9/3/2008

The Arabians purchased Elimsa

Kocaeli Demokrat – 79% of Elimsan, which is one of the most important firms of Kocaeli attracting attention especially with its works on generating energy from hydrogen, was purchased for $50 million y a Saudi Arabian firm named Saudi Cable. Until the end of the year, the employment of the firm will be increased by 100 people and reach 400. Saudi Cable, which ranks 5th in cable production worldwide, will also blaze a trail in the field of hydrogen energy with Elimsan.