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Turkish Borusan Holding Company allocates 818 million US dollars for investment in 2022-2024

by John Pierce
July 3, 2023
in Business
2 min read
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Turkey’s Borusan Holding plans to invest 12 billion Turkish liras ($818 million) in She said that the period from 2022 to 2024 on Thursday, as it aims to improve core business and growth in Other sustainable export-oriented sectors.

The company evaluates organic and inorganic investment opportunities in new Industry-based and sustainable sectors and growth and export orientation in a permit.

Purosan Holding Company which has interests in The steel, logistics, energy and other sectors target a consolidated 82 billion Turkish liras net sale this year up from 47 billion in 2021, group company CEO Erkan Kvadar said.

he is also . said news The conference that the company wants to do business in construction sector in United State , in In addition to their presence in energy sector.

“In 2021, we both had a strong experience financial Successes and identification new road map with The goal of Being a 200year old company.” Kafder said, adding: As we are move towards this goalwe plan not only catch up with present, but also Anticipate and implement business models, talents, and methods of Action of The future. we’ve got drawn Detailed roadmap for ourselves in in order to achieve our goals.”

He referred to it as part of This is the roadmap that leads to economies of The futurethey will first transform and development main fields of Activity.

“for us next The road will grow in nearby business regions then to move from the direction of new fields of Activity using The valuable experience we’ve got.”

“In the last The theater of for us growth There is a corporate approach venture The capital we are going to put under a different structure. We will invest in Business with growth under this roof.

Borusan Mannesmann unit of the company recently announced $50 million investment in The United States to increase production capacity.

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