Polin Named Among 100 Fastest Growing Companies in Turkey

Nov 06, 2013 Joe Kleiman Business, Events, News, Water Parks Comments Off on Polin Named Among 100 Fastest Growing Companies in Turkey

Istanbul, Turkey (November 4, 2013) — Polin was recently named as one of The Turkey100, a prestigious list of “game-changing entrepreneurs” identified by AllWorld Network. AllWorld cited Polin among the businesses referred to as some of the world’s fastest-growing young companies that “are pioneering solutions in old and new industries.” The organization noted that the distinguished firms had collectively created 11,000 jobs in three years.

Polin has become one of the world’s leading companies in the design, manufacture and installation of waterparks, waterslides and water-play attractions. Specifically, Polin has been a pioneer in the advancement and application of closed-molded manufacturing technology in waterslide development. Its forward-thinking innovation has led to the firm expanding its operations throughout Asia to Europe, China, Canada, Australia, the United States and beyond.

The list of honorees on the list was announced during the AllWorld Turkey100 Awards Gala, which took place during the Fifth Izmir Economic Congress on Oct. 30. The event was opened by Turkey’s President and Prime Minister Recep Tayyip Erdoğan and hosted by AllWorld Network, the Ministry of Commerce, the Union of Chambers and Commodity Exchanges of Turkey (TOBB), and the Economic Policy Research Foundation of Turkey.

Turkey100 companies average $34 million in sales ($3.4 billion collectively). From technology to traditional mining and textiles, their average growth rate was 371 percent between 2010 and 2012. Coming from all over Turkey, the Turkey100 represent 25 cities and range in size from $1 million to $237 in annual sales.

Michael Porter, AllWorld Network co-founder and chairman, who is also a Harvard Business School professor, said, “The Turkey100 establishes the definitive record of the fastest-growing, most-innovative entrepreneurs in the country. AllWorld has rankings in 15 countries, and the Turkey100 shattered the records for entrepreneurial growth and industry diversity. These companies, led by dynamic men and women, represent the leading edge of a new approach to Turkey’s competitiveness.”

Polin’s CEO Basar Pakis said his company was honored to be among the top 100. “Polin strives to stay at the forefront of technology, as well as providing the highest quality of service to our clients and partners,” Pakis noted. “It is truly a privilege to receive this commendation, and we are humbled to be named alongside some of the most-well-respected business leaders in our country.”

Facts About the Turkey100

3.4 billion Number in U.S. dollars of honorees’ collective revenues

371 Percentage of average three-year growth rate of honorees

10,986 Number of jobs created by honorees from 2010 to 2013

83 Number of honorees planning to seek capital in next 24 months

65 Percentage of honorees who will be using new capital for investments in new technology or physical plants

41 Average current age of honorees’ CEO

54 Percentage of honorees that said their current profitability was higher today than it was 12 months ago

42 Percentage of honorees that said their biggest constraint to growth was finding and retaining qualified employees

www.polin.com.tr