Turkey’s TIRSAN to build three trailer production plants in Russia

Monday, 27 December 2010 14:29:09 (GMT+3)   |  

Turkey's leading trailer producer TIRSAN has announced that it plans to construct three production plants in Russia with the aim of acquiring a share in the Russian and Central Asian markets.

According to a company statement, two of the plants, to be built in the Russian city of Tula and in Ufa in the Bashkortostan autonomous region of Russia, are scheduled to be commissioned in 2011, while the St. Petersburg-based plant is planned to start production in 2012.

Following the establishment of its 344,000 m² primary trailer production factory in Adapazari in northeastern Turkey in 1993, TIRSAN made its first 108,000 m² overseas investment in the German city of Goch in 1998. The company also carries out the role of sole distributor in Turkey for Dutch trailer giant DAF.

TIRSAN chairman Cetin Nuhoglu announced that €3.5 million of the total planned €15 million investment in Russia has already been invested for the three-plant projects, saying, "The plants in Tula and Ufa, which are to begin production in 2011, will have a designed annual production capacity of 2,500 trailers. In the first phase, they will produce 500 trailers a year."

Nuhoglu pointed out that the initial decision for the investments in question was taken in 2008 but was suspended due to the negative environment created by the global financial crisis.

TIRSAN chairman stressed that they have chosen to enter the Russian market with  their German brand Kässbohrer, considering the Kässbohrer's image and proven success in terms of durability, quality and security. TIRSAN acquired Kässbohrer tank and silo division in 2002, as part of its long-term strategy to be one of the top European trailer manufacturers.

Pointing out that TIRSAN currently is the eighth largest trailer producer in Europe, Nuhoglu said that the company's target is to be in top five by 2014, adding that, with the capacity acquired from the overseas investments, the company targets an annual vehicle output of 17,000. He also said that the company's 2011 annual production target is 5,600 trailers.


Similar articles

US domestic ferrous scrap market could remain sideways in June

21 May | Scrap & Raw Materials

US long steel prices steady as mill output continues up on solid domestic demand, low imports

21 May | Longs and Billet

Iron ore in China down sharply due to weaker fundamentals, trend may persist

21 May | Scrap & Raw Materials

Brazilian HRC exports and imports fell in April amid drop in S. American shipments, S. Korean imports

21 May | Steel News

Local Turkish official dollar-based merchant bar prices fall further amid ongoing currency fluctuations

21 May | Longs and Billet

Turkish rebar spot prices mostly soften ahead of Eid holiday

21 May | Longs and Billet

HRC trade quiet in Turkey ahead of holiday period

21 May | Flats and Slab

Bangladesh’s import scrap market slow ahead of Eid amid limited rebar sales, freight pressure

21 May | Scrap & Raw Materials

Emsteel lifts June rebar prices while UAE market maintains balanced trend

21 May | Longs and Billet

Turkey’s Kardemir opens rebar sales on May 21, closes them within an hour

21 May | Longs and Billet