Türkiye, located at a key level for international commerce and investments, attracted vital capital in numerous areas this yr, from automotive and manufacturing to renewable vitality and provide chains.
Companies in numerous sectors determined to put money into Türkiye, whereas some introduced their choices to extend their present investments, in line with the data compiled by Anadolu Agency (AA).
These corporations stand out with their actions in numerous sectors, from manufacturing to the metallic trade, from shopper electronics to well being care gadgets.
In this context, Brazilian firm WEG S.A. just lately introduced it should make investments roughly 28 million euros ($29.1 million) to construct a gearbox manufacturing unit within the Aegean province of Manisa.
The funding, which goals to fulfill the demand within the gearbox market and enhance the corporate’s manufacturing capability for parts, is deliberate to be accomplished by 2027, growing the manufacturing of gearboxes outdoors Brazil.
The new manufacturing unit will likely be established in a 12,000-square-meter constructing in Manisa.
The facility is predicted to offer gross sales integration with industrial electrical motors produced in Türkiye and the gearbox manufacturing unit in Austria.
WEG Group Türkiye, which presently employs 750 individuals in Türkiye, expects to create 150 new job alternatives with the brand new investments.
This deal, introduced earlier in December, follows a $1 billion funding by Chinese EV big BYD in Manisa, which, together with Bursa, is without doubt one of the key automotive facilities in Türkiye.
Metal, metal sectors
On the opposite hand, Teknik Aluminum Industry Joint Stock Company, which operates within the metallic sector, plans to speculate roughly $384.9 million within the aluminum manufacturing unit to be established in Tekirdağ province of Türkiye.
Moreover, Tosyalı Toyo Steel Joint Stock Company introduced its choice to extend capability within the manufacturing of tin merchandise. The firm goals to understand a capability enhance of roughly $200 million.
China-based Kaishan Group, one of many world’s largest compressor producers, introduced its choice to speculate $1 billion in Türkiye’s western Izmir province.
The firm, which plans to fee the manufacturing unit earlier than 2026, will make use of greater than 200 individuals within the first section of the undertaking and 500 individuals within the factories will plan to provide spare elements.
BSH, which operates within the residence home equipment sector, introduced an funding plan of 110 million euros within the nation this yr and roughly 500 million euros in 5 years.
China-based Haier Europe opened an roughly 70-million euros cooker product group manufacturing facility within the central province of Eskişehir.
At the identical time, SDF Group commissioned a brand new 10,000-square-meter manufacturing unit in Balıkesir province, specializing in the “FARMotion” engine product.
South Korea-based MegaGen, one of many world’s main dental implant producers, introduced its choice to speculate $15 million in Türkiye within the first section and $100 million in 5 years.
Renewable vitality
In addition to the aforementioned investments, a number of corporations additionally introduced investments in Türkiye within the fields of renewable vitality and digital parts sectors in sustainability.
Germany-based Nordex Group, one of many main gamers within the subject, introduced its choice to speculate 1 billion euros in growing its onshore wind energy plant investments in Türkiye.
Furthermore, China’s Ganfeng Lithium, one of many world’s largest lithium battery producers, signed an settlement with Yiğit Akü to speculate $500 million in Türkiye.
Gotion Group signed an settlement with Alarko Holding for vitality storage techniques and battery manufacturing in Türkiye. As a results of the funding, which is predicted to be roughly 300 million euros, 400 individuals will likely be employed.
China-based vitality firm Eve Energy introduced its plans to ascertain a three way partnership with Aksa Generator for vitality storage operations.
Additionally, Borusan EnBW Energy and Nordex Group signed a 36-megawatt (MW) turbine provide and upkeep contract for the Balabanlı Wind Power Plant capability enhance undertaking. The corporations additionally introduced an 80-megawatt wind energy funding in Sivas province.
Kontrolmatik Energy and Engineering JSC additionally signed an settlement with China’s Harbin Electric Co. Ltd. to construct a one-gigawatt-hour capability vitality storage facility and a 250-megawatt capability wind energy plant in Tekirdağ.
The whole funding value of the undertaking is estimated at $600 million.
Similarly, Rönesans Energy will construct a wind energy plant to extend its investments in three provinces. The firm has secured financing of $165 million with a 15-year maturity with the assist of Germany’s export credit score assure.
The firm additionally introduced its first solar energy plant funding.
HT Solar Energy JSC introduced an roughly $50 million funding in producing parts for photo voltaic panels.
Product provide investments
While Türkiye has turn into the “connection point” for investments in numerous sectors, corporations have additionally invested within the nation to hurry up the provision of merchandise.
In this context, Mercedes-Benz Türk established a consolidation heart within the Aksaray province.
Mubea Aviation, one of many product suppliers of European aviation and plane manufacturing firm Airbus, opened its second manufacturing unit, additionally within the northwestern province of Tekirdağ. The quantity of the funding inside this scope was calculated at $48.9 million.
Alp Aviation, which operates within the aviation and area trade, introduced enlargement investments of $32.5 million, and the subsidiary of Turkish Aerospace Industries (TAI) – TUSAŞ Engine Industries Inc. (TEI) introduced enlargement investments of $33.2 million.
Meanwhile, TEI introduced an roughly $9.7 million funding to provide a brand new technology fuel turbine in Eskişehir.
Investments assist development
“Türkiye has been the choice of investors in critical sectors such as manufacturing and renewable energy in 2024,” Burak Dağlıoğlu, head of Türkiye’s Investment Office, instructed AA.
“It has become one of the important connection points in the global economic balances. These investments, while supporting economic growth, allow us to take important steps toward making Türkiye a global player in sustainable and innovative sectors,” he added.
Source: www.dailysabah.com