Menu

Tag Archives: Investment

France’s Alstom interested in Turkey’s new high-speed train programme

Istanbul, 10 July 2012 -France’s Alstom Transport is keeping a close eye onTurkey’s new high speed train projects. Arda Inanc, General Manager of Alstom Transport in Turkey, said “Alstom Transport Turkey is working for sustainable growth. The number of our employees in Turkey hit 1,200, while we posted 407 million...

Posted on 20 July 2012

Hyundai Assan benefits from Turkey’s new incentives

Istanbul, 9 July 2012 - Hyundai Assan the leading South Korean company, will be the first company to receive the benefits from Turkey’s new investment incentives scheme. With a total investment of approximately 550 million USD Hyundai intends to increase production at its Izmit factory in NW Turkey from the...

Posted on 20 July 2012

Honda considers restarting motorcycle production in Turkey

Istanbul, 6 July 2012 - According to Hideto Yamasaki, Honda Turkey’s General Manager, Honda is investigating increases to its Turkish manufacturing plants in Gebze and Kocaeli as well as reopening its motorcycle manufacturing in Turkey. “Honda is considering to increase its production level in Turkey and the appreciating yen makes...

Posted on 09 July 2012

US giant diesel maker launches new Turkish factory

Istanbul, 4 July 2012 - Cummins, the leading US diesel engines and engine components maker, has launched its new diesel filter production facility in the Aegean Free Zone in Izmir on Turkey’s western coast. Commenting on the opening, Joseph Saoud, Cummins Filtration President, said “The selection of Turkey and Izmir...

Posted on 09 July 2012

Turkey’s Ford Otozan now exporting engineering services

Istanbul, 3 July 2012 - Ford Otosan, the Turkish-US joint venture,  is now making its engineering services to the whole of Ford Group with the “Made inTurkey” label. According to Haydar Yenigun, the company’s Director General, the JV’s Gebze Engineering Centre exported services worth 50 million USD last year.  Commenting...

Posted on 09 July 2012

South Korean group to invest in Turkey

Istanbul, 28 June 2012 - The South Korean group LG Corp is looking to set up in Turkey according to Calvin Cho, LG Turkey President. “LG has been mulling production in Turkey for a long time. The new investment incentives are very encouraging in this regard” said Cho. According to...

Posted on 29 June 2012

British private equity company takes major stake in Turkish security firm

Istanbul, 27 June 2012 - Cinven, a London based private equity firm, has purchased a majority interest in Pronet, a leading Turkish security solutions provider. The purchase is expected to be completed this summer. Pronet was founded in 1995 and has over 80.000 active alarm systems in place. Source: Invest...

Posted on 27 June 2012

World Bank Group to invest 2 billion USD in Turkey

Istanbul, 25 June 2012 - According to Lars Thunell, Executive Vice President and CEO of the International Finance Corporation (part of the World Bank Group), International Finance Corporation plans to invest 2 billion USD in Turkey between 2012 and 2015. Announcing the investment Thunell said “Turkey’s economy has proven its...

Posted on 27 June 2012

Moody’s upgrades Turkey’s credit rating

Istanbul, 22 June 2012 - Moody's Investors Service, the international credit rating agency, has raised Turkish government bond rating by one notch to Ba1 from Ba2. Moody’s cited improvements in the country’s public finances and an increased resilience of the government’s balance sheet to financial shocks. Moody’s is maintaining the...

Posted on 26 June 2012

US pharma industry’s interest in new investments in Turkey

Boston, 20 June 2012 - Attending the 2012 Bio International Convention held in Boston, Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, announced that Baxter International, the leadingUShealthcare company, is considering increasing its investments inTurkey. Baxter already has partnership with Eczacibasi inTurkey, one of oldest Turkish pharmaceutical companies. Ergun said...

Posted on 26 June 2012