Promoting Kardemir's production of railway wheels

Incentive for Kardemir's production of railway wheels: Kardemir received incentives for the production of 342 million TL railway wheels

In the statement made by Kardemir, the investment incentive certificate number 200.000 dated 29.04.2014 has been given to the "Railway Wheel Production Facility" investment of my company with a production capacity of 27.10.2014 pieces / year, effective from 116547, was announced.

In the continuation of the statement published by Kardemir on KAP, it was stated as follows:

”Document subject investment amount is 20.500.000 TL. Building Construction, 289.590.723 TL. Imported Machinery Equipment, 15.850.000 TL. Domestic Machinery Equipment, 16.534.400 TL. including other expenses, totaling 342.475.123 TL.

Support elements to be utilized by the investment;

1 - VAT exemption,
2-Customs Duty Exemption,
3-Tax Reduction Rate (90, YKO% 50),
4-Insurance Premium Employer's Share Support (7 year),
5-Interest Support

The investment subject of the document is considered as Strategic Investment in accordance with the decision of the Strategic Investments Evaluation Commission of 22.10.2014.