Dünya - A world leader in battery solutions, GS Yuasa Corp of Japan, has entered into a partnership agreement with the Turkish battery manufacturer, Inci Aku. Following a Memorandum of Understanding that was signed last April, talks between the two companies have reached a successful conclusion with the signing of the partnership agreement announced on the Inci Aku website.
According to the deal, to bolster its presence in the region, GS Yuasa will invest in Turkey while Inci Aku will benefit from the Japanese company’s strong global presence and product diversity to increase its market share.
According to the statement on Inci Aku website, the equal-share Turkish-Japanese joint venture will operate under the Inci GS Yuasa brand, aiming for domestic and regional leadership in battery products.
“With its strategic location and strong industrial capacity, Turkey is a key player in a region where GS Yuasa intends to expand its footprint. The partnership deal with Inci Aku is very important in this respect”, GS Yuasa President Osamu Murao said about the deal. He added that Inci Aku’s production facilities in Manisa would become a manufacturing base for GS and Yuasa branded-products as well.
The financial details of the deal have not been disclosed.