Facility Investment of Erciyas Wagon and Transportation Vehicles Inc.

A notification has been made regarding the facility investment of Erciyas Wagon and Transportation Vehicles Inc.

In the statement made by Erciyas Çelik Boru Sanayi A.Ş to the Public Disclosure Platform (KAP), the following was conveyed: “Our subsidiary Erciyas Vagon and Transportation Vehicles Inc. manufactures, maintains and repairs wagons, supplies spare parts, supplies railway vehicles and equipment, In order to expand its activities in the fields of supply and manufacture, increase efficiency and create management synergy, the first phase of fully integrated and automated facility investment of 45 million dollars, which is planned to be made in Eskişehir Organized Industrial Zone, with a total investment budget of 618.366.747 Turkish Liras, and the Ministry of Industry and Technology Incentive It has been found suitable to be encouraged by the General Directorate of Implementation and Foreign Capital. The content of the investment incentive generally consists of VAT exemption, tax deductions, insurance premium supports, interest or profit share supports. The investment will be realized in phases and will consist of a closed area of ​​174.000 square meters, which will be located on a total of 66.000 square meters of land. It is anticipated that the construction activities of the investment will start in the second quarter of 2022 and the first phase will start operating in the first quarter of 2.