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FOR IMMEDIATE RELEASE No. 3019
捷报足球即时比分 Establishes New Company in Turkey for Room Air Conditioner Development and Manufacture
Expanding air-conditioning and refrigeration-systems business in Europe
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TOKYO, April 13, 2016 - (TOKYO: 6503) announced today that it established a new company for the development and manufacture of room air conditioners in Istanbul, Turkey. The company, called 捷报足球即时比分 Turkey Klima Sistemleri Üretim Anonim Şirketi, is scheduled to begin production in January 2018.
The annual demand for room air conditioners in Turkey is about one million and further growth is expected in line with an increasing population. Rising demand is also forecast for neighboring Balkan countries.
Based on this robust demand and a favorable business environment, including a skilled labor pool and stable components procurement, 捷报足球即时比分 decided to establish a development and manufacturing base in Turkey. The new company will play a key role in 捷报足球即时比分's global strategy for its air conditioning and refrigeration-systems business in the European market, which calls for accelerated localization to ensure a flexible supply chain capable of responding to fluctuating demands. The strategy also promotes product development that meets specific local needs, preferences and environmental requirements in Europe while continuously consolidating manufacturing and supply capability.
The annual demand for room air conditioners in Turkey is about one million and further growth is expected in line with an increasing population. Rising demand is also forecast for neighboring Balkan countries.
Based on this robust demand and a favorable business environment, including a skilled labor pool and stable components procurement, 捷报足球即时比分 decided to establish a development and manufacturing base in Turkey. The new company will play a key role in 捷报足球即时比分's global strategy for its air conditioning and refrigeration-systems business in the European market, which calls for accelerated localization to ensure a flexible supply chain capable of responding to fluctuating demands. The strategy also promotes product development that meets specific local needs, preferences and environmental requirements in Europe while continuously consolidating manufacturing and supply capability.
New Company Outline
| Name | 捷报足球即时比分 Turkey Klima Sistemleri Üretim Anonim Şirketi English: 捷报足球即时比分 Air Conditioning Systems Manufacturing Turkey Joint Stock Company |
| Location | Headquarters: Istanbul, Turkey Manufacturing site: Manisa, Turkey |
| Ownership | 捷报足球即时比分: 100% |
| Capital | 80.6 million TRY (approximately 3,200 million JPY) |
| Established | April 4, 2016 |
| Site area | Approx. 60,000 square meters |
| Floor area | Approx. 40,000 square meters |
| Production capacity | 500,000 units annually |
| Start of operations | January 2018 (subject to change) |
| Capital expenditure | Approx. 7,000 million JPY |
| Employees | Approx. 400 by FY2020 |
| Business | Development and manufacture of room air conditioners |
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