Assan Hanil, one of Kibar Group’s automotive companies was established in 1997 with the partnership of Seoyon E-Hwa which is the leading automotive supplier in South Korea, started production as an OEM Part Supplier in the automotive industry.
It became one of the important suppliers of Ford-Otosan as of 2005 while it was supplying parts only for Hyundai Assan in the early years of its establishment.
In the upcoming years, Assan Hanil has added Isuzu, Honda, Agco, Mercedes-Benz Turkey and Turkey’s Automobile Initiative Group (TOGG) to its customer portfolio respectively. In addition Assan Hanil is one of the main suppliers for M2 Light Commercial Vehicle (H350), which is a joint project between Karsan and Hyundai Motor Company (HMC).
TSI Seats continues its operations for multiple aircraft types in the production facilities based in Istanbul, Turkey, and in Seattle, United States, with full design, engineering, manufacturing and R&D capabilities.
Annual revenues are projected to hit $50 million in 2020 and the firm has a goal of seeing this number double by 2023. Employee count across its two locations stands at 135.
TSI has a close relationship with Turkish Airlines with orders for seats on almost 400 aircraft. The company had agreements with Freebird Airlines, Azerbaijan Airlines and Nordwind Airlines, and also struck deals with other leading Airlines. As such, it is perfectly poised to become a major seating vendor. Indeed, TSI has ambitions to rank among the world’s top-five aircraft seat manufacturers by 2023. Accordingly, production capacity will ramp up rapidly to 100,000 pax per annum over the next few years.
TSI promises customised solutions in a timely manner. Pre-certified seats can be delivered in less than three months, while the company has recently completed projects that started at the design stage with Airbus and Boeing in less than 16 months – much lower than the industry average. With a cluster of car-makers and parts suppliers, the Turkish automotive sector – in which TSI’s ownership Assan Hanil is heavily involved – exports billions of dollars’ worth of motor vehicles and components each year. 80% of TSI’s suppliers are local and proximity to this supply chain, most of which is situated within two hours of its Istanbul headquarters, is fundamental to the firm’s ability to deliver seats on-time or even ahead of schedule.