10/27/2008

An investment of $30 million by Oschatz in Kocaeli

Hurriyet – Oschatz, a technology giant and market leader of its sector, based in Germany producing plants, projects and infrastructure for iron and steel, non-ferrous metal processes, chemistry, petrochemistry and fertilizer industries at a worldwide level, will make a new investment in Turkey as part of its growth strategies. According to the joint declaration by Prime Ministry Investment Support and Promotion Agency and Oschatz Energy and Environmental Protection Facilities, the new investment of a total of $30 million that will be made in Kocaeli Free Zone is to provide job opportunities for 450 persons. Alpaslan Korkmaz, President of Investment Support and Promotion Agency, said, "We see that the expansion projects of existing international investors are of great importance against the context of current global agenda. The expansion project of Oschatz on which we, as Investment Support and Promotion Agency of Turkey, have been working for the last 5 months is a good example of this."

ENGLISH