Another groundbreaking investment in Turkey! Germany’s Thyssenkrupp Elevator opened an escalator production facility in Kocaeli as part of a EUR 20 million investment. The move positions Turkey as a central hub in escalator exports to the region.
Deputy PM Fikri Işık – “Employment in the manufacturing industry is integral to sustainable employment. We do not distinguish between foreign and local investors; every company, like Thyssenkrupp, that invests in Turkey is treated as a local company.”
ISPAT President Arda Ermut – “Thyssenkrupp’s investment indicates Turkey’s significance in the eyes of foreign investors. With an initial annual capacity of 1,200 units and initial localization rate of 50% and up to 90% at later stages, the facility will lessen our dependency on imports.”
Thyssenkrupp Elevator Turkey CEO Turgay Şarlı – “Having operated for many years via its sales office in Turkey, Thyssenkrupp once again demonstrates its confidence and commitment to Turkey with the inauguration of this facility. We will not only expand, but we will also drive other Turkish companies to grow.”
Thyssenkrupp Elevator Global CFO Ercan Keleş – “Our ‘Made in Turkey’ escalators will build upon the ‘local and national’ concept. Turkish engineers and workers in Thyssenkrupp’s new facility will enable the transfer of technology and pass our know-how on to Turkey’s mission.”