8/12/2009

Chinese carmaker Dongfeng to invest in Turkey

Zaman - While the effects of the global financial crisis are still being felt worldwide, foreign investors continue to express great interest in Turkey. After the South Korean company POSCO’s decision to invest in a steel mill in Bursa, another Asian investor, Chinese carmaker Dongfeng Motor Corp. (DFM), finalized its investment plan following President Abdullah Gul’s visit to China. One of the biggest carmakers in China, DFM will build a plant in Turkey to manufacture commercial vehicles. The total investment is expected to be around USD 250 million, with the probable locations for the investment being Konya, Gebze and Izmir. By investing in Turkey, DFM plans to expand its operations to Europe, the Middle East and North Africa.