Turkey imports 60 percent of its energy… On the other hand it has 70 percent of the world's boron reserves as well as major solar potential, and continues to increase the number of projects involving boron and solar power daily. Within this framework, Turkey has promoted a car which operates on solar power and boron by test driving it.. There is a strong possibility we could see vehicles operating on boron ...

Turkey is embarking on the mass production of its first 100 percent domestically made missile. Minister of Industry Nihat Ergün has announced that Turkey has begun the serial production of the SOM missile developed by the Scientific and Technological Research Institute of Turkey (TÜBİTAK).The missile, which was developed by TÜBİTAK in its entirety all the way to its batteries, has a 200 kilometer range and ...

Turkey uses 1 percent of global energy, gas consumption jumps Turkey consumes 1 percent of the world's total energy and 1.4 percent of its natural gas, according to a benchmark annual report by BP. The country's overall energy consumption increased 9.2 percent last year from 2010, while its oil consumption rose 5.8 percent to 32 million tons, or 0.8 percent of global consumption, the report said. Turkey's g ...

Jantsa and CLN to build a plant in Aydin at EUR 36 million Jantsa, a Turkish manufacturer of wheel rims producing mainly for the automotive and defense industry since 1977 and exporting to 80 countries worldwide, is forming a joint venture with Italian CLN Group, its biggest competitor in the global market. Both parties will have a 50 percent stake in JMW, the new joint venture that will be built in the Aeg ...

Turkish citizens living in the northwestern Marmara region consume 45 percent of the country’s sweets and chocolates.The Turkish confectionery market grew 10 percent and recorded an annual sales figure of $3.1 billion in the past few years. One-third of confectionary consumption takes place during the religious Şeker Bayram and Feast of the Sacrifice holidays. During these periods, per capita consumption re ...

Turkey will be the production base of U.S. Caterpillar Inc. Richard Levin, an executive of the company, recently held a meeting with Turkish Science, Industry & Technology Minister Nihat Ergun, and told the company's desire to enter Turkish market and start production. ISTANBUL- Turkey has a strategic importance in the region. We target to reach not only to Turkish market but also the regional markets, ...

Indesit develops new refrigerator technology at Turkish plant The research and development (R&D) department of Indesit Turkey has succeeded in developing a new cooling technology that keeps the contents of a refrigerator fresh for a period much longer than those of traditional fridges. Italian home appliances manufacturer’s largest production plant in Europe is in Turkey. The plant in the Aegean provinc ...

Turkey is certainly one of most successful economies in the world with a remarkable GDP performance in spite of the recent global crisis. The Turkish economy which was heavily dependent on agriculture until a couple of decades ago has gone through a major transformation and is now proud to have the capability to export industry products all over the world to include USA and the western block. To parallel th ...

Turkey drew $15.9 billion in direct international investment in 2011, according to the World Investment Report issued by the United Nations Conference on Trade and Development (UNCTAD) yesterday. The investments increased 75.7 percent when compared to 2010, said Secretary-General Ozlem Ozyigit of the International Investors Association of Turkey (YASED). YASED discloses the report in Turkey on behalf of UNC ...

Caterpillar exploring investment opportunities in Turkey Heavy machinery manufacturer Caterpillar has Turkey on its investment agenda, according to Turkey’s Minister of Science, Industry and Technology, Nihat Ergun. Impressed by Turkey’s new investment incentive scheme, the company’s CEO will visit Turkey in the coming weeks for a meeting with the Ministry, said Ergun during his visit to the US for the 2012 ...

Indian automotive company ASHOK LEYLAND has joined forces with Turkish company UTIKAR for production of a new range of inter-city and intra-city buses for the Middle East, North Africa and CIS markets. Mr. P.G. Nillson, Executive Director, International Operations, of the company which showcased at Busworld Turkey 2012 commented that he was delighted with the company’s global expansion drive. Mr. Nillson al ...

Aiming to be the sole ‘aerospace university’, Turkey’s Aviation Board University is also planning to manufacture the first ever domestic airplane by 2014. In collaboration with 82 different firms, the university also plans to train Turkey’s first astronauts. The Turkish Aviation Board University (THKÜ), which was inaugurated on May 2nd by President Abdullah Gül, will be producing Turkey's first-ever domesti ...

