Page 21 - TURKRptOct21

4.3 Industrial sectors and trade 4.3.1 PMI Production dynamics
4.3.2 Corporate profits dynamics
The headline PMI posted 52.5 in September, down from 54.1 in August.
Sabanci Holding (SAHOL), the second largest conglomerate in Turkey behind Koc Holding (KCHOL), reported a TRY3.53bn profit for H1, up 48% y/y.
Mavi Jeans (MAVI) reported a profit of Turkish lira (TRY) 130mn ($15mn) for H1 versus a net loss of TRY55mn a year ago.
4.4 Fixed investment
Major Fixed Investment Announcements in Turkey or by Turkish companies abroad
Firm
Sector
Amount
Investment
Capacity
Location
2025
Sisecam (SISE)
Glass
€210mn
2 furnace glass plant
0.33mn ton/year
Hungary
2025
Eti Bakir (Cengiz)
Copper-Fertiliser
TRY1.57bn
Plant
15,000-0.25mn tonnes /year
Samsun
2024
Sisecam (SISE)
Glass
-
Architectural glass line
1,000 tonnes/day
Kirklareli
2024
Sisecam (SISE)
Glass
-
Soda plant
0.1mn tonnes/year
US
2023
Sisecam (SISE)
Glass
TRY2bn
Architectural glass line
1,200 tonnes/day
Ankara
2023
Akkuyu nuclear plant (Russia)
Electricity
-
Preparations for 4th unit
-
Mersin
Q3-2023
Kipas Kagit
Paper
€25-35mn
New boiler from Valmet (Finland)
260 tonnes/hour
Kahramanm aras
Jun-2023
Izdemir (IZDMC)
Steel
$100mn
Billet plant expansion
1.4mn tons
Izmir
Q1-2023
Turksat
Telecom
-
New satellite launch
Turksat 6A
-
Q1-2023
Atakas Celik
Steel
$100mn
Capacity increase
0.7mn tonnes/year
Hatay
2023
Wyndham
Hotel
-
Wyndham Resort Iznik Feradis
120 rooms
Bursa
2023
BorusanMannessmann(BR
Steel
$3.5mn
Supply-chain optimization
-
-
SAN)
2022
Sisecam (SISE)
Glass
TRY2bn
Auto glass line
750 tonnes/day
Ankara
Q4-2022
Aygaz (AYGAZ)
LPG
$100mn
LPG filling plant
-
Bangladesh
Dec-2022
Kalyon (Karapinar)
Electricity
-
Solar
1.1GW
Konya
Dec-2022
Starwood
Wood
-
Fibre preparation line
(Andritz/Austria)
Bursa
Dec-2022
Kastamonu Entegre (Hayat
Wood
-
New MDF line
(Andritz/Austria)
Balikesir
Holding)
Dec-2022
Marriott (US)
Hotel
-
10 hotels
7,000 rooms
Turkey
Sep-2022
BIM (BIMAS)
Food
TRY40mn
Biscuit plant
-
Eskisehir
H1-2022
Kaptan Iron&Steel
Steel
-
Wire rod mill
650,000tonnes/year
Tekirdag
H1-2022
Tosyali
Port
-
Second peer
16mn tonnes
Hatay
21 TURKEY Country Report October 2021 www.intellinews.com