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Daikin Turkey Raised Its Capital to 1 Billion 100 Million TL by Increasing It 950 Million TL

28 February 2020 Issue: Year 2020

Daikin Turkey, signing a huge success as a direct investor by showing growth of 8,5 times since 2011, in which started to operate in Turkey, continues to expand its investment and activities by increasing its capital by 950 million TL. Daikin Turkey, investing 300 million TL for factory and R & D Center in Turkey since 2014, with this capital increase, for Turkey, the European and CIS countries markets, will continue to be sector leader by manufacturing new products according to the needs of the market and strengthening its hand. Daikin Turkey CEO Hasan Önder, evaluating the decision on capital increase and the works of Daikin at a press conference held at the Air Conditioning Technology Experience Center on 24 September, gave the following information about the matter, "As the dynamics and technologies in the industry evolves, we also continue to expand our heating and cooling product range suitable to the Turkey market and CIS countries and to focus on our factory investments. We also plan to strengthen our channel structure in Turkey. According to the 2018 ISIB data, we broke a record in split air conditioner exports and became the first in a row for 2 consecutive years. Reserving our capital to perform our channel development and investment plans, we will continue to contribute to Turkey's economy and employment. Our target for 2020 is to increase our turnover to 3 billion TL and to increase the number of our employees to 500 people. At the same time, we will establish 3 lines with our production investments. Our aim in 2020, as Daikin Turkey, is to achieve exports of $ 220 million".