Indesit to focus on emerging markets, plans strong growth in Turkey Italian white goods producer Indesit has announced plans to expand its presence and market share in Turkey, the second fastest growing economy in the world. Indesit’s future plans are based on organic growth in emerging economies such as Turkey, Indesit’s Commercial Area Director Central and Eastern Europe, Michele Casamassima said in a pre ...

Amphibious warship put to sea Turkey plans to build seven more fast amphibious military ships like the Ç-151 launched in Istanbul yesterday. Turkey has built the first of its eight fast amphibious military ships, model Ç-151, which complies with NATO standards. These assault ships are being built as part of the “Landing Craft Tank” (LCT) project. Ç-151 was put to sea March 9, at the shipyard of Anadolu Ters ...

A deal on a $7 billion pipeline project to carry Azeribaijani gas to Europe via Turkey might be finalized during Turkish PM Erdoğan’s planned visit to Baku. Azerbaijan is also eyeing a stake in Turkey’s gas grid privatizations Turkey and Azerbaijan are near reaching an agreement on the construction of a major pipeline that would carry a vast amount of natural gas to European markets, according to a top Azer ...

KAVAKLIDERE Winery, the first private sector wine producer in Turkey was founded by Mr. Cenap And in Ankara in 1929. The company has enjoyed a consistent growth to become Turkey’s leading wine producer. Kavaklıdere owns 562 hectares of vineyards in the most important wine-producing area of Anatolia, where professional growers strive to maintain the perfect grapes-soil-climate equation so as to increase the ...

Turkey has taken some giant steps in the recent decade in terms of its share in air transportation and traveling. Indeed Turkish Airlines has become one of the airline companies with most promising future in the sector on a global scale. PEGASUS on the other hand is another Turkish company which has gained big reputation as well as considerable share in the domestic market. Pegasus Airlines was established ...

The industrial production data for November show that the Central Bank’s bid for a soft landing in economy is obtaining results, economists agree. The same trend will also be observed in December figures, they say Turkey’s industrial production in November 2011 grew 8.4 percent from November a year earlier, signaling that the real economy is still going strong, but economists project a slowdown for December ...

Turkey's industry in progress According to data released by Turkish Statistics Institute (TurkStat) yesterday, monthly industrial production index increased by 8.4 percent in November 2011. Compared to the same month of 2010, the index for the mining and quarrying increased by 2.9%, the manufacturing sector index increased by 7.6% and electric, gas and steam production and distribution index rose by 16.9% i ...

Kanca providing forging parts to prestigous automobiles of Audi, Porsche and Bentley, is exporting to 26 countries including especially Germany followed by the US, Canada, France, Sweden, Austria, Netherlands, Belgium, Britain, Spain, Portugal, Greece, Egypt and Algeria. The company exports 60 percent of its auto products and 80 percent of its hand tools. Having entered the top 500 ranking of Turkish Export ...

Turkey could cease chemical imports -- expected to reach $2 billion this year -- from France amid an ongoing political dispute with that country, Murat Akyuz, head of the Turkish Chemical Sector Platform (KSP), told Today's Zaman on Monday in Istanbul, adding that the French side had confused political issues with bilateral trade. Akyuz was speaking at a press meeting where he evaluated the latest developme ...

Sarkuysan is among top three in Europe and top 5 in the world in electrolytic copper industry with a portfolio of global giants as customers.The company produces oxygen-free copper for NASA and nickel-coated cable for BOEING. The company exports products to 56 countries ranging from the USA to Middle East. 40 percent of its annual production capacity of 240,000 tons is for foreign markets. 18 percent of thi ...

Turkey has a fast developing industry and chemicals are widely used in this country. There are a lot of companies involved in importation of chemicals into Turkey. Due to the perception of risk on global basis however,  there certainly is a slowdown situation in the sector as with all other segments in the economy. Winters are not the best time for chemical business anyway but the stagnancy in question at t ...