siirt and recorded a new success in 2009 by taking the 170th place in

Turkey's 500 biggest industrial enterprises survey, which was conducted by Istanbul Chamber

of Industry, for the year 2008.

Limak Kurtalan Cement was reorganized in 2008 under the trade name of Limak Cement

Industry and Trade Inc., and Ergani, Gaziantep, Şanlurfa, and Bitlis cement plants of the group

continue their operations as branches of Limak Cement.


Portland Cement

Portland Composite Cement


Pozzolanic Cement

Types of Cement Produced

CEM I 42,5 N

CEM II/B- M(P-LL) 32,5 N

CEM II/A-M (P-LL) 42,5 N

CEM IV/B-P 32,5 R


LimakErgani CementErgani Cement Plant was built in Ergani district in Diyarbakr province in order to contributeto the economy of the country within the scope of the GAP project. The construction startedin 1976. The plant was put into operation and the first cement sale was made in July 1984.

Ergani Cement Plant, which was a state-owned enterprise, was privatized in 1997. The plant,which was subsequently placed on the market by the Savings Deposit Insurance Fund, wasacquired by the Limak Mining and Building Cement Industry and Trade, Inc. at the end ofthe tender held in January 2006 and joined the Limak Group. After the takeover, the planttook on a new and modern appearance with environmental investments and with additionalcapacity investments, the clinker production increased to 760,000 tons/year and cementproduction to 1,400,000 tons/year.

Limak Ergani Cement maintains its operations under the name of Ergani Branch of LimakCement Industry and Trade, Inc. as a result of the restructuring carried out in 2008.

Ergani Cement Plant has TS EN ISO 9001:2000 "Quality Management System" certificate, andbesides, it has completed the work to establish TS EN ISO 14001 "Environmental ManagementSystem" and OHSAS 18001 "Occupational Health and Safety Management System". In May2010, it will carry out the investigation of certification for “Integrated Management System”.

With Emission Permit Certificate, which was taken in accordance with both legal liabilitiesand social responsibilities and with environmental consciousness, gas and dust emissions arestabilized within the legal permissible limits. A total of 10,000 trees were planted in the factorysite in the last two years.

Ergani Cement Plant is the first and the only organization in Diyarbakr province which appliedto the Ministry of Environment and Forestry in order to obtain the "Noise Control PermitCertificate" in July 2008 after having performed all the environmental noise measurementsrequired by law.


Portland Cement


Pozzolanic Cement

TS Certificate of Conformity and EC Certificate of Conformity for all the cement

types produces are available.

CEM I 42,5 N

CEM II/A-M(P-LL) 42,5 R

CEM IV/B (P) 32,5 R



LimakGaziantep Cement

Limak Gaziantep Cement Plant was established in 1961 as a state-owned enterprise in the

province of Gaziantep, which occupies an important place in the economy of Turkey in terms

of its industrial and commercial structure. The plant, which was privatized and sold in 1992,

was acquired by the Limak Kurtalan Cement Industry and Trade, Inc. as a result of the tender

organized by the Savings Deposit Insurance Fund in 2006, and joined the Limak Group.

The plant was first operated in 1960 with a total clinker capacity of 85,000 tons/year and

relied on wet kiln process. The production system of the plant was transformed into semi dry

kiln process in 1966, thereby increasing the clinker production capacity to 165.000 tons/year.

The second rotary furnace was put into use for dry kiln process in 1971 and the semi-dry kiln

process was put out of service in 2006. As a consequence of the investments, the existing

clinker production capacity of the plant has increased to 462,000 tons/year and cement

production capacity to 1,400,000 tons/year. Limak Gaziantep Cement has changed its trade

name to Gaziantep Branch of Limak Cement Industry and Trade, Inc. in 2008 as a result of

restructuring work.

After the plant joined the Limak group, it underwent a complete process of change and

within this context about 1,000 trees of various species were planted in the factory site and

most of the football pitch was turfed.

EC Certificate of Conformity was taken from the Board of Quality and Environment for the

cement produced and furthermore, ISO 9001:2000 Quality System, ISO 14001 Environmental

Management System, and OHSAS 18001 Occupational Health and Safety Management System

were certificated as "Integrated Management System" by BSI.


