Sütaş set to invest $80 mln investment in East
BURSA - Anatolia News Agency
Incentives are important to develop the dairy business, says Sütaş Chairman Muharrem Yılmaz. Sütaş plans to invest in one of eastern provinces in Turkey.Sütaş, one of Turkey’s leading dairy producers, plans to invest in a $80 million dollar dairy plant in the east of the country to exploit the recently-announced incentive scheme, a top executive of the company said yesterday in the western province of Bursa.
The processing capacity of the facility will be 500 tons of milk per day.
Sütaş Chairman Muharrem Yılmaz yesterday said the company had already established
another plant in the central Anatolian province of Aksaray, after the one in Bursa’s Karacabey
“Incentives for the agriculture industry and the dairy sector are important for the development of our businesses,” he said. The planned investment will be made in the sixth incentive zone, which covers the eastern and southeastern provinces and will receive the most investment support from the government.
“We want to complete the investment this year,” said Muharrem Yılmaz. Initially, around 750 workers will be employed at the plant, he added.