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Tag Archives: Spot Blue

Ford moves Transit van production to Turkey

Istanbul, 2 November 2012 – The Ford Motor Company has announced plans to close its UK Southampton factory and its Belgium factory and move its Transit van production to its factories inTurkey. Ford will to concentrate its van production with Turkey becoming its sole Transit range maker. Ford Turkey, a...

Posted on 06 November 2012

Canadian gold miner investing in Turkey

Istanbul, 1 November 2012 – Alamos Gold, the Canadian gold mining company, has announced plans to invest 1 billion USD in the Biga peninsula in westernTurkey. The investment will be spread over two projects, Kirazli and Agi Dagi. The company has already invested 35 million USD in feasibility studies and...

Posted on 06 November 2012

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

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

Bank of China and Akbank form partnership

Istanbul, 19 October 2012 - To help Chinese companies and investors Akbank and Bank of China have joined forces through a “Chinese Business Desk” in Istanbul. Over 450 Chinese companies have invested in Turkey with bilateral trade between China and Turkey reached 24 billion USD in 2011. Source: Invest in...

Posted on 23 October 2012