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Gubre Fabrikalari T.A.S (Turkey) | Foundation for Defense of Democracies

Gubre Fabrikalari T.A.S (Turkey)




(also known as Gubretas)

Gubre Fabrikalari is a Turkish fertilizer producer, founded in 1953. As of 2010, it controlled a 29 percent share of the Turkish fertilizer market (Gubre Fabrikalari Company Website, accessed July 9, 2013).

Date: 2008

Deal: In 2008, Gubretas reported that it acquired a 50 percent stake in the Razi Petrochemical Company, Iran’s largest fertilizer production facility. According to Gubretas, it was the leading investor of a consortium that included 3 other Turkish firms and one Iranian firm. The consortium submitted its bid for the Razi plant to the Iranian Privatization Organization (Gubre Fabrikalari Company Website, accessed July 9, 2013). According to the Turkish newspaper Today’s Zaman, Gubretas won the tender with a bid of €462.2 million ($679 million) (Today’s Zaman, February 21, 2008).

Date: 2010 - 2011

Deal: Gubretas’ company documents reported that Razi Petrochemical Company established a wholly-owned subsidiary called Raintrade Petrokimya ve Dış Ticaret A.Ş. (Raintrade) in Turkey in late 2010, and that Raintrade began operations in April 2011. The documents described the conglomerate of Gubretas, Razi, and two Gubretas affiliates as the “Group,” and noted that the “Group” controls a 48.88 percent “indirect share” of Raintrade (Gubretas Operating Review Report: January-September 2011, 2011).

Date: 2012

Deal: Reuters reported that Gubretas’ Iranian subsidiary, Razi Petrochemical Company, acquired an 87.5 percent stake in Arya Phosphoric Jonoob Co. (Arya) for $15.5 million (Reuters, July 20, 2012).

Arya is an Iranian producer of phosphoric acid, and is partially-owned (16.7 percent) by the Iran Petrochemical Commercial Company (IPCC) (National Iran Petrochemical Company 2009 Annual Report, accessed July 9, 2013).

Ties to U.S. Business:

According to USASpending.gov and the Federal Procurement Database, Gubretas Fabrikalari T.A.S. has not received any United States government funding in the last ten years (USAspending.gov, accessed July 8, 2014).

Last Updated: July 2014