Menu

Tag Archives: Investment

USA’s General Electric attracted by new incentives in Turkey

Istanbul, 16 May 2012 - USA's giant conglomerate General Electric is seeking to take advantage of Turkey’s new business incentive packages with a range of different investments within its portfolio. At a recent meeting between Turkey’s Minister of Science, Nihat Ergun and Kursat Ozkan, GE’s Turkish and Middle East &...

Posted on 28 May 2012

Toyota to start new car production in Turkey

Istanbul, 15 May 2012 - Toyota is planning to start manufacture of its new C segment saloon car in 2013 which is intended to replace its popular Corolla model currently being made at its Adapazari factory in north west Turkey. Speaking recently, Ali Haydar Bozkurt, Toyota Turkey CEO, said “We...

Posted on 28 May 2012

Turkey’s industrial production up 2.4 percent

Istanbul, 14th May 2012 - Recently released data from the Turkish Statistical Institute shows industrial production increased by 2.4 percent in March 2012 compared with March 2011. The increase beat the forecasts by 0.2 percent. Electricity, gas, steam and air conditioning supply index increased by 7.9 percent, the mining sector...

Posted on 24 May 2012

Foreign company investments up by 74 percent

Istanbul, 11th May 2012 - According to Ms Umit Boyner, Chairperson of the Turkish Industry and Business Association, foreign companies were responsible for 74% of the total of 241 mergers and acquisition in Turkey representing 15 billion USD. Speaking at the Turkish Industry and Business Association seminar Boyner pointed out...

Posted on 24 May 2012

UAE hotel group to manage Turkish hotel

Istanbul, 10th May 2012 - Thanks to the continuing relaxation of visa requirements for citizens of the Arab countries, Turkey is expecting a large increase in tourists from those countries. UAE based Rotana Hotels has recently signed an agreement with Turkey’s Rhossos Tourism to manage its 300 bed hotel aimed...

Posted on 24 May 2012

Honda considering new Turkish motorcycle

Istanbul, 9th May 2012 - Honda as part of its global restructuring is considering the adding motorcycling manufacture to its plant at Sekerpinar in Turkey’s north east. According to , Kadir Kutluay, Honda Turkey Vice President, the company is investigating the manufacture of a 100cc machine for the local Turkish...

Posted on 24 May 2012

US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 - According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit...

Posted on 24 May 2012

Saudi polypropylene company to invest in Turkey

Istanbul, 30 April 2012 - One of Saudi Arabia’s fastest growing companies Advanced Petrochemical Company is planning to build a polypropylene production plant in Turkey. Expected to open by 2015 the plant will one of its key plants outside the company’s home country. The new venture will be in partnership...

Posted on 03 May 2012

French pharmaceutical company relocates its regional centre to Istanbul

Istanbul, 26 April 2012 - Sanofi, the French pharmaceutical company, has decided to relocated its regional management team based in Dubai to Istanbul under its restructuring programme. Stephen Cobham, Sanofi’s Vice President for Turkey and the Middle East, said “Turkey’s quality labour force and sound scientific base, combined with medical...

Posted on 03 May 2012

US biotechnology company buys Turkish generics drug maker

Istanbul, 25 April 2012 - Amgen, the US biotechnology company, is to acquire over 95% of Mustafa Nevzat Ilac a Turkish generic drug manufacturer. The acquisition worth about 700 million USD will increase Mustafa Nevzat’s presence in the emerging markets in the region and Africa. Commenting, Bob Bradway, Amgen’s Chief...

Posted on 03 May 2012