Posted by meb at September 17th, 2009

Industry and Trade Minister Nihat Ergün on Wednesday said Chinese auto maker Chery expected to establish a factory in Turkey with an initial $500 million investment.
“The firm has expressed a desire to access world markets via Turkey. They have applied to build a production base in Turkey,” Ergün told a meeting at the ongoing Frankfurt Auto Show in Germany. Two executives from Chery had visited the northwestern province of Sakarya in January to acquire land to build an automotive factory. The auto producer had commenced feasibility studies with the Turkish Mermerler Group, Chery’s current distributor in Turkey. They are expected to shortly decide where to establish the factory. Chery plans to produce two of its models in Turkey through cooperation with the Mermerler Group. Exporting its products to 67 countries, Chery also has seven factories in six countries including Russia, Iran, Egypt and Indonesia.
source: Today’s Zaman

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