Şişecam’s 2011 profits grew by 53 percent as the company continued to expand abroad, according to Ersin Özince, chairman of the Turkey-based glass maker. The company fulfills some three percent of the global glass demand with its production, which has reached $3.7 billion. “In 2011 our net profits increased 53 percent to 741 million Turkish Liras. Our 2011 sales figures registered an 18 percent increase fro ...

Turkey’s olive oil exports quadruple in the last five months from the same period a year earlier benefiting from the harvest fall in Spain, a report says. Spain which is known to be the world’s largest oil producer has suffered a considerable fall in the harvest of olive oil and opened the way for countries such as Turkey to gain market share. It is reported that Turkey’s olive oil exports which had been ha ...

Durmazlar Company, with its "Durma" brand is the world's largest machine manufacturer in units. The company is getting ready to manufacture trams and metro in Bursa  - a northwestern Turkish city, center for Turkish automotive industry - in partnership with Siemens.. Turkey's automotive production base Bursa is about to realize a first tram and metro production as well. While prototype production  started a ...

Poultry is one of the fastest developing sectors in Turkey and the industry has reached a point where it can challenge world giants in global markets. In this article we would like you to meet Ms. Sake YALCIN, a renowned executive in the sector (to include abroad) and a shareholder at REFARM Company to share her broad knowledge about the industry and evaluations regarding the future of the sector. Editor, B ...

Prime Minister Recep Tayyip Erdoğan has announced that the Free Trade Agreement with Ukraine, for which negotiations are ongoing, will be complete by the end of the year. Speaking at a joint press conference with Ukrainian President Viktor Yanukovych, Prime Minister Recep Tayyip Erdoğan said, "Our current trade volume is 6.5 billion dollars. Our target is to bring that up to 20 billion dollars by the year 2 ...

With campaigns geared towards sports, Turkish television manufacturers have conquered the European market. While Arçelik Grundig has sat itself in third place in Germany, with the aid of the Bundesliga, Vestel has caught on to a 70 percent growth. The coinciding of the German Bundesliga with both the European Cup and the Olympic Games, has worked to Turkish television producers' benefit. With their brand in ...

The local defense sector will present its products at least in eight international fairs next year, says Lütfi Varoğlu of the Undersecretariat of the Defense Industry The Turkish defense industry plans to promote its wide range of military products by attending at least eight international defense and security fairs next year, in a bid to increase its share in the global arms market. The local defense indus ...

At the beginning of 2012 strong conservative growth forecasts were made. This was in spite of the fact Turkey had grown real fast in the last decade. At that time some were concerned that this slowdown forecast meant that growth could stop. In a way this was understandable because the retail sector in specific is normally quite vulnerable to such economic developments and real fast. However Turkey is lucky ...

Turkey is the 3rd biggest country in flour production in the world and has a share of 9 percent in total world flour exports. Anatolia is the region where plantation and flour production was first made in the world. In the ancient times flour was produced in stone mortars in Anatolia. Later, production of flour by watermills began. Although the first modern flour plant  in Turkey was established in Istanbul ...

Turkey’s exports in the first five months of the year hit a record high of $60 billion, the economy minister said. “Sixty billion [dollars] in the first five months is a first for the Turkish Republic and exports in the past 12 months have exceeded $140.5 billion,” Zafer Çağlayan said at a meeting in Ankara yesterday. While the European Union grew 1.5 percent last year the European growth figure would be at ...

Turkey’s exports increase by 6.8 percent, reaching $12.6 billion in April, while imports fall by 8 percent to $19.3 billion, according to official data. The data shows success in export market diversification, says Economy Minister Çağlayan Turkey’s foreign trade deficit decreased by 27.3 percent in April, according to official data, as exports to the European Union, Turkey’s largest exports market, witness ...

Bursa,which is famous for its weaving and thermal springs is also world wide known for its beautiful towels. Towel production started in Bursa centuries ago and today they are available allover the world. It is recorded in history books (Larousse volume 10,page:5118) that Bursa towels were exported to many foreign countries such as India, Iran, Syria, Egypt and the Balkan countries, in 18th and 19th centuri ...

