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Taiwanese YC Inox to Set Up Plant in Turkey

Steel News - Published on Thu, 17 Sep 2020

Image Source: YC Inox Turkey
Turkish media reported that Taiwanese steel maker YC Inox is set to build a factory in Dilovasi in Kocaeli Province in the Marmara region of Turkey for USD 80 million. The giant investment, which will be made in an area of 55,000 square meters in the Dilovasi Machinery Specialization Organized Industrial Zone, will start in the first quarter of 2020 and the trial production will begin in 18 months. The investment, aimed at exports as well as the domestic market, will provide employment for 300 people in the first place.

The Taiwanese company, which also plans to establish a service center in Turkey, has designed the factory accordingly.

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Posted By : Yogender Pancholi on Thu, 17 Sep 2020
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