BVS Cranes is going public

BVS Cranes, the Turkish leader in crane manufacturing is going through an initial public offering (=IPO) in Borsa Istanbul.

BVS Cranes was established in 1986 by Mech Eng Önder Bülbüloğlu and has been growing in size and turnover ever since, both at home and in international markets – with export going to 90 countries on six continents.

The company is currently investing in a second, very large factory in Ankara. It is anticipated that the new facility will increase the capacity by 50%, employment by 30% and productivity of BVS allowing it to shorten delivery lead times further. In addition the company will be able to undertake even more large scale orders.

By taking the company public BVS will be building on an already solid foundation and through the investment and will be able to offer existing and new customers more of the creative and reliable lifting solutions in which the company specialises..