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ANADOLU ISUZU INKS A EUR 12.7M EXPORT DEAL

ANADOLU ISUZU INKS A EUR 12.7M EXPORT DEAL

Truck and bus manufacturer Anadolu Isuzu, which won the tender in April from the Municipality of Chisinau in Moldova for the procurement of 100 buses, has now signed an agreement worth nearly EUR 12.7m, according to a statement from the company. The tender includes the delivery of 100 units of Citiport buses and after sales...

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AKKOK HOLDING TO ACQUIRE EPSILON KOMPOZIT

AKKOK HOLDING TO ACQUIRE EPSILON KOMPOZIT

Akkok Holding has signed a purchase agreement to acquire a 51% share in composite parts manufacturing company Epsilon Kompozit, according to a statement from the company. 51% of Epsilon’s shares will be taken over by Akkok Holding and its main partners ARD Holding and NDC Holding following the approval of the Competition Authority. “Our goal...

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IGSAS TO INVEST USD 200M

IGSAS TO INVEST USD 200M

BY MEHMET HANIFI GULEL Istanbul Gubre Sanayii AS (IGSAS), Yildizlar Yatirim Holding’s subsidiary operating in the fertilizer industry, will make two investments worth USD 200m in total, according to Ilkay Unal, General Manager of IGSAS. The company started production in its potassium nitrate facility in Kutahya during the pandemic. IGSAS aims to increase its turnover...

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DIMES EYES 20% GROWTH IN DOMESTIC MARKET

DIMES EYES 20% GROWTH IN DOMESTIC MARKET

BY MUBERRA TASCI The country’s first domestic capital fruit juice manufacturer DIMES aims to grow by around 20% in the domestic market this year, according to Duygu Suleymanoglu, Marketing Director of DIMES. The company employs nearly 700 people while nearly 60,000 farmers are included in its ecosystem. “We invested around TRY 30m in R&D, machinery,...

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SANMAR BUILDS ENVIRONMENTALLY-FRIENDLY FLEET

SANMAR BUILDS ENVIRONMENTALLY-FRIENDLY FLEET

Operating in the shipbuilding industry, Sanmar Denizcilik builds high-tech and environmentally friendly tugboats and provides maritime guidance services. The company is the largest global partner of the naval architecture and marine engineering firm Robert Allan (RAL) in tugboat design. Sanmar has built nearly 250 tugboats designed by RAL and has exported its products around the...

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AKSA JENERATOR TO GROW WITH NEW SMART FACTORY

AKSA JENERATOR TO GROW WITH NEW SMART FACTORY

BY HASAN KUS Kazanci Holding subsidiary Aksa Jenerator aims to increase capacity and product quality by manufacturing in line with Industry 4.0 standards at its new smart factory. The company will triple its existing production capacity with its new production plant, according to Abidin Volkan Karacali, Marketing General Manager of Aksa Jenerator. “We’ll continue to...

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EXTERNAL LOAN PORTFOLIO OF ILBANK EXCEEDS EUR 3BN

EXTERNAL LOAN PORTFOLIO OF ILBANK EXCEEDS EUR 3BN

The external loan portfolio of Ilbank, the development and investment bank established in 1933 to support the development of municipalities after the Turkish War of Independence, has exceeded EUR 3bn in 2021, according to Yusuf Buyuk, General Director of the bank. “We enhance our local governments’ loan capabilities with international financing through maturities up to...

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THE BAN ON IMPORTS OF POLYETHYLENE WASTE ENDS

THE BAN ON IMPORTS OF POLYETHYLENE WASTE ENDS

BY MERVE YIGITCAN The ban on the import of polyethylene waste, which caused huge controversy, is being lifted with stricter inspection practices. Deputy Minister of Trade Mustafa Tuzcu hosted a meeting, according to sources, at which Deputy Minister of Industry and Technology Hasan Buyukdede and Deputy Minister of Environment and Urbanization Mehmet Emin Birpinar were...