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3M opens a Customer Innovation Center in Istanbul, Turkey PDF Print E-mail
Written by TACCI Admin   
Wednesday, 25 March 2015 14:43
3M launches innovation center in Istanbul 

Star – 3M has opened a Customer Innovation Center in Istanbul, Turkey, as a part of its investment drive in the country. The US-based conglomerate is currently building a manufacturing plant in the Corlu district of Tekirdag Province which aims to utilize Turkey’s strategic location to assist its growth plans involving the European, Middle Eastern and North African regions. The production hub investment amounts to USD 500 million and has been realized with the assistance of the Investment Support and Promotion Agency of Turkey (ISPAT).

On opening the center located in Kavacik, Turkish Minister of Finance Mehmet Simsek said that such investments that helped Turkey climb the value chain were strongly supported. “3M’s expansion of its operations in our country shows Turkey’s rapid development in recent years,” he noted.

Speaking at the ceremony, Vice President of ISPAT Arda Ermut said that Turkey continued to be the focus point for multinational companies. “A large number of multinationals have already set up their regional centers in Turkey. This innovation center will be an important milestone in 3M’s history,” Ermut said.

“The 3M Customer Innovation Center in Istanbul is only a small part of our ongoing investments in Turkey. Once the Corlu production hub reaches operational status it will serve not only the domestic market but the entire globe,” reported Giuseppe Castaldi, 3M Vice President of Central and Eastern Europe, who added that Turkey was the company’s second biggest market in the Middle East and Eastern Europe.

“With its strong economy, dynamic domestic market, and enormous potential, Turkey is of great importance to 3M,” Castaldi remarked.

3M’s operations in Turkey date back to 1987, covering sectors such as the automotive, healthcare, chemical and consumer goods sectors. The company has been manufacturing in Turkey since 1992, exporting goods to nearly 40 countries. 


Written by TACCI Admin   
Monday, 23 March 2015 17:52


Mavi New York, Inc. represented by Mr. Unal Guven, has become a General Member of TACCI.

Mavi New York, Inc. was founded in New York City in 2007 by Mr. Unal Guven.


Mavi NY is a full service general contractor, supplier and construction management services company. The company specialize in renovation of public bathrooms, sporting facilities and commercial spaces.


Mavi NY's mission statement is to deliver high quality products and excellent service to its clients on time and within the budget.


Recently completed projects: AECOM, New York City Center, SL Green Properties, Equinox, Oppenheimer, Cohen Brothers Realty, Costco, Jet Blue, Burlington Coat Factory, American Express, and United Nations.


Address: 5102 21st Street, 6th Floor
Long Island City, NY11101
Phone: (718) 874 3805
Fax:     (718) 717 8338


Written by TACCI Admin   
Wednesday, 18 March 2015 19:34



Mid-America Overseas (MAO), represented by Ms. Nurgul Erdogan, has become a General Member of TACCI.
Mid-America Overseas (MAO) was founded in Chicago in 1976 by Burkard M. Schmitt. From the origins as an ocean freight forwarder, MAO has evolved and expanded into a global transportation and logistics provider, supported by loyal and hard-working employees.


Global ocean transportation is still an important element in the complete scope of services MAO provides -- which today includes air and ocean transportation, customs brokerage, warehousing & distribution and related MIS services, all supervised via a single, coordinated support system.


MAO is privately owned and now employs some 400 employees in offices throughout North America and abroad.

Corporate Office: 

333 Pierce Road, Suite 400
Itasca, IL 60143
Phone: 630-285-9083
Fax: 630-285-9084
Newark Office
11 Commerce Drive, 3rd Floor
Cranford, NJ 07016
Phone: 908-603-0660
Fax: 908-351-7070

For other locations, please click here


Turkey facilitating logistics with largest nationalization project PDF Print E-mail
Written by TACCI Admin   
Monday, 09 March 2015 20:14
 Nationalization of Turkey's Northern Marmara Highway to begin

The nationalization process for the 37-kilometer-long Northern Marmara Highway, which will link northern provinces of Sakarya and Kocaeli to Thrace, bypassing Istanbul's traffic jam, is about to commence. Land analysis for the route of the mega project, which is the largest build-operate-transfer project of the state after the 421-kilometer-long Istanbul-İzmir highway, will begin to prepare the nationalization map of the related regions. As part of the process, to be undertaken by the General Directorate of Highways, the nationalization costs will be calculated for the lands located around the route of the highway, and points with zoned areas and areas with high costs will be revised.

The General Directorate of Highways will issue a plan to evaluate any problems that may arise during the nationalization process, including current applications executed over related fields and areas with high costs. Zoned areas, development areas and natural resources will be taken into consideration for the route, which will begin in Adapazarı, pass through Kocaeli and Istanbul and connect to Tekirdağ, the northwestern cities of Turkey. Certain routes and crossroads may be revised to keep the nationalization costs to a minimum.

