Oyak-Renault
| Company type | Joint venture |
|---|---|
| Industry | Automotive |
| Founded | 1969 |
| Founder | Renault, OYAK, Yapi Kredi Bank |
| Headquarters | Bursa , Turkey |
Area served | Worldwide (exports to nearly 100 countries) |
| Products | Automobiles, engines, gearboxes |
| Owner | OYAK (49%), Renault (51%) |
Number of employees | 5,900+ |
| Website | www |
Oyak Renault Otomobil Fabrikaları A.Ş., commonly known as Oyak-Renault, is an automotive producer located in Bursa, Turkey. The ownership structure consists of OYAK (Army Solidarity Institution, a pension fund) holding 49%, while Renault possesses a 51% stake.
History
Established in 1969 through a collaboration between Renault, Oyak, and Yapi Kredi Bank, Oyak-Renault commenced manufacturing operations in 1971. Initially, the company focused on assembling various Renault vehicles for both local and international consumers. Currently, it exports selected models to nearly 100 countries around the globe.
In 2018, the firm produced 336,888 cars alongside 602,421 engines, with exports accounting for close to 80% of its vehicle production.
Operations
Renault's largest manufacturing site outside Western Europe operates with an annual capacity ranging from 286,000 to 360,000 units. The official Renault dealership network within Turkey is managed through the joint venture MAİS A.Ş..
Besides vehicle assembly, the facility also produces gearboxes and engines, offering about 450 distinct engine types at an annual output of approximately 450,000 units. The workforce exceeds 5,900 employees organized into three shifts.