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- October 13, 202618°
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Bankruptcy Declared for Istanbul-Based Pars Rot and Rotil
A court ruling has declared bankruptcy for Pars Rot and Rotil Sanayi ve Ticaret Limited Şirketi, headquartered in Ataşehir, Istanbul. The liquidation of the company, which has been producing in the automotive supply industry since 1989, directly affects over 200 employees and an annual production capacity of 5 million parts.
One of the oldest players in Turkey's manufacturing sector has succumbed to the harsh conditions of the economic climate. Pars Rot and Rotil Sanayi ve Ticaret Limited Şirketi, headquartered in Istanbul's Ataşehir district and operating in the automotive supply industry since 1989, has been declared bankrupt by court order. The legal process was conducted by the Istanbul Anatolian 2nd Commercial Court of First Instance.
Following the legal proceedings, the company's bankruptcy was finalized under the ruling dated May 20, 2026, with case number 2025/1202. The liquidation process of this long-established industrial company officially began at approximately 14:34 on the day the court ruling was issued. The case is registered under file number 2026/17 at the Istanbul Anatolian 3rd Enforcement Office, in accordance with Article 166 of the Enforcement and Bankruptcy Law (İİK).
The bankruptcy decision was officially announced to the public in line with the legal obligations stipulated in the relevant law. LIQUIDATION AFFECTS OVER 200 EMPLOYEES AND ANNUAL PRODUCTION CAPACITY OF 5 MILLION PARTS The liquidation of this manufacturer, with 37 years of sectoral experience, directly threatens the jobs of more than 200 salaried employees working under the company.
The company produced spare parts for passenger cars and light commercial vehicles, maintaining a broad supply network both domestically and internationally.
With an annual production capacity exceeding 5 million parts and a product range of 7,000 different items, the industrial facility manufactured critical components for the aftermarket sector, including: Stabilizer links, Tie rod ends, Axial joints, Bearing joints, and Control arms.
NEW CERTIFICATIONS OBTAINED FOR EXPORT Pars Rot and Rotil had recently set a strategic goal to expand export operations to the Russian Federation and Eurasian countries. To facilitate trade in these target markets, the company strengthened its operational infrastructure by obtaining the essential EAC Customs Union Certificates through the Sercons institution shortly before.
However, with the latest liquidation ruling by the commercial court, all manufacturing, export, and operational activities of the company have been halted, and official bankruptcy procedures have been initiated.
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