Finance

Siemens Turkey exports across 5 continents

By Gokhan Yildiz

KOCAELI, Turkey

Siemens Turkey exports to more than 80 countries across five continents, the company’s CEO Huseyin Gelis said on Thursday.

The company’s integrated production plant investment has reached 65 million euros ($77.1 million), Gelis said, at the launch of the company’s new plant in Turkey’s leading industrial city Kocaeli.

The ceremony was attended by Turkey’s Science, Industry and Technology Minister Faruk Ozlu.

Siemens Turkey’s exports will reach 110 million euros in 2018 ($130.5 million), Gelis said. 

He added the company will contribute to Turkey’s economy with 100 million euros ($118.7 million).

The company’s new plants, which will produce electrical equipment, will employ a thousand people directly and indirectly, he said.

He said that the company’s R&D investment was 27 million euros ($32 million) in 2017 and it will rise 25 percent to 34 million euros ($40.3 million) in 2018.

“We trust Turkey’s power and future and we know that Turkey also trust Siemens,” he added.

Siemens — which employs over 2,600 people in Turkey — began operations in the country in 1856. It currently operates in various sectors in the country from energy to transportation.


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