Turkey's Borusan Holding to continue global expansion investments over next three years
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Update time : 2024-03-06 16:17:30
Turkey's Borusan Group announced it would invest US$1.4 billion in new investments in Turkey, the US, and Romania over the next three years. The largest share of these investments is to increase the capacity of the Borçelik plant in Gemlik. The company planned to invest 20.8 billion Turkish liras in new coated sheet production facilities.
Besides, it will also modernize the plant's production lines and increase their productivity. The company also planned to invest in wind and solar energy, which might account for 6% of Turkey's wind energy production. In addition, it will expand its business in the US and Europe (Romania). The Romania plant was scheduled to produce automotive products.
