Invest News DetailBugun – The high-speed train plant founded by Eurotem, a Turkish-Korean joint venture, in Adapazari has started production. New wagons of Istanbul subway will be the first products of the plant which costed $15 million. The plant, where 120 persons are employed and 30% local products are used, has already started the wagon production. Eurotem, whose principal partner is the South Korean high-speed train producer Hyundai Rotem, has started producing the new wagons for Istanbul subway in this plant, which was founded with the partnership established with TCDD and ASAS in 2006, as part of the initial production stage. Within the framework of the tender for Istanbul subway called for by Istanbul Metropolitan Municipality and won by Eurotem, the plant is producing a subway set of 92 vehicles. The first set will be completed at the end of August and plant will officially be opened during the train delivery ceremony. GilYoung Chung, General Manager of Eurotem, has announced that 23 trains with the capacity of 92 vehicles whose production is still on the way will be working on the Levent-Yenikapi route. Stating that production operations for 20 wagons are simultaneously being carried out in the production division of the plant, Chung has expressed that, beside subway vehicles, 96 wagons for TCDD will also be produced in the plant in Adapazari. In the plant, where $15 million has been invested, 120 persons are currently working and vehicles are produced using 30% domestic material. Emphasizing that panels and seats used in the vehicles are totally Turkish sub-industry products, General Manager Chung, has stated that Koreans are quite pleased with domestic goods. Chung has stated that employees at the plant are all Turkish except for 20 Koreans and added that total number of employees of the plant which is 120 at the moment will reach 160 within one month. Chung has emphasized that the plant which covers an area of 8000 square metres closed area and 30,000 square metres area in total, has an annual production capacity of 200 wagons. As a result of the continuing growth in the Turkish market, a move has also been made to produce main bodies. A new plant will be founded with an investment of $15 million.