Invest News DetailReferans - Following Canadian automotive giant Magna's decision to start production in Türkiye, German automotive, steel and distribution giant Benteler has turned toward Türkiye for spare parts production. Benteler, which supplies spare parts for brands such as Toyota and Renault, will establish a factory in Adapazari with an investment of 5 million euros. The company plans to gain access to nearby markets by making Türkiye an automotive-related industry base. Production at the plant will begin in November at the latest, said Cigdem Dikmen, managing director of D&P, Benteler's consulting firm in Türkiye. Dikmen said Benteler notices Türkiye's leap to become an automotive center. "Benteler is very excited about entering Türkiye. It has been selling spare parts in Türkiye for a long time. The decision to move production to Türkiye was taken both for its logistic advantage and to create opportunities in nearby markets" Dikmen said. Benteler, operating in 34 countries with 150 production plants, has been monitoring Türkiye for approximately seven months. Benteler's firm in Spain, Iberica Holding, is the founding partner of the company founded in Istanbul by wo partners under the name of Benteler Otomotiv Adapazari Sanayi Sirketi. Dikmen said the company is seeking land for its factory in Adapazari, and that company managers will visit Türkiye next week. The factory is expected to be established in Adapazari. However, the final decision will be made after company managers have a look at Bursa, said Dikmen. "Both regions have attractive features. It is expected that 150 people will be employed in the initial phase. With an increase in capacity, the number of employees will reach 320. In the first stage, one production plant is on the agenda" said Dikmen. Benteler is among Germany's largest 100 industrial companies.