Local Investments Turkey: Production Relocation and Assembly Formation
Production relocations are presenting new opportunities for machine tools and automation system suppliers. The Plastics Rubber and Composites Sector Assembly was established by 40 distinguish members.
Despite the hard and hot conditions around Turkey, long term planned and partly realized investments are presenting new opportunities for machine tools and automation system suppliers. One of the investments is the French pharmacy company’s relocation of some of its production to Turkey. The French pharmaceutical company Servier plans to produce 21 million packages in Turkey in the coming 18 months cooperating with the local drug manufacturers Abdi İbrahim and İlko İlaç.
The decision explained by Philippe Mea, General Manager of Servier Turkey, in a press meeting points out to an important figure: 97 percent of Servier medicines sold in Turkey will be produced locally at the new production relocation. Mea, stating their emphasis on Turkey’s economic power as well as its growing pharmaceutical market and considering Turkey a motherland, said that the company would raise production capacity in Turkey to 32 million packages by 2018 according to the their plans at the moment. But that could go up depending Turkey’s export increase to its neighbor countries. Servier has been active in Turkey for 38 years and produced 6 million packages a year in Turkey in cooperation with Abdi İbrahim.
Investing companies in Turkey who know the Turkish market well, express their confidence for Turkey’s goal to become one of the top-10 economies of the world and reach an exports total of USD 500 billion in 2023, which explains that they reset their local production plans according to the 2023 goal of Turkey.
The supreme organization is under legal framework
Recently established by the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Plastics Rubber and Composites Sector Assembly of Turkey held its first meeting. The Sector Assembly is composed of 40 distinguished members covering a wide range, including representatives from the Ministry of Science, Industry and Technology and the Ministry of Economics, nongovernmental organizations and companies accounting for 10 billion USD of turnover in the three sectors with a combined size of 50 billion USD.
Yavuz Eroğlu, Chairman of the Turkish Plastics Industry Foundation (Pagev) is elected to be the first Chairperson of the Assembly. Flexible Packaging Industrialists Association (FASD) Chairman Enver Bakioğlu was elected as Deputy Chairperson.
Yavuz Eroğlu said that this new entity within TOBB provides a more cohesive platform founded on a legal framework since the Assembly is comprised by companies of the industry, nongovernmental organizations and regulatory public authorities. Stating their objectives as “to identify issues in the industry, to facilitate dialog between the government and private sector representatives for solution alternatives, and to generate more value for Turkish economy overall", Eroğlu explained their main goal: “We will increase the public sector and industry cooperation, work swiftly to solve issues identified in our industry, and maintain our solution focus in order to accelerate and empower these sectors.” Eroğlu continued by saying that they will join their forces to increase the rate of development of the industry of plastics, rubber and composites, which is the driving force of the Turkish economy and competes for number one in Europe and the top 5 in the world at the moment.