Turkish Daily News - The world's leading car, truck and construction equipment manufacturing giant, the Volvo Group, has chosen Turkey as its regional hub for future investments.
The CEOs of the Volvo Group companies, such as Volvo Construction Equipment, Renault Trucks, Nissan Diesel, and Volvo Financial Services were all in Turkey for talks in Istanbul and Ankara with businessmen and government officials.
“We consider Turkey as a center to distribute our products to the Middle East and the Caucasus. As a first step we have decided to establish an assembly factory for Renault Trucks,” Leif Johansson, president and the CEO of the Volvo Group, told the Turkish Daily News, in an exclusive interview. The trucks that are manufactured in factories in France and Spain are assembled in 11 different countries. Turkey will be the 12th, according to Johansson.
“For us Turkey is already a member of the European Union. We do not pay very much attention to the discussion on whether Turkey should be in or not. I believe that Turkey will surely enter the club. What is important is the country's performance,” he said. “Speaking business-wise, we are very happy with our performance in Turkey. We would like to make more investments in Turkey,” he said. “Who could have thought 10 years ago that Turkey would be one of the leading bus manufacturers and spare part suppliers? But Turkey now is. And we, as the Volvo Group, are laying out our strategies toward Turkey on this fact” Johansson stated.