5/10/2018

Germany’s Thyssenkrupp opens escalator factory in Kocaeli

Another groundbreaking investment in Türkiye! Germany’s Thyssenkrupp Elevator opened an escalator production facility in Kocaeli as part of a EUR 20 million investment. The move positions Türkiye 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 Türkiye is treated as a local company.”

 

ISPAT President Arda Ermut – “Thyssenkrupp’s investment indicates Türkiye’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 Türkiye CEO Turgay Şarlı – “Having operated for many years via its sales office in Türkiye, Thyssenkrupp once again demonstrates its confidence and commitment to Türkiye 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 Türkiye’ 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 Türkiye’s mission.”
Image of Thyssenkrupp's New Factory
thyssenkrupp; investment; ispat; kocaeli; factory