NEW INVESTMENT IN ESKISEHIR BY ERCIYAS RAIL

Erciyas Rail preferred Eskişehir for investment to realize new manufacturing activities. It has been announced that the first phase of the facility is expected to be operational in the first quarter of 2023.

Erciyas Rail has chosen Eskişehir Organized Industrial Zone to carry out its new wagon production activities.

45 Million Dollar Investment

Nadir Küpeli President of Eskişehir Organized Industrial Zone had previously announced that they started to negotiate with a company about making an investment of 100 million dollars for the production of smart wagons in the region, where many investments have been made in recent years. The first step has been taken for the said investment. It has been reported that Erciyas Rail plans to invest in EOSB to expand its wagon production activities and has taken action for a fully integrated and automated facility investment, the first phase of which is worth 45 million dollars.

Approved for Incentive with a Total Budget of 618 Million TL

Erciyas Çelik Boru stated to the Public Disclosure Platform (KAP). “To expand the activities of our subsidiary Erciyas Rail in the production, maintenance, and repair of wagons, the supply of spare parts, the supply of railway vehicles and equipment, the supply of products, and the production, plans to invest in Eskişehir Organized Industrial Zone to increase efficiency and create management synergy. The fully integrated and automated facility investment, the first phase of which was worth 45 million dollars, was approved by the Ministry of Industry and Technology, General Directorate of Incentive Implementation and Foreign Capital, with a total investment budget of 618,366,747 TL,” Erciyas Çelik Boru stated.

It will start in the second quarter of 2022, and the first phase will be operational in 2023

It was stated that the incentive would consist of tax reductions, insurance premium supports, VAT exemption, interest or profit share supports, and that the investment would be made in phases. It has been announced that the facility will be built on a total area of 174 thousand square meters, 66 thousand square meters of which is closed, the construction works will start in the second quarter of the year and the first phase is expected to be operational in the first quarter of 2023.

The Key to the Future is in Innovation

Erciyas Holding is an investment group operating in more than 50 countries around the world for more than 30 years in four main sectors: industry, energy, bicycle and services. Erciyas Holding, one of Turkey’s most important investment groups, continues to be a tough competitor and reliable business partner in the markets in which it operates, with its strong financial structure as well as its success in local and global markets. Erciyas Holding offers the highest quality products and services with advanced technology applications in all sectors in which it operates. Investing in the future with innovation continues to be the driving force that illuminates its path in every industry.