ISTANBUL (AA) – July 20, 2012 – Turkey will be the production base of U.S. Caterpillar Inc.
Richard Levin, an executive of the company, recently held a meeting with Turkish Science, Industry & Technology Minister Nihat Ergun, and told the company's desire to enter Turkish market and start production.
Turkey has a strategic importance in the region. We target to reach not only to Turkish market but also the regional markets, said Levin who was also briefed about the incentive system in Turkey by Ergun.
Levin said that there were very important opportunities in Turkey, adding that Caterpillar was planning to invest in Turkey alone or with a Turkish partner.
Our company is not only making production but also making designs, developing products and pursuing research and development activities, said Levin.
Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. With 2011 sales and revenues of 60.138 billion USD, the company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.
