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TERRACO AIMS TO INCREASE EXPORTS BY 30%

TERRACO AIMS TO INCREASE EXPORTS BY 30%

Sweden-based Terraco Group, a paint and construction chemicals company with 18 production facilities in 11 countries, has raised its targets for Turkey. The company has been in operation in the Eskisehir Organized Industrial Zone (OIZ) for 33 years. “We have reached 80% of our targets for 2020 despite the pandemic and the contraction in the...

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THE FIRST PHASE OF LOCAL 5G COMPLETED

THE FIRST PHASE OF LOCAL 5G COMPLETED

The first phase of ‘the End-to-End 5G Communication Project’ will be completed on March 31, 2021, according to Global Telecom and Integrated Technologies Incorporated (GTENT). Founded as a joint venture of 10 companies, GTENT will manufacture hardware both for Turkey and for export and is ready for software production with products such as 5G new...

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POS A.S. GOES ABROAD WITH “GENIUSOPEN”

POS A.S. GOES ABROAD WITH “GENIUSOPEN”

POS A.S., the tech solutions company providing services to the retail sector, has expanded abroad with GeniusOpen, a new generation sales system software. Gulumhan Akalin, the Deputy General Manager of POS A.S., announced that GeniusOpen started offering services abroad through Toshiba Commerce Solutions’ operating system TCxSky in the first months of 2020. One of the...

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AIR TRANSPORTATION PRICES SOAR

AIR TRANSPORTATION PRICES SOAR

Air transport services, a sub-sector of the services producer price index (S-PPI) increased by 66.7% on an annual basis in December 2020, according to the Turkish Statistical Institute. Meanwhile, the annual rise in S-PPI was 22.12%, contributing to the producer price index of 25.15% on an annual basis in the same month. S -PPI increased...

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THE BLOC EXPORT TRAIN PERFORMED THE FIRST VOYAGE TO RUSSIA

THE BLOC EXPORT TRAIN PERFORMED THE FIRST VOYAGE TO RUSSIA

The first ‘bloc export train’ between Turkey and Russia has arrived at the final stop near Moscow. Departing from Ankara on January 29, the train took the Baku-Tbilisi- Kars (BTK) railway line to Russia’s Kaluga region. Nearly 4,000 units of white goods manufactured by BEKO were carried by the train in a total of 15...

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ALPER AKYUZ BECOMES OMNICHANNEL DIRECTOR OF BELLA MAISON

ALPER AKYUZ BECOMES OMNICHANNEL DIRECTOR OF BELLA MAISON

Alper Akyuz has been named Omnichannel Director of Bella Maison as of February, 2021, according to a statement by Bella Maison. Joining the Bella Maison team to scale up e-commerce operations and the online home category of the company, Akyuz will be responsible for various fields including online customer experience and product management apart from...

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ITUNOVA TTO WELCOMES AS NEW GM

ITUNOVA TTO WELCOMES AS NEW GM

Hayri Ozturan has been appointed General Manager of ITUNOVA Technology Transfer Office (TTO), which was established in January 2014 by Istanbul Technical University (ITU) as the interface for technology transfer. Ozturan graduated from ITU’s Department of Aeronautical Engineering in 1997. He worked for the Turkish Air Force, Bosch, Idelab, and Turkish Tecnic in quality, costumer,...

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YUNSA RECEIVES TPM EXCELLENCE AWARD FROM JAPAN

YUNSA RECEIVES TPM EXCELLENCE AWARD FROM JAPAN

Yunsa, the integrated high-segment wool fabric manufacturer, was awarded the TPM Excellence Award by the Japan Institute of Plant Maintenance (JIPM) for the “Total Productive Maintenance” activities it has been carrying out since 2012. Yunsa became the only textile company in Turkey to receive the prestigious award. The company’s management model differs from others in...

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BAYMAK’S REVENUES RISE BY 30%

BAYMAK’S REVENUES RISE BY 30%

50-year old heating and air conditioning company Baymak grew by 30% in 2020 after surpassing its target revenue of TRY 1 bn by TRY 90 million, despite the negative effects of COVID-19, according to Ender Colak, CEO of Baymak. Colak said that the company has ambitious targets for 2021 including investments on renewal of boiler...

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CAGLAYAN CETIN BECOMES PRESIDENT OF TRENDYOL

CAGLAYAN CETIN BECOMES PRESIDENT OF TRENDYOL

Caglayan Cetin has been appointed the President of Trendyol Group, according to a statement from the company. Cetin will lead new strategic initiatives, investor relations and overall growth strategy. Cetin is the co-founder of Dome Group, the first Turkish investment bank based in London. Cetin has 20 years of experience in the global finance industry....

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