6/25/2008

Guardian Industries to invest in Izmir

Today’s Zaman - The US-based Guardian Industries, one of the leading automotive glass producers in the world, plans to invest in Izmir in cooperation with the BTM Corporation, one of Turkey's leading companies in waterproofing and thermal insulation. BTM CEO Levent Urkmez, speaking with the Anatolia news agency, said his company has acquired the rights to be the Guardian Industries Middle East and Turkey representative and added that BTM will be producing insulation materials in Izmir in three to four years as part of the agreement they signed with their American partner. Urkmez said BTM plans to bring one of Guardian's best patented products to Turkey and added: "This system is 25 percent cheaper and 10 percent more efficient than other insulation systems. We informed Guardian officials about the Turkish and Middle Eastern market during our negotiations and emphasized the importance of investing in Turkey. As a result of these negotiations we decided to import their products in the first phase, and in three to four years we will begin to produce this product in Izmir in cooperation with them. This way we will both provide employment in Izmir and introduce Turkey to the latest in insulation technology."

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