Booming Industry Draws Turkish Metalworking Companies to GermanyBy Germany Trade And Invest, PRNE
Wednesday, February 2, 2011
WIN - World of Industry Part 1: Metalworking
BERLIN and ISTANBUL, February 3, 2011 - Withh 4.5 and 2.3 percent GDP growth respectively, Turkey and
Germany are projected to be two of the fastest growing European countries in
2011. Turkish metalworking companies are increasingly looking to Germany as
an investment location, while Germany is already the number one customer of
Turkish-made goods and a top machinery and metalworking industry location.
Representatives from Germany Trade & Invest will be at this year's WIN -
World of Industry Part 1: Metalworking conference from February 3-6, 2011 in
Istanbul, Turkey, at the German Pavilion in Hall 2, booth C-130.
Oliver Seiler, Director of Mechanical and Electronic
Technologies at Germany Trade & Invest in Berlin: "Germany's economy is
currently growing at a pace not seen here in the last twenty years. Demand
for top quality machinery and equipment is one of the key growth drivers."
In 2009 - at the height of the economic downturn - the number
of investment projects by Turkish companies in Germany tripled compared to
the previous year. More than one third of all Turkish investment projects in
Europe went to Germany. Currently there are over 550 Turkish companies doing
business in Germany.
"We have seen an increasing number of Turkish companies
interested in Germany. The machinery and equipment industry and the
metalworking segment are among Germany's classic industries. At the same
time, Turkey has become a strong player. Establishing a business in Germany
gives Turkish companies distinct advantages, especially access to the well
developed market for suppliers and producers," Seiler continues.
Germany Trade & Invest is the foreign trade and inward
investment promotion agency of the Federal Republic of Germany. The
organization advises foreign companies looking to expand their business
activities in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
Germany Trade & Invest Andreas Bilfinger Email: firstname.lastname@example.org T: +49(0)30-200099-173 F: +49(0)30-200099-111
Germany Trade & Invest: Andreas Bilfinger, Email: andreas.bilfinger at gtai.com, T: +49(0)30-200099-173, F: +49(0)30-200099-111
Tags: Berlin And Istanbul, February 3, Germany, Germany Trade and Invest, Turkey