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Turkey eyes growth by value-added Production: Varank

by John Pierce
July 3, 2023
in Business
3 min read
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Industry and Technology Minister Mustafa Varank said, Saturday, that the ministry aims to contribute to Turkey growth with the value-added Produce.

“We will focus on Works that will pave the way “We will develop our country through production,” he said at the opening ceremony. of Industrial Design and Prototyping Center of Istanbul room of Industry (IDEA4 Istanbul).

Varank was referring to investment of Allocation of nearly 20 billion Turkish liras for “project- Incentives based on ‘which includes production’ of Photovoltaic solar panels, hybrid cars, batteries, dishwasher capsules, maleic anhydride.

detail on the details of the four big Investments worth About 20 billion Turkish liras, Varank said Toyota will produce a plug-in hybrid car vehicle model in Turkey with investment of Almost 7 billion Turkish liras.

Smart Energy will make a serious investment in output of Solar panels start up with alloy. Turkish is currently The world’s fourth largest solar energy company panel the creator. We are number one in He said “Europe”.

varank also Highlight that maleic anhydrite was not produced in country before, but investors from Tatarstan will now produce it in Turkey.

He said that the buyer is ready and that “every kilogram” of This product made in-country will be used by our industrialists.”

“So far, we are cleaners use in Dishwashers are not produced in Turkey. One of Our companies have noticed the shortfall here and will make a very serious investment in Adana (province) and start Dishwasher Detergent Production in our country” added.

Noting that there great Pushing force in Industry in Turkish Varank said, “We in the operation of Growing Turkey with the value-added Produce. our goalThe program have set he is clear: investment, production, employment and export. We will focus on these areas.”

pointing out The energy crisis and recession expectations are stress on Industrialists, Varank emphasized that they also Trying to lighten the load.

Turkey is a country that knows how To grow through production, Varank said, adding: “European market serious matter market for us. besides world market I began to get acquainted with Turkey. Turkish industry will strive hard in Next period “.

The fixed investment amount of 7.6 billion Turkish liras expected for Smart Solar Energy Technologies R&D Inc. project in Western Izmir Province, which will create an additional 2,335 job opportunities. in the end of The four-year investment period, the goal is to produce photovoltaic solar panels with capacity of 2048 megawatts per year.

The project You will get exemption from VAT and customs duty Exemption, share and employer insurance premium qualified personnel and energy supportas well as investment location distribution. And so it starts from silicon Alloy production, large capacity will be reached in output of Photovoltaic solar cells, chips and panels in Country.

investment will be made By Toyota Automotive Industry Turkey in Update of Hybrid and rechargeable automobile and battery production facility in Western Sakarya Governorate. a fixed investment amount of 6.9 billion Turkish liras allocated to project Which is expected to create 57 job opportunities.

With this investment, it is expected to produce 162,000 hybrid and rechargeable vehicles and 44,000 batteries each year. Accordingly, Scaria, which has significance place in Turkish car production and exports will increase its capacity in this field.

The investment will benefit from incentives such as value-added tax and customs tax exemptions.

Meanwhile, a fixed investment of It will be 657.4 million TL made within range of Dishwasher capsules production facility. You will reach the ability of 2.4 billion units per year.

within range of Incentives, VAT exemption, customs duty Employer exemption share of premium, qualified personnel and energy support will be provided to project.

strategic investment in The chemical industry will be manufactured by the owner of Petrokemya, Inc fixed investment of 3.2 billion Turkish liras for Maleic Anhydride Production Facility in West Kocaeli. in the end of Expected investment period of Three years, an additional 88 employees are expected.

Exemption from value-added tax, customs duty Exempting the employer from the insurance premium qualified personnel and energy support . will be provided for output of The above mentioned chemical industry product, which is used in various Products and applications.

in the end of During the investment period, the site will produce an estimated 50,000 tons of Maleic Anhydride Per year.

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