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    Gates Corporation to invest in Turkey to meet demands of Europe

    Anatolian Agency
    19.10.2008 - 11:35 | Son Güncelleme:

    Gates Corporation, one of the world's largest manufacturers of automotive and industrial products, has decided to invest in Turkey.

    The Gates Corporation will establish facilities in the Gebze and Tuzla districts of Istanbul and the Izmir Free Trade Zone. Gates is planning to lay the foundations in the last quarter of 2008 and start production in 2010.

     

    The facilities will meet the increasing demand of European automotive sector.

     

    The Gates Corporation operates globally at 60 locations in 25 countries and had an annual income of $5.8 billion in 2007. 

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