New Generation Engine to be Produced with Government Incentive

new generation engine with state incentive
new generation engine with state incentive

In the automotive sector, a new generation hybrid engine was started with a government grant. The basis of Turkey's first high-pressure injection factory to produce aluminum engine block was thrown. Participating in the ceremony, Minister of Industry and Technology Mustafa Varank, Renault's hybrid vehicles developed for the next generation of high-tech engines will be used, he said. Minister Varank, who also made a request for Renault, said band Hopefully, before 2020 year, they remove Renault's hybrid vehicles from the production line and put them on the market. If we can achieve this, we will make a big contribution to our economy. I wholeheartedly believe that they will achieve this. Bunu

”SUPER INCENTIVE“

The fruits of the project-based incentive application, expressed as edil super-encouragement teşvik announced by President Tayyip Erdoğan in April, were started to be taken. Oyak Renault Automobile Factories Inc. Will be built within the foundation of the first high-pressure die-cast aluminum factory was laid in Turkey Bursa Organized Industrial Zone today.

FIRST TIME TO BE PRODUCED

Minister Varank, who participated in the ceremony, said that a huge investment was made in the automotive sector, which is the engine of the industry, and said: ın I would like to see the High Pressure Aluminum Injection Plant, which was laid by Oyak Renault, to be beneficial to our country. This investment was realized through a project-based incentive system. Along with this facility, aluminum engine block will be produced for the first time in our country. These blocks will be used for Renault's new generation of engines developed for hybrid vehicles and a large part of the production will be exported. Bu

REDUCE CURRENT DEFICIT

Stating that this investment is very valuable and important for three main reasons, Varank said, tem This facility, where we laid the foundations for the first time, directly serves our high value-added production target. High technology will be used in the production stage only a few places in the world. Significant contributions will be made to qualified employment and exports. I am talking about a production that can reduce the current account deficit by 2,3 billion dollars annually. Our goal is to increase this and similar investments by several times, Ama he said.

LIQUID INCENTIVE SYSTEM

Varank emphasized the need for a structural transformation in production and said, “Turkish Industry has the power to realize this transformation. We, as the state, stand by entrepreneurs and industrialists with all our means. We have a very attractive incentive system. As the Ministry, we aim to attract high value-added investments to our country without considering domestic and foreign distinction. Bakanlık

LOCATION POLICY

Stating that the second important feature of this investment made by Oyak Renault is its support for the localization policy, Varank said, destek Many products to be used in production will be made here or will be supplied from our local suppliers. In this way, we will be able to benefit from our domestic resources as efficiently as possible. Thus, we will reduce the dependence on imports and reduce the current account deficit and reduce the need for outsourcing. The foundations of the economy will be further strengthened by this transformation in the real sector. We will rise to the rankings we deserve in the global economy with healthy growth and qualified employment küresel.

TRUST INDICATOR

Varank, while the last feature that makes it valuable in terms of investment and noted that Turkey itself is a concrete indication of the confidence in the Turkish economy.

STARTED TO BE BACK

Varank emphasized that despite all the challenging tests faced by the Turkish economy and continued its path to strength, Varank said, karşıla We overcome the events that other countries could not get rid of for many years thanks to cooperation, determination, experience and thanks to our country. I hope the worst and toughest days have started to fall behind. We will continue to attract more long-term production investments to our country with our political stability, predictability and investor-friendly policies. Dostu

2020 GOES THE GOAL

Varank also made a request for Oyak Renault, who implemented the investment in his speech. Iz Hopefully 2020 will remove the hybrid vehicles from the production line before the XNUMX year, as said Varank. Lar If we can achieve this, we will make a big contribution to our economy. I wholeheartedly believe that they will achieve this. Bunu

100 MILLION OIL INVESTMENT

Speaking at the ceremony Eurasia Region Renault Group Senior Vice President Nicolas Maura, also said Renault Group, this new factory to 100 million euros invested by the terrific support of the Republic of Turkey. Hybrid engines and we will do will be a first in Turkey. There will be more than one 100 business. N

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