Grundfos Invests in Turkey

27.09.2005

Grundfos has invested EUR 4 million in new facilities in Turkey, and last Friday the Group inaugurated an assembly plant as well as a new sales office on the outskirts of Istanbul.

Grundfos Invests in Turkey

Grundfos.

Already in 1998, the Group established a sales company in Turkey, and during the past few years this company has experienced annual growth rates of approx. 50 per cent, and last year the total turnover amounted to EUR 22 million.

”We consider Turkey an important market. The country already has a large and rapidly growing home market, and if we look ahead Turkey will no doubt become an important pierhead for Europe to the Central Asian area,” says Executive Vice President of Grundfos Søren Ø. Sørensen.

The Group expects the high growth rates to continue in the years to come and a doubling of the turnover in Turkey during the next three years, and with the establishment of the assembly plant in the country it has now become possible to make an even more dedicated effort in the Turkish market.

With the large investments, the Group wishes to signal its confidence in the market opportunities of the country and in Turkey becoming one of the new partners of an enlarged Europe.

Grundfos currently employs 45 staff in Turkey, and during the next three years the company expects to increase this number to 100 employees.

Source: Grundfos

More articles on this topic

Smart utility network to help Anglian Water tackle water shortages

15.10.2020 -

By 2025, Anglian Water, located in East England, could face a projected water shortage of up to 30 million liters of water a day. To meet this challenge, the water utility is starting to deploy a smart water network to secure its water supply. The project involves the roll out of upgraded water meters in a joint effort between Sensus, a Xylem brand, and Arqiva, a U.K. communications infrastructure and media services provider.

Read more

Repair of decommissioned turbine saves time and money for pulp manufacturer

15.10.2020 -

Steam turbines provide essential power to large industrial plants and if they develop a fault there is an urgency to repair and get them back online. Sulzer helped one of its customers by manufacturing 500 new turbine blades and repairing a steam turbine that had been written off by the original equipment manufacturer (OEM), minimizing the cost and time to get the vital asset operational.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Events

    « October 2020 » loading...
    M T W T F S S
    28
    29
    30
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    1
  • JOB MARKET