Japan’s giant Sumitomo to invest in Turkey

Posted on 28 May 2012

Istanbul, 22 May 2012 – Japanese conglomerate Sumitomo has announce a new Turkish joint venture under the name of “Sumisertmetal”. The company has set aside an initial budget of 20 million USD to establish its sales network of industrial cutters and drills according to Sumisertmetal CEO, Edip Bayizitlioglu with plans to start production in Turkey by 2015. Source: Invest in Turkey

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