Monday, 21 January 2008

Euro Bosses to Bet on Turkey

TURKISH DAILY NEWS: 'Turkey is already a member of the EU for us,' Volvo Group's CEO says. This world-leading company is making positive noises about Turkey's future as it considers Turkey a regional hub to ease its distribution to the Middle East, Caucasus and the Balkans, and talks of plans for introducing more 'environment friendly' vehicles in the country

The world's leading car, truck and construction equipment manufacturing giant, the Volvo Group, has chosen Turkey as its regional hub for future investments.

“We consider Turkey as a center to distribute our products to the Middle East and the Caucasus. As a first step we have decided to establish an assembly factory for Renault Trucks,” Leif Johansson, president and the CEO of the Volvo Group, told the Turkish Daily News, in an exclusive interview here Friday.

Renault Trucks, a member of the Volvo Group since 1992, which produces light and heavy commercial vehicles, plans to sell more than 100,000 vehicles by 2010. The trucks that are manufactured in factories in France and Spain are assembled in 11 different countries. Turkey will be the 12th, according to Johansson.

“For us Turkey is already a member of the European Union. Not only important due to its geographic location in its region, Turkey is also a good market for us in itself,” he said. Euro bosses to bet on Turkey >>> By SERKAN DEMİRTAŞ

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