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Tag Archives: Investment

South Korean car maker Hyundai increases production at its Turkish plant

Istanbul, 9 August 2012 - Hyundai plans to double its manufacturing capacity of its plant in Turkey to 200,000 units by June of next year to meet the growing demand for its products. Hyundai’s Turkish factory makes the i20 compact hatchback. Approximately 70 percent of cars manufactured by Hyundai in...

Posted on 14 August 2012

Turkey to undertake Ford’s high tech development

Istanbul, 8 August 2012 - According to Ford Otosan’s Director General, Haydar Yenigun, “Ford Otosan aims to become a high-tech engineering centre for Ford products manufactured in Turkey and in the world. Currently, Ford Otosan’s Gebze Engineering Center is responsible for the calibration of diesel engines that Ford manufactures elsewhere...

Posted on 14 August 2012

Ford announces new Turkish developed truck

Istanbul, 6 August 2012 – Ford has announced the launch of its Cargo Latin heavy duty truck, the 1846T. The new 1846T is to be developed as a joint venture with Ford Turkey and Ford Brazil under Ford’s “One Ford” strategy. According to Turkey’s Ford Otosan Director General, Haydar Yenigun,...

Posted on 14 August 2012

Turkey’s incentive scheme extended to include buildings and facilities

Istanbul, 3 August 2012 - Turkey’s Minister of  Economy, Zafer Caglayan, has announced an extension of Turkey’s newly introduced investment incentives including the acquisition of existing buildings or facilities. Announcing the extension, Caglayan said “The extension of the investment incentive system to cover building acquisitions will help the integration of...

Posted on 14 August 2012

South Korea and Turkey sign free trade treaty

Ankara, 2 August 2012 – Turkey and South Korea have signed their long standing relation with a free trade agreement. At the signing by Turkey’s Minister of Economy, Zafer Caglayan and South Korea’s Minister of Trade Taeho Bark, Caglayan said “This agreement constitutes an important step towards the economic integration...

Posted on 14 August 2012

Japanese pharmaceutical company in talks with Turkish drug maker

Istanbul, 1 August 2012 - Otsuka, Japan’s second biggest pharmaceutical company, and Abdi Ibrahim, the Turkish drug manufacturer, are discussing a partnership deal for the production of Otsuka’s Abilify, Pletal and Mucosta drugs. Speaking recently, Nezih Barut, Abdi Ibrahim’s CEO, said “This is the first time Abdi Ibrahim has a...

Posted on 14 August 2012

Renault to add production of its new Clio Sports in Turkey

Istanbul, 31 July 2012 - Renault intents to add a new production line at its Bursa factory for its new Clio Sports Tourer which is to be built alongside Renault's recently announced Clio 4 super mini built in Turkey. This reverses the decision made by the previous French President Sarkozy...

Posted on 14 August 2012

Czech drug maker to make Turkey its generics hub

Istanbul, 30 July 2012 - Zentiva, the Czech subsidiary of Sanofi, France’s leading pharma company, is to move most of its production to Turkey. Speaking at a press conference Jérôme Silvestre, Zentiva’s President, said “Zentiva’s Turkish plant will be a supply base for generic drugs after their production moves to...

Posted on 14 August 2012

Gulf Big-Hitters (Funds) Planning to Invest Heavily in Turkish Property

We posted earlier this week on the government putting the new law in action and allowing foreigners from dozens more countries – including the gulf states -- to buy property in Turkey. According to a new report from Jones Lang La Salle, many institutional investors (sovereign wealth funds, investment funds...

Posted on 10 August 2012

Toyota to invest another 150 million Euros in Turkey

Istanbul, 27 July 2012 - Orhan Ozer, Toyota Turkey’s General Manager and CEO, has announced that Toyota is to make a new compact car  along side the Auris hatchback and the Verso family saloon at its Sakarya factory in north west Turkey. The investment is said to be 150 million...

Posted on 02 August 2012