Four Chinese companies plan more than USD 400mn investment in Turkey.

By bne IntelliNews December 1, 2010
Industry and trade minister Nihat Ergun says that four Chinese firms plan more than USD 400mn in Turkey. Ergun details that carmaker DFM mulls USD 300mn investment in Izmir, heavy machinery producer Liugong plans USD 60mn investment in Corlu and producer of construction and road machinery Sany plans USD 40mn investment. Ergun asserts the amount of the investment a fourth Chinese firm, namely carmaker BYD, plans in the country is not known yet. Plants to be established by the Chinese firms are expected to become operational in 2013, according to Ergun.

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