Turkey's Boydak says to invest $one bln in renewable energy sector

Boydak Holding operates in sectors of furniture, textiles, chemistry, marketing, iron-steel, logistics and informatics.

Turkey's Boydak says to invest $one bln in renewable energy sector

Boydak Holding's CEO Memduh Boydak said on Tuesday that the holding planned to invest one billion USD in renewable energy sector.

We are planning to make this investment within two years and by using 40 percent of our equities, he added.

Boydak Holding operates in sectors of furniture, textiles, chemistry, marketing, iron-steel, logistics and informatics.

The holding had 11,000 personnel, 27 companies in seven different sectors, 5,000 offices abroad and 2,000 branches in Turkey, and it exported products to more than 100 countries.

Boydak said that the holding's net profit was 319.8 million TL, and it invested 15 million TL in research & development and environment in 2009. He added that the holding made 406 million USD of export last year. (1 USD = 1.495 TL)

Holding's executive board chairman Haci Boydak also said that they provided employment to more than 600 people in 2009, and they were planning to employ 500 more people in 2010.

The holding was established in Turkey's central Anatolian province of Kayseri in 1957.


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Last Mod: 04 Mayıs 2010, 13:40
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