Turkey’s eastern and southeastern provinces are receiving increasing amounts of foreign investment due to government incentives and their close proximity to the Middle Eastern markets. Following the spring water bottling facility to be established by a British company, another foreign investor from Turkey’s western neighbor Greece will invest in a chemicals production plant in Gaziantep, a highly industrialized town in Turkey’s southeast. Plastika Kritis, the largest plastics producer in Greece, will establish its second plant in Turkey.
The company, active in Turkey since 2001 through its local affiliate Senkroma, will initially create 50 jobs in Gaziantep. The Gaziantep plant will specialize in the production of polyester for paints and polyamide for the textile industry. Commenting on the performance of the company in the Turkish market, Senkroma’s General Manager Hamdi Yazir said their business in Turkey has grown by tenfold in the last nine years. “The headquarters of the company in Athens is very impressed. The new investment is the result of our hard work”, he added.