Siemens Turkey exports to five continents: CEO
KOCAELİ - Anadolu Agency
The company’s integrated production plant investment has reached 65 million euros ($77.1 million), Geliş said at the launch of the company’s new plant in Turkey’s leading industrial city Kocaeli.
The ceremony was attended by Science, Industry and Technology Minister Faruk Özlü.
He added that the company will contribute 100 million euros ($118.7 million) to Turkey’s economy.
Siemens’ new plants, which will produce electrical equipment, will employ 1,000 people directly and indirectly, he said.
Geliş added that the company’s research and development investment stood at 27 million euros ($32 million) in 2017 and is expected to rise by 25 percent to 34 million euros ($40.3 million) in 2018.