World Bank's Corporation Offers Petlas US$250 million Loan
According to the Istanbul Chamber of Industry, Petlas was amongst the top 500 Turkish industrial enterprises in 2007. Petlas is aiming to be in the Top 100 industrial enterprises with its 100 per cent Turkish capital. Due to the investments of Abdulkadir Ozcan Group in Petlas Tyre Factory, Petlas is very close to its targets of export and domestic market sales. Petlas is ranked 142 for export sales. Petlas, which was set up by the Turkish government in 1976 and privatized in 1997, is a subsidiary of Abdulkadir Ozcan Otomotiv A.S., a leading distributor and seller of automotive tyres in Turkish aftermarket. The company is said to be the fourth-largest tyre manufacturer in Turkey and the leader in large tyres for tractors, heavy duty vehicles and aircraft.