Saytek Reaches TRY 1.5 Billion in Revenue, Launches New Facility and Solar Investment in Konya
Company eyes strategic acquisitions in the recycling sector
Operating in both the recycling and healthcare industries, Saytek reached a turnover of TRY 1.5 billion last year. The company is preparing to launch a new production facility and a solar energy investment in Konya, with a total investment value of TRY 400 million.
Saytek Chairman of the Board Özer Yıldırım stated, "We are planning to pursue acquisitions of facilities or companies in the sector, including all their operations."
(From the April 13–26, 2025 issue of Ekonomist magazine)
Founded in 2001 by Özer Yıldırım, Saytek Medikal ve Plastik Sanayi operates in both the recycling and healthcare sectors. In its recycling facility located in Düzce Gümüşova Organized Industrial Zone, the company produces recycled plastic materials such as rPET (Recycled Polyethylene Terephthalate), rPE (Recycled Polyethylene), and rPP (Recycled Polypropylene) from waste plastics. In the healthcare field, Saytek manufactures OEM implants, screws, prosthetics, and plates used in the treatment of spinal disorders, neurosurgery, orthopedics, and trauma cases. These products are sold directly to both public and private hospitals as well as through authorized distributors.
“We Will Pursue Acquisitions”
At its Ankara production facility, the company also manufactures surgical and specialized respiratory masks using nonwoven polypropylene fabrics. In the food supplements category, Saytek offers OEM-produced vitamins and collagen products, primarily distributed through online marketplaces. Highlighting that the company closed 2024 with a turnover of TRY 1.527 billion, Chairman Özer Yıldırım said, "TRY 1.4 billion of this came from domestic sales, predominantly from the recycling segment. In the upcoming period, we aim to increase the share of exports in our total revenue."
Yıldırım also emphasized that new facility and energy investments are on the agenda, stating, "As part of our sustainability strategy, we will pursue acquisition opportunities involving existing facilities or companies already operating in the recycling industry."
TRY 400 Million Facility and 4 MW Solar Energy Investment
Saytek employs 96 people and operates two facilities—one in Düzce for plastic recycling and one in Ankara for medical and respiratory mask production. The company has an annual recycling capacity of 30,000 tons and a mask production capacity of 110 million units.
Yıldırım announced plans to establish a new production facility in the Konya Kulu Organized Industrial Zone, with a TRY 400 million investment. The new facility will produce food-grade packaging using rPET flakes and virgin PET raw material. “The new facility will have an annual production capacity of 20,000 tons,” Yıldırım said. “We also plan to commission a 4 MW solar power plant (SPP) as part of this project.”
He noted that rPET flakes are widely demanded by manufacturers across various sectors as a key raw material, and added: “As a recyclable material, rPET and rPE flakes not only contribute to environmental sustainability but also offer economic advantages. Our products help reduce crude oil usage, lower production costs, and provide a more cost-effective and reusable solution for plastic manufacturing.”
“We Aim to Increase the Export Share in Revenue”
Today, Saytek exports 40% of its food-grade rPET flake production, primarily to European Union countries. By the end of last year, the company was exporting to 11 countries including Romania, France, Slovakia, Spain, Italy, Lithuania, Portugal, Slovenia, Austria, Germany, and Latvia.
Yıldırım emphasized that the company aims to expand its presence in international markets and increase the export share in overall revenue: “We plan to increase the number of countries we export to, especially in Europe. Our goal is for rPET flake exports to make up 80% of our production within the next five years.”