Furthermore, separate works will take place in Asia and Europe. The highway will run for a distance of 250 kilometers in Asia, and about 175 kilometers will cross through privately-registered lands. A total of 45 kilometers of the road crosses through non-residential land, and 17 kilometers cut through zoning areas. In Europe, 120 kilometers of the highway will be nationalized and 90 kilometers of these cross through privately-owned land, while 20 kilometers pass through non-residential areas and 35 kilometers pass through zoning areas.

The nationalization process is expected to take around 700 days. The main aim of the works to be undertaken will be to ensure that the route does not cross through zoning areas and to remove any land with high value from the scope of the project.

Due to the high prices paid in lawsuits filed against the General Directorate of Highways, areas for which municipalities have construction rights in their zoning plans will be excluded from the project.


Last Updated ( Monday, 09 March 2015 20:27 )
Turkish Prime Minister visits world leading investors in New York with Turkish delegation PDF Print E-mail
Written by TACCI Admin   
Friday, 06 March 2015 19:01

Investors confident about growth of Turkish economy

PM Davutoğlu’s efforts to promote Turkey’s economic growth and political stability received an enthusiastic response from top New York investors, who said they were reassured by the belief of the prime minister

Prime Minister Ahmet Davutoğlu's trip to the U.S. produced a warm welcome from top executives of investment companies, with most affirming their trust in the consistent growth and political stability of Turkey. Speaking after a meeting Davutoğlu held with a group of Goldman Sachs investors in New York late on Wednesday, John Waldron, co-head of the Investment Banking Division of Goldman Sachs, said their discussions were "very effective," and that there was a consensus among international investors that Turkey is an attractive target for investment. At the meeting, Davutoğlu described Turkey as a land of stability between the depressed European economies and violence-ridden Middle Eastern countries, and expounded the country's vision for the future and consistent economic growth. 

People are generally pretty optimistic [about] Turkey," he told Anadolu Agency (AA) after the meeting. "The issue is not so much [about] Turkey, the issue is the countries and the region around Turkey. The bigger risk is not Turkey and Turkey's performance, it is more about what's happening in the neighborhood." He said Turkey has done "a terrific job" in terms of keeping its economy and policies strong during a tumultuous period in the region with many countries gripped by war and conflict. "It seems to me there are still big infrastructure opportunities in the country," Waldron said. "Mr. Prime Minister focused on continued investment in infrastructure. The start of an airport project is an example. There seems to be lots of opportunity in infrastructure investing." He also said the Goldman Sachs Group had recently opened an office in Turkey and this showed their confidence in Turkey's economy.

The closed-door meeting with Goldman Sachs investors was also attended by Deputy Prime Minister Ali Babacan, responsible for the economy. Sarvesh Srivastava, a principal with the Emerging Sovereign Group, told AA the meeting was "very useful," as it clarified certain points of concern in the eyes of investors. "I do feel somewhat reassured," he said, adding that investors put a lot of trust in the current economic leadership of the country. He said a major expectation of investors in Turkey is that the country "do more of the same things" it did over the last decade, which has brought a consistent growth rate of almost 5.5 percent since 2002. He said the finance sector in Turkey is particularly promising for investors. One of the Turkish businessmen who attended the meeting, Abdullah Kavukcu, said similar gatherings should be organized more often in the future to boost investor confidence. "Investors have very positive expectations about Turkey now," said Kavukcu, who is chairman of the board of Simit Sarayı, a popular pastry and tea chain specializing in one of Turkey's national snacks, known as "simit." He said Turkey's upcoming elections would bring good outcomes in terms of the economy, although elections generally scare off investors.

Davutoğlu also addressed representatives of Turkish-American associations in New York. "There are fragile countries like Syria, Iraq, Lebanon, Ukraine, Yemen and Libya around Turkey. When we look at all these, Turkey is an island of stability," he said. "Turkey is an island of stability with a vision for the future, and it has far more economic growth than the average country in the EU and OECD countries. Turkey is a promising country in terms of dynamism and political stability. Despite many problems, we have grown at an average of 5.5 percent over the past 12 years. Our national income has multiplied by three-and-a-half times [in nominal terms]. The value of our economy rose to $840-$850 billion from $230-$240 billion in 2002, when we came to power," he said.

After meeting with the top executives of several investing companies at the Ritz Hotel, Davutoğlu had dinner with Citibank institutional investors at the Citibank Executive Center. Babacan and Finance Minister Mehmet Şimşek also accompanied Davutoğlu at the dinner, which was closed to the press.

Davutoğlu said that none of the international financial institutions that he held talks with in the U.S. are concerned about Turkey's future prospects. He underscored that Istanbul will become a financial center in the world with new and ongoing infrastructure projects, including a new airport, a new Bosphorus bridge and new tunnels. 

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Last Updated ( Friday, 06 March 2015 19:17 )

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