Anatolian (Minor Asia) soil has a rich blend of natural stones such as marble, travertine, limestone, onyx and basalt due to its geological structure. Based on a study Turkey offers a wide variety of over 250 types of marble, travertine and onyx which are processed in about 1500 small, medium and large size factories and 7500 workshops. Turkish natural stone products which were produced in 2-3 cm sizes at t ...

US automaker Ford’s Turkish unit Ford Otosan, a JV between Turkey’s Koc Group and Ford Motor Company, is building its third vehicle manufacturing plant in Turkey which will considerably increase its production capacity as it aspires to raise its exports to the US market. The new plant under construction in Golcuk, Kocaeli, adjacent to the existing facility, will churn out 110,000 vehicles per year once oper ...

Turkey has plenty of export items which contribute to the revenues of the country. Among those, we can mention exportation of plastic products to include household items and kitchenware which was not feasible until a decade ago. Today however, Turkish companies in the sector have found fertile markets and established successful and profitable business relations with foreign buyers. Ucsan Plastik is among su ...

In developing Turkey there are not many cities with such a strong industry and economy as Gaziantep which is located in the southeastern part of the country. The city has been playing an important role in the Turkish economy with its industrial establishments and commercial infrastructure and has certainly taken its place among the group of few cities doing the biggest contributing to the revenues of the co ...

Turkish chemical sector's exports up Chemical sector's exports increased 21.73 percent to 1.3 billion USD in February 2012 when compared to February 2011. Chemical sector became the second sector which made the highest export of Turkey after automotive sector, according to Istanbul Chemical Materials & Products Exporters' Association. The export of the sector sector rose to 2.7 billion USD in January-Fe ...

Turkish pastry exports hit all time record in 2011 Turkey's exports of pastry products hit an all time record in 2011, head of a Turkish pastry producers association said. GAZIANTEP- "We exported 406 tons of pastry products in 2011 which is a record in exports. And our overall production was 851 tons which is another record for the Turkish sector," Murat Bozkurt told the Anadolu Agency. Bozkurt said Turkish ...

Turkey's tractor manufacturing increased 56.2 percent to 62,750 in 2011, which was a record high production rate in this sector. Tractor manufacturing was 40,178 in 2010, according to figures of Association of Agricultural Equipment & Machinery Producers. The manufacturing figure had been the highest in 1998 with 61,868. It dropped to 10,840 in 2002 due to global economic crisis. Turkey manufactured 29, ...

In a report prepared, the Turkish Plastic Industrialists Research, Development and Education Foundation (PAGEV) has said that the plastic sector in Turkey grew 10 percent in 2011 when compared to the previous year. According to the report, Turkey left behind countries like France and Spain and became Europe's third biggest producer of plastic items in 2011. Turkey ranked as fourth biggest producer of plasti ...

With a history spanning 100 years, Arkas is the first name that comes to mind in the Turkish maritime industry. It carries out its international activities via 20 companies and offices across 13 different countries. Having always pioneered in maritime transportation in Turkey, Arkas did the first cargo transportation inside containers in 1978. First private port management and services in the second half of ...

A hike in energy consumption is mainly responsible for the energy-dependent country’s trade deficit that surpassed $105 billion last year. Turkey’s total energy imports last year stood at $54 billion, figures say Turkey’s 2011 trade deficit exceeded $105.8 billion, an all-time high, with a 47.7 percent jump from a year earlier, mainly due to increasing energy consumption. The trade deficit in December stood ...

Furniture  production  in  Turkey  dates  back  to  the  19th  century  and  was  done  in  small workshops  as  artisan  production. However,  by  the  rapid  globalization  and  all  other aspects,  present  furniture  industry  is becoming  a fashion  sector. In Turkey, furniture is produced both in workshops and industrial¬scale manufacturing units. Furniture production is highly fragmented among a larg ...