| - Industry | - Sector | - CEO | XIST Exchange | TREFRML00012 ISIN |
| Turkey Country | 429 Employees | - Last Dividend | - Last Split | - IPO Date |
Formul Plastik A.S. is a prominent Turkish manufacturer that specializes in the production of plastic pipes and fittings for various applications including water supply, heating, and wastewater systems. Since its inception in the early 1990s as a mold producer, the company has evolved significantly, expanding its product line to include PP-R pipes and fittings in 2000, and subsequently PVC pipes, PE-RT pipes for underfloor heating and radiator systems, brass inserts, and metal fittings.
The company operates state-of-the-art manufacturing facilities located in the Veliköy and Çerkezköy Industrial Zones, focusing on in-house production of multi-cavity molds, machining, and metal components. This strategy ensures a high level of quality and independence from external suppliers. Formul Plastik A.S. is distinguished by its commitment to maintaining international standards, holding certifications such as ISO 9001:2015, ISO 27001:2013, AEO, DVGW, AENOR, CSTB, and GOST. These certifications affirm the company's adherence to global quality and safety standards.
With a comprehensive product range marketed under reputable brands such as FORMÜL, AQUAPA, and AQUAPIPE, Formul Plastik A.S. has established a significant international presence, exporting products to over 90 countries across five continents. Since 2014, the company has been recognized among Turkey's top 1000 exporters, underlining its impact in the global market. The company fosters innovation through ongoing research and development, collaborations with universities, and the acquisition of patents, all while maintaining a strong focus on delivering defect-free products tailored for the construction, infrastructure, and plumbing sectors worldwide.
These pipes are designed for hot and cold water systems, offering high thermal resistance and durability. The fittings are engineered to ensure leak-proof connections and have a long service life, making them ideal for residential and commercial applications.
PVC pipes are lightweight and resistant to corrosion, making them suitable for various plumbing and drainage systems. Their fittings integrate seamlessly with pipes, ensuring a strong and reliable network for both above-ground and underground installations.
This product is designated for heating systems, offering excellent flexibility and thermal efficiency. PE-RT pipes are ideal for underfloor heating applications, providing uniform heat distribution and energy savings.
Brass inserts are an essential component used to enhance the integrity of plastic pipes and fittings. They provide robust anchorage points for connections and are resistant to corrosion, ensuring a secure fit in plumbing systems.
The metal fittings offered by Formul Plastik A.S. complement its plastic piping systems, delivering durability and strength for critical junctions in water supply and heating applications. They are specifically designed to work seamlessly with the company's plastic products.