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Iranian investor to make $100 million industrial investment in Erzincan

Iranian businessman and CEO Umut Kaya has announced plans to invest approximately $100 million in the Erzincan Organized Industrial Zone in eastern Türkiye.

Iranian investor to make $100 million industrial investment in Erzincan

The investment, which will consist of a total of six manufacturing facilities, is expected to create approximately 1,000 direct jobs.

The project will focus on the production of copper tubes, copper wire, aluminum wire, as well as ventilation and refrigeration equipment. The products will serve not only the domestic market but will also be exported to various international destinations, primarily Germany and Italy.

Commenting on the investment decision, Umut Kaya said the company had evaluated organized industrial zones across Türkiye before selecting Erzincan, emphasizing that the strong local support and positive reception they received played a decisive role in the decision. Kaya also thanked Ahmet Tanoğlu, Chairman of the Erzincan Chamber of Commerce and Industry, for his contributions to the project.

Kaya stated that the company aims to commence production within one year as part of the approximately $100 million investment. He noted that the new facilities would make a significant contribution to Erzincan's industrial infrastructure and added that, once operations begin, the company intends to supply both the Turkish market and international export markets.

Upon completion, the investment is expected to generate around 1,000 direct jobs while also creating additional employment opportunities across logistics, supply chains, and supporting industries. The project is also anticipated to strengthen the production capacity and export potential of the Erzincan Organized Industrial Zone.

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