TURKEY > Pepsi bets big in Turkey with sixth factory

Pepsico_logo.svg USA based PepsiCo to establish its sixth factory in Turkey adding more than 500 jobs. The new plant will employ 350 staff initially and will hit the target of 500 by 2022. Currently PepsiCo provides employment to more than 43,000 people (Directly and indirectly) in Turkey with five factories. The food and drinking company will establish a facility with over More …

TURKEY > Brazilian food processor “BRF” and Qatar Investment Authority to acquire Turkish poultry company Banvit

BanvitLogo Brazil based food processor “BRF” and Qatar Investment Authority (QIA) to acquire Turkish poultry company Banvit for $470Mn. BRF will have 60 percent of the company while QIA will hold rest 40 percent. BRF’s acquisition is supposed to be based on its desire to enter halal market, Banvit provides perfect opportunity for it. In the first phase of acquisition only More …

TURKEY > Japan’s IHI to Establish a Factory for Compressor Production in Turkey

download Tokyo based heavy equipment Company IHI is slated to expand to Turkey with establishment of a factory to produce compressors. The expansion is a joint venture between IHI and Turkish industrial machinery maker Dalgakıran Makine, a 51-49 percent partnership respectively. The expected total investment in the factory is $14.4Mn. And the regular production of compressor is targeted to start in More …