Izmir Business Club

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Rabia Rahimbayeva Group moderator Ambassador
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Auto Parts Manufacturer Gates to Invest in Izmir
Hi dear all,

The GATES Corporation - one of the world's largest manufacturers of automotive and industrial products, will build facilities in İstanbul and İzmir, with construction to start before the end of the year and production by 2010.

The Prime Ministry's Investment Support and Promotion Agency and officials from Gates, a subsidiary of Tomkins PLC, announced the investment in a news conference Saturday in Ankara. The facilities in the Gebze and Tuzla districts of İstanbul will serve as centers for gas liquids engineering and distribution, while the plant in the İzmir Free Trade Zone will focus on production of lubrication oil, pumps and belts for vehicles.

The facilities in Turkey will work primarily to satisfy demand from European markets, Gates President John Bohenick said at the news conference, noting Turkey's significance as a logistics center.

"In terms of both its quality labor force and strong supply industry, Turkey is really a very dynamic location for us," he said. "Besides, this country is a gradually developing production base for our customers."

Gates operates 60 plants in 25 countries. Its income in 2007 was $5.8 billion.

Alpaslan Korkmaz, president of the Investment Support and Promotion Agency, was also happy to announce Gates' entrance into Turkey. "Gates' project is what we call a 'greenfield' investment since it starts from ground zero," he said. "As the agency, we have offered them tremendous services, from A to Z."

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all the best,
Rabia Rahimbayeva
- 20 Oct 2008, 10:15 pm
Rabia Rahimbayeva wrote: > Hi dear all, > > The GATES Corporation - one of the world's largest manufacturers of > automotive and industrial products, will build facilities in İstanbul > and İzmir, with construction to start before the end of the year and > production by 2010. > > The Prime Ministry's Investment Support and Promotion Agency and > officials from Gates, a subsidiary of Tomkins PLC, announced the > investment in a news conference Saturday in Ankara. The facilities in > the Gebze and Tuzla districts of İstanbul will serve as centers for > gas liquids engineering and distribution, while the plant in the > İzmir Free Trade Zone will focus on production of lubrication oil, > pumps and belts for vehicles. > > The facilities in Turkey will work primarily to satisfy demand from > European markets, Gates President John Bohenick said at the news > conference, noting Turkey's significance as a logistics center. > > "In terms of both its quality labor force and strong supply industry, > Turkey is really a very dynamic location for us," he said. "Besides, > this country is a gradually developing production base for our > customers." > > Gates operates 60 plants in 25 countries. Its income in 2007 was $5.8 > billion. > > Alpaslan Korkmaz, president of the Investment Support and Promotion > Agency, was also happy to announce Gates' entrance into Turkey. > "Gates' project is what we call a 'greenfield' investment since it > starts from ground zero," he said. "As the agency, we have offered > them tremendous services, from A to Z." > > ------------------------------------------ > all the best, > Rabia Rahimbayeva

Izmir Business Club

Auto Parts Manufacturer Gates to Invest in Izmir