Portland Cement


Pozzolanic Cement

CEM I 52,5 N

CEM II/B-M(P-LL) 42,5 N

CEM IV/B-(P) 32,5 N



Limakfianl›urfa Cement

Şanlurfa Cement Plant was built on Bozova highway in Şanlurfa within the scope of GAP

Project in order to contribute to the country economy.

The construction of the plant started in 1976 and the production started in March 1986. The

plant had a clinker production capacity of 554,000 tons/year and a cement production

capacity of 590,000 tons/year and it made the first cement sale as of June 1986.

Şanlurfa Cement was initially a state-owned enterprise within Çitosan and it was privatized

in 1993. It joined the Limak Cement Group on December 14, 2007. Investments in numerous

fields towards environment, society, and capacity began and these investments still go on.

The current clinker production capacity of the plant is 2,300 tons/day and when the ongoing

precalcination investment is completed, this amount will increase to 4,500 tons a day and

1,485,000 tons a year. The capacity of cement production is 1,400,000 tons/year.

Approximately 1,200 m2 of land has been planted so that the plant gains an aesthetic

appearance through continual landscaping. Limak planted a total of 4,000 trees of 19 different

species since it took over the plant on 14.12.2007. The management building, social facilities,

main entrance gate, check weigher, stock taking, dining hall and operation buildings were

completely modernized and the roads inside the plant side were asphalted and the appearance

of the plant changed totally. ISO 9001:2008 Quality Management System work has been

completed and the certificate is expected to be obtained in April 2010. As a result of the

awareness of environment and occupational safety, OHSAS 18001 and ISO 14001 works are

continuing at great speed within the scope of establishing an integrated management system

within Limak Şanlurfa Cement Plant.

The plant was awarded the plaque of appreciation by the Social Security Institution as a

company which pays the highest insurance premium, which has no insurance premium

liabilities, and which fulfills the obligations towards its employees in order to increase the

reputation of the Social Security Institution in the eyes of the public and to develop awareness

towards social security. Limak Şanlurfa Cement has changed its trade name to Şanlurfa

Branch of Limak Cement Industry and Trade, Inc. in 2008 as a result of restructuring.


Portland Cement


Pozzolanic Cement

CEM I 42,5 N

CEM II/B-M(P-LL) 32,5 R

CEM II/A-M(P-LL) 42,5 N



LimakBitlis CementLimak Bitlis Cement Grinding and Packaging Facility was built in Rahvadüzü on the 12th km

of Bitlis-Muş highway for the purpose of meeting the cement demand of Bitlis, Muş, and Van

provinces. The facility started its operations after the opening ceremony with the attendance

of Prime Minister Recep Tayyip Erdoğan on 8 August 2008.

The annual cement production capacity of the facility, which cost 30 million TL, is 525,000

tons. Currently 34 permanent personnel are employed. Though the production in the facility

was halted for 3 months due to intensive snowfall and harsh winter conditions, none of the

personnel was dismissed.

Limak Bitlis Cement Facility is the only true industrial investment of Bitlis, and it was awarded

a prize by Bitlis Provincial Directorate of Social Security Institution since it activated the financial

dynamics of the region and it protects the rights of its employees and because of its efforts

and rigor to pay their insurance premiums regularly.

Limak Bitlis Cement Grinding and Packaging Facility, which has a total area of 75,325.61 m2,

has quite a modern appearance. All the stokeholes in the facility are covered and all the roads

and operating areas are asphalted and cemented and thus no dust emission is created within

the facility. The processes to obtain ISO 9001 2000, ISO 14001 Environment Management

System, and along with this OHSAS 18001 Occupational Health and Safety Management

System are still ongoing.

In the environment-friendly facility, in which 268 trees of various species have been planted,

TS Certificate of Conformity has been obtained for the products and it has been warranted

that all the liabilities and statistical studies of TS EN 197-2 have been fulfilled, and moreover,

EC Certificate of Conformity has been acquired from the Council of Quality and Environment.


