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.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335