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Tag Archives: Spot Blue

US cosmetics manufacturer eyeing up Turkey

Istanbul, 11 July 2012 – The Farouk Shami Group, the US cosmetics company, is eyeing up the Turkish market. Group Chairman Farouk Shami said “We would like to invest in Turkey. It might take place anywhere in Turkey, particularly Istanbul. We aim at pushing the button as soon as possible...

Posted on 20 July 2012

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

Turkey’s exports reach new records

Istanbul, 5 July 2012 - Recently released data from the Turkish Exporters Assembly shows Turkey’s exports reached 11.8 billion USD in June, an increase of 3.6 percent over the same period in 2011. Overall exports in the January to June 2012 period reached 72.9 billion USD, a increase of 11.2...

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

Turkey’s economy grows 10 quarters in a row

Istanbul, 2 July 2012 - Newly released data from the Turkish Statistical Institute shows  Turkey’s economy grew by 3.2 percent in Q1 2012 making it the 10th quarter in a row and underlining Turkey’s economic performance. With the Turkish economy forecasted to grow 4 percent for the whole of 2012...

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