Pozzolanic Cement

Pozzolanic Cement



CEM IV / A - P 32,5 N

CEM IV / A - P 42,5 N

CEM II/A-M (P-LL) 42,5 N

CEM II/B-M (P-LL) 32,5 N



LimakMardin Cement

Limak Cement Group did not abandon its growth and expansion target in 2008 despite the

current global economic crisis in order to maintain its mission to contribute to the country

economy and employment. Therefore, the Group decided to establish a new Grinding and

Packaging Facility in Derik district of Mardin. Within this scope, following the necessary project

and infrastructure studies, the construction started in December 2008 and the facility was

put into operation in December 2009.

Limak Mardin Cement was built on the 10th km of Derik-Mardin highway near Tepeönü in

Kuşçu in order to meet the cement demand from Mardin, Şrnak, Diyarbakr, and Urfa in

domestic market and from Iraq and Syria in foreign market.

The facility cost $11,75 million USD and it has an annual cement production capacity of

788,000 tons. There are 35 permanent personnel and it is predicted that the personnel

number will be increased in the future.

All the roads and operating areas are asphalted and cemented and thus no dust emission

is created within the facility. The studies for ISO 9001 2000, ISO 14001, and besides OHSAS

18001 Management System have started. In the environment-friendly facility, where 385

trees of various species were planted in 2009 and 10,000 m2 of which was turfed, AT

Certificate of Conformity from TSE has been obtained for the products. Additionally, application

has been submitted to receive TS Certificate of Conformity.

The facility, which was planned with environment consciousness, a modern appearance and

high level technology, is expected to provide a dynamic acceleration to the region through

both the direct or indirect added value for regional economy and employment and also for

the industrialization culture which it will bring about.

In Limak Mardin Cement, which was built on an area of 97,523.39 m2, regional needs for

cement types will be given priority.


Portland Cement

Pozzolanic Cement

CEM I 42,5 N

CEM IV / A - P 32,5 N



LimakInvestments Group

116

“We want to take over the Pristina Airport in 2010. Apart from this, there are other

large-scale projects that we follow, like Medina Airport. We are about to begin

partnership negotiations for this business. We are going to submit the proposal for

it this year. Also we are quite hopeful about the airports we have been following in

Syria. Moreover, my major goal for this year is to add a highway to our portfolio.

There are projects that we are following in Turkey. Apart from this, our colleagues

are busy with a container port business in Croatia. The second half of the year might

be busier, because in the first half, we have been working on planning and preparation.

The second half will be quite fast.”

New Airports and Ports...

117

Murat Dedeo¤luLimak Group of

InvestmentsCEO

118 Limak Investments Group

“One of the most exciting things for me in 2009 was the financing of our Alkumru

Dam because for the last year I have been mostly busy with the financing of HEPPs.

We used a 12-year term loan of $350 million USD for the dam in the midst of the

crisis. As this was during the crisis, it was an exciting project for both us and the

banks.

First the banks believed in the project, because we took the banks to the observation

on location with Nihat Özdemir. We observed the location of the dam with the senior

managers of the banks. Furthermore, we had started the construction before we

used the loan. Thus the banks saw this as well: people trust their projects so much

that they can start without loans and carry on until a certain point.”

First the banks believed in the project...

119

Salih Berbero¤luLimak Group of

InvestmentsCOO

Istanbul Sabiha Gökçen International Airport was tendered out in 2007 by the Under secretariat

of Defense Industries under Build-Operate-Transfer model. The consortium of Limak Construction,

GMR Infrastructure (India), and Malaysia Airport Holding Berhad MAHB (Malaysia) won the

tender and established Istanbul Sabiha Gökçen International Airport Investment Construction

and Operation Co. Inc. (ISG). The construction of the new international terminal building

and its complementaries with an additional investment of Euro 250 million and the operation

of the existing facilities for 20 years started on May 1, 2008. A total rental fee of Euro 1,932

million plus VAT will be paid for 20 years. The scope of the concession includes the operation

of the existing and the new terminal buildings constructed and different from other airport

managements, ISG will handle ground services, shipping operations, and plane refueling

operations during the same period for the first time in Turkey. With additional investments,

the 20-year operating time has increased to 21 years and 300 days.

