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3M to establish regional production hub in Turkey

Istanbul, 31 October 2012 - 3M, the US diversified technology company, is to establish its third European regional production centre in Tekirdag in Turkey. 3M plans to invest 500 million USD in its new production centre and employ 1,000 works. According to Giuseppe Castaldi, 3M Vice President for Central and...

Posted on 31 October 2012

Chinese yarn production company to invest in Turkey

Istanbul, 30 October 2012 - Texhong, one of China’s leading yarn production companies, is to invest 70 million USD in a new factory in Balikesir in western Turkey. Secretary General of Turkey's South Marmara Development Agency said “The Chinese company chose Balikesir as an investment location for its logistic and...

Posted on 31 October 2012

South Korean steel maker to start production next April

Istanbul, 29 October 2012 – Pohang Iron and Steel Company, a leading South Korean steel maker, is due to start production in Turkey in April 2013. According Assistant General Manager, Jong Won Kwon, the company is expecting to produce 200,000 tons in its first year of operation. According to Kwon...

Posted on 31 October 2012

Turkey Set To Expand Its Pharmaceutical Business

The Turkish pharmaceutical industry is expected to expand substantially during the next few years, and sales of drugs could reach $23.3 billion by 2023, up from just $5 billion in 2011. These figures come from a report by Pricewaterhouse Coopers which was commissioned by the pharmaceutical industry, but are based...

Posted on 26 October 2012

Turkish Airlines Increase Arabian Flights

Another week another new Turkey flight to widen the country's already impressive accessibility to tourists and property buyers from around the world. This week we have new flights from Pegasus Airlines from Istanbul. One is a thrice-weekly route between Istanbul and Lviv in Ukraine, and the other is a 4-times...

Posted on 25 October 2012

Selling a House In Turkey: Price to Sell

This article is about Turkey, but it could be about anywhere, sellers make the same mistakes and the same principles apply to selling a house pretty much everywhere. The best piece of advice that anyone can give to a seller is to get their asking price right the first time....

Posted on 24 October 2012

Dubai developer launches second project in Istanbul

Istanbul, 22 October 2012 - Dubai’s Emaar Properties is set to build a new development in Istanbul with over 1,000 luxury homes, a 190-room 5 Star hotel, offices, a shopping mall and a leisure complex with an underwater zoo, family entertainment complex, ice skating rink and movie theatre. The centre...

Posted on 23 October 2012

Saudi company invest 1 billion USD in Turkey

Istanbul, 21 October 2012 – The ALJ Holding Group from Saudi Arabia has announced plans to invest 1 billion USD in Turkey. According to ALJ Holding Chairman and Chief Executive Officer, Ali Haydar Bozkurt, “We’ve always put Turkey at the centre of our targets and have worked with this in...

Posted on 23 October 2012

Turkey’s exports increase again

Istanbul, 20 October 2012 - According to data released by the Turkish Exporters’ Assembly exports increased by 7.4 percent to 11.4 billion USD in September 2012 compared with the same period in 2011. Exports for the first 9 months of 2012 have increase by 12.1 percent over the same period...

Posted on 23 October 2012

Chinese power plant equipment maker joins forces with local Turkish partner

Istanbul, 20 October 2012 - Harbin Electric, China’s largest power plant equipment manufacturer, has entered into a JV with one of Turkey’s Hattat Holdings subsidiaries to manufacture of boilers, generators and turbines used in power production industry. The new factory will be located in western Turkey and completed by 2014,...

Posted on 23 October 2012