TURK TRAKTOR INCREASES MANUFACTURING BY 51%

Turk Traktor, a Koc Holding subsidiary, increased its production by 51% in 2020, compared to the previous year, according to the company’s financial results. Accordingly, the company manufactured 34,337 tractors in 2020 and carried out 68% of the country’s total tractor manufacturing. Turk Traktor also raised its turnover by 64% in 2020, compared to the previous year. Thus the company closed 2020 with a turnover of TRY 6.2bn. On the other hand, the net profit of the company totaled TRY 776m in 2020. The company prioritized support for farmers in order to provide sustainability in the food supply against the conditions created by the pandemic, according to Aykut Ozuner, CEO of Turk Traktor.