Toyota Motor Manufacturing Turkiye raises gear in growth

Toyota Motor Manufacturing Turkiye (TMMT) is continuing its activities intensively for the growth and development of the company by means of new investment opportunities and projects.

Following the announcement of future production increase made last October at the occasion of TMMT's 20th anniversary, TMMT confirms it has received an investment incentive certificate of 1,110 million TL for model, expansion and modernisation of the plant.  Within the scope of this certificate, TMMT's production capacity could increase to 250 thousand units. 

TMMT’s President & CEO Mr.Orhan Özer said,  “Our first priority is to increase our production capacity and through producing different models in our plant we aim once again become  export leader of Turkiye in the future. " 

Reminded by Orhan Özer that, it has been shared before the public that, a decision of an increase in investments and production volume of the Turkiye plant, has been announced last October by Toyota Motor Europe President Mr. Didier Leroy with the statement “we fully believe in the potential for long-term economic growth in Turkiye, and trust the capability of the Toyota members here.  This plant is competitive, and we have decided to increase production at TMMT in the future and are now studying how exactly this will take shape”. Toyota Motor Manufacturing Turkiye will make a move; therefore they would continue to work in accordance with this decision, Mr.Özer stated. He added “this decision was taken because of our production quality, efficiency and our competitiveness. With this investment, we will create new business opportunities and we’ll be expanding our export to the new markets; this move will increase competitiveness of TMMT and Turkiye" As one of the leading exporters of Turkey,  TMMT shows great efforts to continue expanding its production and export activities.

Özer, stressing that, "The factors increasing the export will be possible by the growth of existing investments", and that, "Toyota will continue to turn the global trends into an advantage of growth and competition by its strong manufacturing infrastructure, features and expectations of appropriate models for the needs of different market segments and in particular with its strength in research and development". "As an important part of Toyota's global power, our production plant in Turkey will continue to be one of the main actors of this power".

"2014 has been resulted in accordance with our plans and expectations. We are among the leading exporters of Turkey " Özer said, and stated, "By the end of 2014, we have produced 131 thousand cars and by exporting 85 percent of this to more than 50 countries of the world; we have reached approximately $ 2 billion export target."