‹stanbul Sabiha GökçenInternational Airport

120 Limak Investments Group

As of the end of 2009, the number of passengers increased by 52% and reached 6,6 millionand thus it was “the fastest growing airport” among similar airports in Europe. The numberof destinations increased from 26 to 52 for international flights and from 9 to 21 fordomestic flights. With the opening of the new terminal in November, the Turkish Airlinesbegan passenger transportation to 7 international flight points with scheduled flights forthe first time.

The Fastest Growing Airport of Europe


LimakFood And Beverage Group

122

We are going to expand ourmarket share…“The goal of expanding the market share for 5 major products of ours comprises the

agenda of 2010: Pomegranate, tomato, apple, peach, and sour cherry.

Depending on the internal and external conditions and overcoming the global crisis

in a very short time, we will place our market share and our sense of quality on the

top.

I claim this firmly: with the factory we built and with our production, we will enter

top five in Europe. We feel this during the visits of large production groups from

numerous countries around the world.”

123

Bahattin ÖzdemirLimak Group of

CompaniesMember of

Executive Board

“When we started the investment, we decided to build an industrial facility that could

operate for 12 months, process all types of fruit, and that would never halt production.

Furthermore, we would sell the products of this facility to the world market and shape

these products according to the needs of customers that we targeted in the world

market. 2008 was a year of trial for us. We are entering a new market. We didn’t

know what type of product demand would come in which way, but we began

preparations. We had two important criteria here for us. We set a goal in 2007 like

this: we would sell products in the developed markets of the world. Thus, we sold our

products to Japan in our very first year, because when we entered these markets,

our know-how and register here would provide us priority to do business all around

the world, and then we would turn our experiences in those areas into profit in the

other areas of the world.”

We are in 13 countries of world...

‹lker GüneyLimak Group of Food and BeveragesGeneral Directorate

124

Limkon Fruit Juice Concentrate Facilities was built on an area of 40,000 m2 in Adana Hac Ömer Sabanc OrganizedIndustrial Site with an indoor area of 13,000 m2.

The highest technology machinery, equipments and appliances are used in Limkon Fruit Juice Concentrate Facility,which was officially opened on May 14, 2008. The facility has a capacity of processing 25,000 tons of finished productsannually. Limkon operated with a capacity of 65% in 2009 and it processed 10 kinds of fruits such as orange, lemon,grapefruit, mandarin, strawberry, apricot, peach, sour cherry, apple, and pomegranate, and also tomato.

Limkon carried out contracted agriculture implementation for tomato production, which was the first in Adana, withthe most important company of Japan. Within the context of contracted agriculture, the planting of tomato seedlingswhich are suitable for local soil and climate structure and the distribution of these seedlings to farmers were carriedout through R&D studies conducted with the Japanese.

Limkon Food and Beverages achieved export to 13 countries, namely Germany, Holland, Poland, Greece, England,Japan, the USA, Canada, Dubai, Saudi Arabia, Serbia, Russia, and South Korea in amount of USD valued at 3,502,824USD in total in 2009 operating cycle and produced for large-scale companies offering service throughout Turkey.

Especially in order to be accredited to the overseas markets, SGF membership for Europe, KOSHER certificate forAmerican market, and FDA (Food and Drink Associate) membership, certificate of processing organic products, andfood license from the Ministry of Agriculture were obtained at the end of an intensive systematic examination schedule.For total quality, ISO 22000 and ISO 9001 certificated were issued in 2009 at the end of the studies initiated in 2008.

LimkonFruit Juice ConcentratePlant


LimakAviation Group

126

Limak Aviation provides air taxi service to its valuable passengers 24/7 with its experienced

aircrew according to the "safety first" principle with a Cessna Citation XLS type aircraft which

has the latest technology, a passenger capacity of 9, double jet engines, and stand up cabin

concept.

