The announcement comes as the company celebrates the 65th anniversary of its foundation. TürkTraktör manufactured some 10,056 tractors and 6,338 engines in the first six months of the year, meeting 75% of Turkey’s total tractor production.
The company, which exports tractors to more than 130 countries, increased the quantity of overseas sales by 20% to 7,562 units compared to the same period the previous year. The company had 88% of Turkey’s total tractor exports in this period.
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Turkish Auto Industry Eyes Over $500M In Exports To Russia
The leader of national exports, Turkey’s automotive industry expects its exports to Russia to exceed $500 million in 2019, according to the vice-chairman of the Uludag Automotive Industry Exporters Association (OIB).
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The Organization for Economic Co-operation and Development (OECD) made a major revision in its projection for Turkish economic growth in 2019, as it warned about escalating trade tensions are eroding global growth prospects,
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Turkish manufacturer enjoys 45% rise in overseas sales
TürkTraktör, the Turkish automotive industry’s first manufacturer that is still operational, saw its overseas sales turnover increase by 45% in the January-June period, the company said in a statement.
Turkish automotive sector keeps its lion's share in total exports
It is reported by Automotive Manufacturers Association (OSD) that automotive sector keeps its lion’s share in Turkey’s total exports during the first six months of the year.
COURT RULES IN FAVOR OF TEXAS LAW ON SOCIAL MEDIA REGULATION
A federal appeals court ruled in favor of a Texas law targeting major social media companies like Facebook and Twitter in a victory for Republicans who accuse the platforms of censoring conservative speech.
EU WANTS TO TOUGHEN CYBERSECURITY RULES FOR SMART DEVICES
The European Union’s executive arm proposed new legislation that would force manufacturers to ensure that devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks.
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