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KORKMAZ ENES ERGUN NAMED CEO OF BORSA ISTANBUL

KORKMAZ ENES ERGUN NAMED CEO OF BORSA ISTANBUL

Korkmaz Enes Ergun has been appointed the CEO of Borsa Istanbul Stock Exchange. Ergun has managed the evaluation of many companies’ initial public offerings and the examination of listed companies and their market activities during his 24-year stock exchange and capital markets career. Ergun graduated from Ankara University’s Department of Business Administration in 1997 and...

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MAYSAN MANDO SIGNS UN GLOBAL COMPACT

MAYSAN MANDO SIGNS UN GLOBAL COMPACT

Maysan Mando, Turkey’s first shock absorber producer, signed the United Nation’s (UN) Global Compact, which encourages business around the world to adopt sustainable and socially responsible policies within the frame of 10 universal principles, including human rights, working standards, environmental awareness and the fight against corruption. In doing so, Maysan Mando committed to taking part...

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ROMATEM PLANS TO INVEST USD 10M THIS YEAR

ROMATEM PLANS TO INVEST USD 10M THIS YEAR

BY ZEHRA ORUC Rehabilitation hospital group Romatem plans to invest USD 10m in nursing and rehabilitation centers, according to Sinem Camur, Administrative Vice President and operational Director of Romatem Health Group. The group has physical therapy and rehabilitation hospitals in Bursa, Kocali and Samsun as well as a clinic in Istanbul. Romatem has made USD...

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DINCER LOJISTIK TO INVEST TRY 100M

DINCER LOJISTIK TO INVEST TRY 100M

Dincer Lojistik plans to invest TRY 100m this year for an extension of its distribution and storage network, according to a statement by the company. The company manages 97% of its distribution volume through its own network and vehicle fleet with the new transfer centers and regional storage spaces launched recently. Dincer Lojistik has completed...

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DOLCE VITA TO INVEST EUR 2.5M IN NEW FACILITY

DOLCE VITA TO INVEST EUR 2.5M IN NEW FACILITY

BY MEHMET HANIFI GULEL Bespoke carpet manufacturer Dolce Vita plans to set up a carpet production plant based on carpet weaving automation in Izmir, according to Metin Taskiran, Chairman of the Board of Directors of Dolce Vita Hali. The investment will amount to around EUR 1m in the first stage and reach nearly EUR 2.5m...

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BERA HOLDING GROWS DESPITE PANDEMIC

BERA HOLDING GROWS DESPITE PANDEMIC

BY IBRAHIM CICEKCI Bera Holding increased its sales revenue by 25% to TRY 2.8bn in 2020, compared to the previous year, according to the company’s 12-month consolidated activity report. The company’s gross income rose by 60% to TRY 732m in the same period. Bera Holding’s net profit for the period increased by 600% to TRY...

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TEKNOPANEL EYES USD 30M EXPORT THIS YEAR

TEKNOPANEL EYES USD 30M EXPORT THIS YEAR

Teknopanel is targeting USD 30m in exports in 2021, according to Orhan Kahveci, the sandwich panel manufacturer’s General Manager. The company continued its manufacturing without interruption and quickly responded to orders with the help of measures taken during the pandemic. Both Teknopanel’s sandwich panel and expanded polystyrene foam (EPS) manufacturing rose by 50% in January...

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PRODINOX METAL TO LAUNCH NEW FACILITY

PRODINOX METAL TO LAUNCH NEW FACILITY

BY KUBRA OGURLU Project-based steel, machinery and equipment manufacturer Prodinox Metal will complete a new facility investment this year, according to Baran Ozarman, the company’s General Manager. The facility is located on an area of 10,000 square meters. After growing by 40% in 2020, the company also made office investments and relocated several of its...

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STARAX CONSIDERS NEW BRANCH IN THE U.S.

STARAX CONSIDERS NEW BRANCH IN THE U.S.

Operating in the furniture accessories sector, Starax aims to set up a new company in the U.S., according to Tekin Cinar, Chairman of the Board of Starax Mutfak ve Mobilya Aksesuarlari. The company uses the inch as its unit of measurement and is developing products specific to the region as well as conducting R&D and...

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EVCIL GROUP TO INVEST USD 40M IN SPPS

EVCIL GROUP TO INVEST USD 40M IN SPPS

BY HUSEYIN GOKCE Operating in the electricity contracting sector, Evcil Group aims to invest USD 40m in solar power plant (SPP) projects year-round, according to Mustafa Evcil, General Manager of Evcil Solar Enerji. The company completed the 6 MW SPP installation in Hungary. Evcil Group plans to adopt a 50MW investment in India. Alongside another...