Bar›fl DemirkapıLimak Aviation

Flight Safety Manager

Celil AkçaLimak Aviation

Flight Operations Manager

Bar›fl Demirkap›

“We had many delightful flights that I can’t forget. One of them is when we brought

Roberto Carlos from Spain. They won the championship in Madrid. On the following

day we took him from Madrid to Istanbul. The press and our managers met him in

front of the plane. In that flight, I, as a fan of Fenerbahce, took off my captain uniform

and put on my Fenerbahce uniform. And I got it signed by Roberto Carlos. This is

another great memory for me, one that I won’t forget forever. It was a delightful

flight. I am also a fan of Roberto Carlos, thus making him a part of our team, its

vigor, and taking him were quite delighting for me.”

127

Important Developments in2010

128

LIMAK ENERGY WON THE TENDER FOR ULUDAĞ ELECTRICAL DISTRIBUTION.

Limak Inc. gave the highest bid in the tender for Uludağ Electrical Distribution,

the activity area of which involves Balkesir, Bursa, Çanakkale, and Yalova.

The net power consumption of Uludağ Electrical Distribution in 2008 was around

10.94 million MWh. The number of its subscribers is 2.28 million and the rate of

power loss and electricity theft is about 6%.

Important Developments in 2010

THE PROJECT of SAUDI ARABIA RAS AZ ZAWR-RIYAD WATER TRANSPORT SYSTEM

WAS SIGNED.

THE PROJECT of PAKISTAN QILA SAIFULLAH – ZHOB ICB-3B HIGHWAY STARTED.

February 18, 2010

March 9, 2010

May 10, 2010


LIMAK WON THE TENDER FOR PRISTINE AIRPORT WITH FRENCH PARTNER

Turkish-French consortium Limak-Aeroport de Lyon, which bid $126 million, won

the tender for operating Kosovo Pristine airport. The consortium acquired the

right to operate the only airport in Kosovo for the next 20 years.

May 15, 2010

LimakFinance Group

130

“I never forget this. We built the Geyik Dam, a dam in Milas district. It is one of

the first dams of Limak. We constructed the control building. It was a huge building.

The supervising engineer came and opened the building, saying “Well done, Mr.

Özdemir, it is so good”. Nihat Özdemir looked at him and said “I didn’t like it. I

don’t care at all whether you like it or not. They should first make me like their

job”. We all froze. Most of the current senior managers were there. This was one

of the most crucial points in the history of Limak. And do you know what we did?

We demolished the building. The construction office was removed. We found all

the teams, brought them back, and demolished the building and built it again.

We never compromise quality. The people in Limak keep this in their minds all the

time.”

Quality embedded in our nature…

131

Ahmet ÖzdemirLimak Group of CompaniesMember of Executive Board

“When doing business, Limak always does the right thing with superior quality at the

right time, which means not conceding quality. Conceding price, but not quality. This

was a school for me. We saw it here. And we are trying to convey this to future

generations.

It is important how an outsider defines institutional culture, rather than how I define

it. Bank employees are people we see most. For them, Limak is quite trustworthy. So

they think that the institutional culture of Limak means keeping promises. For

somebody from the highways, Limak means quality. They think that the institutional

culture of Limak is defined as quality. Limak keeps the promises it makes but while

it does this, it is not money that is in the foreground, but quality.”

Quality is in the foreground…

Ramazan fiahinLimak Group of CompaniesDirector of Finance andFinancial Affairs

132

It is important that the firm be reliable, large, farsighted, and act confidently. Thismakes us trust the firm. It enables our trust in both the firm and ourselves. The factthat it is a large firm helps us develop ourselves professionally. It helps us open up ourhorizon and broaden our neighborhood. Before anything else, you look at the futurewith greater confidence. You learn your job in numerous fields better and in a shorttime. This results in gaining self-confidence both personally and professionally. You don’thave any worries or questions in your mind. What will happen to the firm tomorrow?Will it go bankrupt? Will the crisis affect it or not? Such questions never arise.

According to me, Limak is a company with a stable structure. It’s spine is strong. Thisis because the managers take firm steps. That is, they don’t change decisions momentarilybut move slowly and cautiously and thus the firm is a rigid one.”

Its spine is strong…

133

Sıddık KayaLimak Group of Companies

Accounting Director

“The greatest power of Limak is hidden in that it has a qualified resource of human that grewwith Limak for long years.

