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GERMAN STEEL GIANT INVESTS IN TURKEY
German iron and steel giant Tröster Systeme Und Komponenten, or TSK, and Turkish company Velutsan are set to open a steel construction facility later this month in Bandırma in the northwestern province of Balıkesir.
German iron and steel giant Tröster Systeme Und Komponenten, or TSK, and Turkish company Velutsan are set to open a steel construction facility later this month in Bandırma in the northwestern province of Balıkesir. TSK, known for the brands "Mero" and "Schmidlin,” and Velustan have invested 7 million euros in the plant, which will open Feb. 18, a joint statement by the companies released Monday said. The 8,500-square-meter steel facility is near the town of Edincik. “Velutsan TSK will start operating with 400 employees and plans to increase this figure to 600 by the end of the year,” the statement said. “With its 83 years of experience, Velutsan TSK will undertake ambitious projects in Turkey as it prepares to enter the automotive supply industry with a 45 million-euro investment.” TSK has been involved with work on the Sofia Airport, the Frankfurt Stock Exchange General Management building and Ferrari World Abu Dhabi. DAILY NEWS Monday, January 31, 2011
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