GÜBRETAŞ proceeds on its way with the vision to become "a giant and a leading company in Turkey and establish itself as a well-known brand in the world".  In order to reach this objective, it has adopted the investment strategy in the countries having raw material resources; and in 2008, the consortium, led by GÜBRETAŞ, has purchased Iran's Razi Petrochemical Company. Being the largest industrial investment ...

Industrial Turnover Index in February 2013 increased by 4.9% compared with the same month in previous year. In the sub sectors level of industry, mining and quarrying index decreased by 4.2%, manufacturing index increased by 5.3% in February 2013 compared with same month of the previous year. Industrial Turnover Index and the Rate of Change (2010=100), February 2013 According to Main Industrial Groupings (M ...

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 ...

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 ...

In the first quarter of 2012, improvement signals in the balance of current account and inflation will be more powerful, leading  better conditions on the economy, if the economy in the second quarter of 2012  moves as in the first quarter. However, the economy authorities have also been trying to accommodate  the market to the possibility that the economic growth rate might realize below   %4. If we look a ...

With Sarkozy gone, Renault returns to Turkish plant French car company Renault is set to launch the production of the Sports Tourer, the Station Wagon version of  its Renault Clio model, in its Bursa plant as Turkish-French relations normalize with the end of former French President Nicolas Sarkozy's rule, daily Hürriyet reported. Reports claimed that  the former president had told Renault not to produce it ...

Toyota Turkey to create 800 new jobs with new sedan Toyota’s new compact sedan, slated to enter production by 2013 at the company’s Turkish plant, will create at least 800 new jobs according to Toyota Turkey’s General Manager and CEO, Orhan Ozer. The Japanese car maker currently manufactures the Auris hatchback and the family saloon Verso at its plant in Sakarya in western Turkey. Ozer announced that a new ...

Boyner Holding has transferred its 50 percent stake in Benetton Giyim to the Benetton Group, according to a company statement issued July 20. The deal is subject to the approval of the Competition Board in Turkey, but Benetton stores in Turkey will continue its services without interruption. Benetton Giyim operates 121 stores in Turkey, the Central Asian Turkic republics, and Turkish Cyprus. Benetton Turkey ...

My name is SEMIHA UNAL .. I am a business consultant and founding director of consultancy company called S4U (Solutions For You) based in Istanbul, Turkey. You can have detailed information about my career and past achievement on MY WEB PAGE I have been following this website (BTT) for a while and the editor of the site and I have agreed to combine our capabilities to provide foreign entrepreneurs intereste ...

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 ...

Cummins launches Turkish plant Cummins Inc, US-based manufacturer of diesel engines and engine components, has officially launched its diesel filter production facility in Turkey’s Izmir on the Aegean coast. The USD 70 million production facility located in the Aegean Free Zone (ESBAS) will initially employ 85 workers which will gradually reach 500 by 2015. “The selection of Turkey and Izmir has been a meti ...

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 ...

Ford has joined forces with Dow to produce a new generation vehicle, which they intend to lighten by 350 kilos. The composite that Ford and Dow engineers intend to use in their new designs will be produced by Turkey’s Aksa. With the decreasing petroleum reserves, coupled by the ripple in the metal industry's prices, the automotive industry is pushing their administrators to come up with innovative ideas. Wh ...

With the announcement of the new incentives system, U.S. firms Pepsi, General Electric, 3M, Kimberly-Clark and Quest Diagnostics have all decided to invest in Turkey. VISITING THE WORLD'S TWO LARGEST ECONOMIES After his recent trip to China, Turkey's Minister of Economy Zafer Çağlayan has now begun his schedule of meetings in the United States. Çağlayan met with a number of administrators from leading Ameri ...

Turkey’s industrial production index climbed 4.4 percent in February, figures show. Some analysts call it a sign of soft landing, while others draw attention to the role of base effect. The energy, chemical and textile sectors posted strong performance, professionals note. The data is proof of stability, according to the industry minister An unidentified employee is seen working at a chemical dye plant in t ...

Asian automotive companies see Turkey as a jump pad for entry into developed markets, a survey conducted by KPMG shows. The international auditing and consultancy firm’s annual “Global Automotive Executive Survey 2012” points out that Turkey is the location of choice for a production hub for car makers from Asia. Executives from global automotive companies forecasted expansion for the industry until 2016, w ...

Speaking at a meeting held by the Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT) with CEO’s from a series of South Korean mega firms, Prime Minister Erdoğan stated, “There are serious investment opportunities in Turkey. Don’t be too late, come and invest. We will facilitate investments in every way, including lifting bureaucratic obstacles.” While in Seoul to attend the Nu ...

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 ...

Founded by I.Vedat Gora in 1969 Murat Ticaret Kablo Sanayii Ltd. is Turkey's leading supplier today, for electrical connection components and distribution systems for commercial vehicles. With operations in Istanbul and Inegol (Bursa), Murat Ticaret manufactures hundreds of products that set the standards for "Quality", from traditional connectors  and signal switches to automotive distribution systems. The ...

Many sectors in Turkey today lag behind their counterparts in developed countries in profitability.  This trend can be seen in industrial sectors. Profits are nearly 2-3 times lower than in developed countries. One of these sectors is timber and forestry products. "In 2004, the net profit rate was between 18 and 33 percent," says Bülent Aymen, the head of the Mediterranean Timber and Forestry Products Expor ...

Petkim, Turkey's only producer of petrochemicals exports its products such as benzene, C4, AYPE, P-X and pygas to 60 countries in the world. Petkim is the second largest exporter of Turkey in chemical industry. Founded in 1965, it has been operating modern facilities in Izmir Aliağa, since 1985. In a campus on an area of more than 1900 hectares there are 15 major production plants and 8 auxiliary facilities ...