Although there are many companies that joined the group in recent years, the average workingage in our group of companies is high, which is an indicator of this. Limak achieved this thanksto as it values its directors and employees. And Limak employees repaid by making Limak grow.

This mutual gain has become a structure that will bring benefits not only to Limak but also tothe society through social responsibility projects.

So, what is the power behind this synergy? Actually the answer implies a simple but difficult-to-reach way: “correct human resources management…” Limak, which is nearly 40 years old,achieved human resources management by understanding that it does not depend on a singleunit, but success can be possible with qualified employees and directors with whom it will workand to whom it will give responsibilities.

In the center of business strategies lies the trust in hardworking and leading employees anddirectors who embrace that job, who lead it, and who claim to obtain a result. As a result, withteams that worked together for long years, this mutual trust created the stable and inimitablecompetitive advantage.

Limak is going to get the reward of this trust by growing even more with its current staff andthe qualified labor force that will join the team from this time on.”

Competitive advantage…

Limak Human Resources

Birol SaylanLimak Group of CompaniesHuman Resources Director

138

“Limak leads the sector in the use of information technologies, like in all the other areas. We

aim to utilize the advantages of using the technology correctly to the full extent in order to

perform business processes in a continuous, reliable, and rapid way.

We are going to continue our studies on modular SAP investment, which we started the

previous year, and reach our ultimate ERP goal, and we are going to continue our improvements

in information technologies parallel to our new investments.”

Using technology correctly…

Limak Information Technologies 139

Ersun GülbaflLimak Group of Companies

Director of Information Technologies

“Our group is aware of the importance of institutionalization and has taken and is

still taking big steps towards achieving this. I’m of the opinion that our group, which

is a family business, will achieve its institutionalization and set an example to other

family businesses in Turkey.”

We are institutionalizing…

Management Consultants

Engin EremLimak Group of CompaniesConsultant

140

“Limak was the 46th in Turkey in tax payers’ ranking in 2009. The plaques we received

from tax administration and the Ministry of Finance due to our high tax payments

are our greatest joys. We always protect the rights of the country and we never

comprise on this subject. We don’t want to violate the right of the state, nor do we

want the state to violate our rights.

Let me state this; when I first arrived, we had three companies in Limak. Today,

however, we have 55 companies together with our affiliates. We have two holdings,

55 companies with our affiliates and at the same time our affiliates.”

We are the 46th in tax payers’ranking…

141

Ömer Okan Ça¤larLimak Group of Companies

Consultant

Limak Machinery and Supply Department was founded in 1983 and offers service in Ostim, Ankara

in an indoor area of 400 m2 and in a 200 m2 additional storage building.

Machinery and Supply Department gives support to Limak Construction mainly on machinery

maintenance, purchasing, and stock management with 15 personnel including 4 engineers and

2 purchasing personnel. Additionally it carries out machinery transfers between worksites.

It aims to supply roughly 16,000 items annually such as machinery spare parts, construction

consumables, concrete admixture materials, asphalt admixture materials, fixtures, and occupational

safety equipment for central purchasing of about 14 worksites within Limak Construction and

other worksites in which Limak has partnership in accordance with quality standards and with

minimum costs and to deliver these items to the worksites on time.

The total annual average expenditure of Machinery and Supply Department is around 20 million

Euro. Another area of activity of Limak Machinery and Supply is to follow the periodical, breakdown,

and general maintenance of 600 machines that Limak Construction owns in the worksites. It

provides some general maintenance as well as large-scale breakdown maintenance in related

services.

It also organizes the repairs of complete machines and broken machine elements such as engines,

gearboxes, and hydraulic pumps and engines that arrive at our service with approximately 2,200

work orders in external services and the local production of many necessary items.

Developing procedures for Stock, Purchasing, and Machinery Maintenance and performing this

with the SAP program is another activity of Limak Machinery and Supply Department. All the

worksites perform Stock, Purchasing, Machinery Maintenance and Fixtures operations online on

the SAP program. Technical support staff is available at Machinery and Supply Department for this

program. The technical support team supervises the trainings and maintenance and stock

movements within the worksite so that the program works.

