5/8/2009

Heavy machinery sector aims to be new production hub in Europe

Dunya – Turkey’s rapidly developing heavy machinery sector attracts the interest of manufacturers in developed countries, particularly those in Europe. The issue was also discussed at the INTERMAT 2009 Fair, where heavy machinery manufacturers from all over the world gathered. The manufacturers and market players pointed out that Turkey is emerging as a strong alternative to the European machinery and metals industry, which is experiencing hard times due to the decrease in competitiveness and costly production. According to market players, production costs in Turkey are far below those in Europe, and China is losing attractiveness as a production center, which altogether will play a role in the move of the European heavy equipment production areas to Turkey.