Mercedes to invest 35 mln Euro in Turkey in 2011

Mercedes-Benz will invest 35 million Euro in Turkey in 2011, an executive of the company in Turkey said on Monday.

Mercedes to invest 35 mln Euro in Turkey in 2011

Mercedes-Benz will invest 35 million Euro in Turkey in 2011, an executive of the company in Turkey said on Monday.

Wolf Dieter Kurz, the chairman of the Mercedes-Benz Turk Board of Directors, said the company was planning to invest 35 million Euro in Turkey in 2011.

"We mode 30 million Euro investment in Turkey in 2010, and automotive market was above our expectations," Kurz said at an annual assessment meeting in Istanbul.

Kurz said Mercedes-Benz Turk sold 29,663 vehicles and broke a record in 2010, and particularly invested in its Hosdere factory in 2009 and 2010.

The company would improve its lorry factory from now on, and would allocate 25 million Euro to that factory, Kurz said.

Kurz also said Mercedes-Benz Turk would invest 5 million Euro more in the Hosdere factory, and 3-5 million Euro on R&D.

The Mercedes-Benz Turk has made 670 million Euro investment since it was established in 1967. It is the 22nd biggest company and the 16th biggest exporter in Turkey.

The company has manufactured 59,000 buses and 132,000 lorries since 1967.


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Last Mod: 17 Ocak 2011, 14:47
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