Thursday, 03 Feb 2011
German iron and steel giant Troster 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 EUR 7 million in the plant, which will open February 18th 2011. The 8,500 square meter steel facility is near the town of Edincik.
The statement said that "Velutsan TSK will start operating with 400 employees and plans to increase this figure to 600 by the end of the year. 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 EUR 45 million investment."
TSK has been involved with work on the Sofia Airport, the Frankfurt Stock Exchange General Management building and Ferrari World Abu Dhabi.(sourced:Hurriyet Daily News)
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