Schneider Electric to invest EUR 50 million in Turkey

Dunya – The French energy technologies group Schneider Electric, having recently made Turkey the head office for its operations in 16 countries throughtout Asia and Europe, will reflect its confidence in Turkey by continuing its investments. Turhan Turhangil, General Manager of Schneider Electric Turkey, said, “Our performance in Turkey is closely monitored by our headquarters. Our success is backed by our investments. We will continue growing in Turkey”. Turhan Turhangil stated they will invest EUR 50 million in Turkey within three years. He also noted that both the new facility to be constructed on the newly acquired 60,000 square-meter land in Manisa Organized Industry Region and the existing one in Izmir will start manufacturing activities by the end of 2009. Turhangil added they will move the Izmir factory to these facilities, thus expanding their working area.