Page 27 - TURKRptJun22

4.4 Fixed investment
Major Fixed Investment Announcements in Turkey or by Turkish companies abroad
Firm
Sector
Amount
Investment
Capacity
Location
Dec-2051
Fraport(Frankfurt/FRA),TA V(TAVHL)
Airport
€7.25bn
Airport tender
25-year/Terminal expansions
Antalya
Mar-2028
AYGM
Railway
Assystem (Paris/ASY)
Ispartakule-Cerkezkoy (Halkali-Kapikule)
67 km
-
2027
Sisecam (SISE)
Glass
$4bn
Soda ash plants with Ciner (WeSoda; New York/CINR)
10mn tonnes/year
US
2027
Siemens (Frankfurt/SIE)
Oil
-
Star Refinery,Socar Depolama,Petkim (PETKM)
Energy distribution infrastructure
Izmir
2025
Ford Otosan (FROTO)
Automotive
MoU
Electric vehicle battery plant (Ford (New York/F), Koc (KCHOL), SK (Seoul/034730))
30-45 GWh / year
Ankara
2025
Ronesans
Petrochemicals
$1.4-1.7bn
Polypropylene plant (Honeywell/Nasdaq/HON; Sonatrach/Algeria; Stolt-Nielsen/Oslo/SNL; SPIE/US/FRANCE; LyondellBasell/New York/LYB; Tecnicas Reunidas/Madrid/TRE; Ravago/Belgium)
0.45mn tonnes/year
Adana
2025
Ronesans
Port
-
New port at polypropylene plant
Stolthaven (Australia)
Adana
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
2025
Ege Endustri (EGEEN)
Automotive
$50mn
Plant
-
Izmir
2025
Vodafone Turkey (London/VOD)
Telecom
-
Testing process modernization
Amdocs (Nasdaq/DOX)
-
2024
Ford Otosan (FROTO)
Automotive
€715mn
Electric vehicles, Puma (SUV), Transit Courier (Van), Tourneo Courier (Kombi)
250,000 units/year
Romania
2024
Goodyear Lastikleri (GOODY)
Tyre
$18mn
Capacity increase
5%
Sakarya
2024
Socar Turkey
Oil
Star Refinery
Capacity increase
11.5mn tonnes/year
Izmir
2024
Sisecam (SISE)
Glass
-
Architectural glass line
1,000 tonnes/day
Kirklareli
2024
Yukselen (YKSLN)
Steel
TRY60mn
Greenfield service center
0.1mn tonnes/year
Kocaeli
Q2-2024
Shotton Mill (Eren Holding)
Paper
€150-170mn
PM3 paper mill (Valmet/Helsinki/VALMT)
0.65mn tonnes/year
UK
Feb-2024
Mitsubishi Electric (Tokyo/6503)
Air conditioning
$133mn
Heat pump/Room conditioning
0.1mn/0.3mn/year
Manisa
2023
Progresiva - Pomega (Kontrolmatik/KONTR)
Electricity
-
Electricity storage
250 MWh / 1,000 MW
Istanbul
2023
Ciner
Glass
£390m
Bottle plant
-
UK
2023
Ege Celik
Steel
-
Wire rod mill upgrade
120 tonnes/hour
Izmir
2023
State Hydraulics Works (DSI)
Agriculture
-
Underground dams
200
Turkey
2023
Sisecam (SISE)
Glass
TRY2bn
Architectural glass line
1,200 tonnes/day
Ankara
27 TURKEY Country Report June 2022 www.intellinews.com