Based on a Turkish-Italian partnership 25 years ago, the HAS GROUP moves on its journey as an only Turkish-funded company since 2011. The company has realized many projects with the Scientific and Technological Research Council of Turkey (TUBITAK) during its ongoing growth process till 2016.
The HAS GROUP invested 3% of its revenue into R&D every year. As a result of this planning, the company carried on its business of textile machinery in coordination with the Ministry of Science, Industry and Technology, and received the “250th R&D Center Certificate in Turkey”.
The HAS GROUP has around 2,000 machines installed in 40 countries around the world. There are 40 engineers working for the company today. As a Turkish brand, it is among the first five companies in the world textile sector with more than 350 employees. Besides, it is the first and only Turkish company with its membership of the German Machinery and Plant Manufacturers’ Association (VDMA).
By this time, the HAS GROUP made a $25 million investment in high-tech textile machines which were not manufactured in Turkey. The company has earned $150 million in exports as investment property. In addition, it sold the machines it produced to Turkish firms and made $200 million to stay in the domestic market. Looking at the average of the last three years, HAS GROUP, which is always among the top three companies in textile machinery exports, has realized a turnover of $30 million and exports of $15 million in recent years.
Indicating that the group is also affected by the economic conditions in the country in the recent past, the Group Chairman, Tamer Hasbay, said the company is going through rough times just like many other powerful Turkish brands. The most important reason for this is the widespread rumor that the foreign competitors are making about the country’s economy.
Hasbay further said: “The economic ills experienced unfortunately are valid for many Turkish companies that are creating added value. Our company has vast experience and accumulation on its ongoing road for a quarter century. As a result of these accumulations, we continue our way as a popular Turkish brand. Against this backdrop, our production continues, new projects are set up and fresh orders are received. At the same time, our services and technical support continue in the same traditional way. Today, a new company needs at least 15-20 years to reach the location we have today.
The HAS GROUP has expressed its gratitude to banks, suppliers, employees as well as customers for their sustained support to it, and it will continue to develop and produce high value-added technological products.