Limak Machinery and Supply Department determines the need for machinery and purchases them

and also hires machinery and vehicles.

LimakMachinery and Supply

142

“At the beginning of the 2000’s, we were constructing roads in Afghanistan. At that

time, the infrastructure in Afghanistan was extremely poor. The project was in a

problematic area as well. You have to fly on night planes. You arrive there in the

small hours. Then you have to take an 8- or 10-hour journey. It is not safe. There

are very limited places on the road to stop or to refuel. One side of the stones by the

road is painted in white, and the other side is red. The officers of the United Nations

marked the area after sweeping mines and placed painted touchstones. It is dangerous

if you pass to the red zone, as there might be mines there. Almost all of the roads

were like this. You couldn’t even get out of the vehicle during the journey. We also

struggles against extremely harsh natural conditions but we managed to deliver the

projects precisely on time and with success.”

On mined roads...

143

Murtaza BurgazDirector of Machinery

Procurement and Supply

Our SocialResponsibility Projects

144

Education, culture, arts andenvironment...“Our supports focus on especially education, scholarship, cultural and artistic activities. We

organized many charity concerts and fashion shows with Anaçev in 2009. Students from

Anaçev were granted scholarship. Besides, we supported the Presidential Symphony Orchestra

in Ankara and organized concerts. We had built a girls’ dormitory before in Siirt, where we

have a cement plant. We laid the foundation of a girls’ vocational high school in Afyon in 2010.

This school will be completed in one year. At the same time, we offer scholarship to many

students.

We want to make our social responsibility projects more organized, institutionalized and

sustainable by establishing the Limak Foundation. Our activities will generally focus on

education, scholarship, culture, arts and environment.

Since our headquarters is in Ankara, we try to support cultural and artistic activities in Ankara

more. A few years ago we supported Ankara Film Festival. This year the concerts of the

Presidential Symphony Orchestra with Anaçev were in Ankara. Our principle is “Give back

what you earn to the city you are in”. We will continue with our projects in Ankara and develop

them.

We supported Flying Broom Film Festival. We receive various projects and we want to support

several of them within the context of this foundation. Our top priority this year is to establish

the Limak Foundation.

We are designing a project about illiterate girls and brilliant children. We are planning to take

the Presidential Symphony Orchestra to the eastern cities for concerts. This project to make

children there familiar with classical music and to make them take on a hobby might be more

comprehensive. We might give them musical instruments, thus make them like music. We are

planning to carry out this in autumn at a different place each day for a week. This will be in

Diyarbakr, Urfa, Siirt, Mardin, Bitlis, and Gaziantep, where we have cement plants.”


The foundation of Şuhut Limak Girls’ Vocational High School, the construction of

which Limak undertook with the principle of social responsibility, was laid in a

ceremony participated by Prof. Dr. Veysel Eroğlu ,the Minister of Environment and

Forestry, on 8 May 2010.

Şuhut Limak Girls’ Vocational High School will have 12,000 m2 of open area and

5,212 m2 of indoor area and it will be opened in 2010-2011 education term. The

school will have 16 classrooms with a capacity of 480 students and there will be

units such as computer and science labs, vocational technique workshop, sports hall,

painting and music classrooms, two activity and game rooms, a library, infirmary,

basketball-volleyball pitch, and disabled elevator. In addition to the high school

building, it will involve a practice infant school with a capacity of 75 students.

fiuhut Limak Girls’ VocationalHigh School and Infant School

146 Social Responsibility Projects

The micro-credit branch, which was opened via a protocol between Turkish

Foundation for Waste Reduction and the Governorship of Siirt granted the

first credits with an opening ceremony.

The ceremony was participated by District Governor Mustafa Gündüz,

General Director of Kurtalan Cement Plant Halil Pala, Micro-credit Center

Director İdris Tuaç, Branch Director Fatma Asubay and institutions directors.

The first credits were granted by District Governor Mustafa Gündüz and

Cement Plant General Director Hamza Oduncu.

KurtalanMicrocredit Branch


District Governor Mustafa Gündüz said in his speech during the ceremony

“I would like to express my gratitude to our Governor Necati Şentürk, Prof.

Dr. Aziz Akgül and distinguished deputies Arif Demirhan and Ylmaz

Helvacoğlu and all the other contributors for opening the micro-credit

branch in our district, which will help our people in production and

employment in our district via granting employment credit without interest

rate. Besides, I would like to express my thanks to Mr. Nihat Özdemir,

Chairman of Board of Directors of Limak Holding, for donating 250,000

TL to our micro-credit branch for financing of the credits.”

As of March 2010, 192 low-income women were granted 156,437.50 TL

micro-credits and the repayment rate of the due credits is 100%.


‹dil Biret ConcertsDuring the concerts staged by renowned pianist İdil Biret on 8-9 October 2009 Maestro

Rengim Gökmen conducted the Presidential Symphony Orchestra. In the concerts

organized with the support of Limak Group of Companies , J.Brahms’ Piano Concerto

No.2 Op.83 and S.Rahmaninof‘s Symphony No.2 Mi Minor Op.27 were performed.

In support ofArts and Polyphonic Music


New Year Special ConcertsDuring the New Year Special Concerts of the Presidential Symphony Orchestra staged

on 24-25 December 2009,the orchestra was conducted by Maestro Tulio Gagliardo Varas.

At the concerts staged with the support of Limak Group of Companies, Soprano Simona

Baldolini and Tenor Enrique Ferrer performed arias from Puccini and Verdi.

PRESIDENTIALSYMPHONY

ORCHESTRATE


David Geringas ConcertsDuring David Geringas’ cello concerts of the Presidential Orchestra staged on 4-5 February

2010 , Maestro Marek Pijarowski conducted the orchestra. At the concerts organized

with the support of Limak Group of Companies, Robert Schumann’s Cello Concerto La

Minor Op.129 and Dmitri Sostakovic’s 7.Symphony Do Major Op.60 ”Leningrad” were

performed.

In support ofArts and Polyphonic Music


PRESIDENTIALSYMPHONY

ORCHESTRATE

Roby Lakatos ConcertDuring the Gypsy Concert Special Program of the Presidential Symphony Orchestra staged

on 7 May 2010, Maestro Erol Erdinç conducted the orchestra. At the concert organized

with the support of Limak Group of Companies, Roby Lakatos with his violin, Frantisek

Janosko with his piano, Laszlo Boni with his violin,Jeno Istvan Lisztes with his cimbalom,

Robert Feher with his double bass and Laszio Balogh with his guitar performed an

unforgetable Gypsy concert.


The 13th of the Flying Broom International Women Films Festival organized by Flying

Broom and realized every year since 1998 and which stands the first women films festival

was held on 6-13 May 2010. At the festival, we were one of the sponsors, long, short,

documentary and animation movies of the women from both our country and the world

have been shown to the audience and panels, talks and exhibitions have been organized.

13th Flying BroomWomen’s Films Festival


Harem BalletHarem Ballet was performed by the artists of Ankara State Opera and Ballet at Kemal

Kurdaş Hall of METU on 26 May 2010 of whose revenue to be transferred to Lösev which

renders service as to provide assistance to meet all sorts of needs, primarily health and

education, of the children with leukemia, and also to establish and run treatment, training

and research institutions at national level regarding the genetic and acquired blood

diseases.

Charity for Lösev,Foundation for Children with Leukemia


Some of ourCertifications

156

158

Some Establishmentswe are Member of


Association of Tourism Investors

(TYD)

Belek Tourism Investors’

Association

(BETUYAB)

Ankara Chamber of Commerce

(ATO)

Asphalt Constructors Association

(ASMÜD)

Ankara Chamber of Industry

(ASO)

Foreign Economic

Relations Board

(DEIK)

Union of Cement

Manufacturers

World Water Council

(WWC)

Turkish Cement Producers

Association

(TÇMB)

Turkish Construction Industrialists

Employers Union (INTES)

Turkish Constructors Association

(TMB)

International Commission

On Large Dams (ICOLD)

International Hydropower

Association (IHA)

International Pipe Line &

Offshore Contractors Association

(IPLOCA)

Lara Tourism Investors Union

(LATUYAB)

limak holding 2009 annual report

Documents