Project-based incentives for some investments in 4 provinces

It was decided to grant project-based state aid for some investments in production facilities in Gaziantep, Konya, Hatay and Bursa.

The President’s decisions on the matter entered into force after being published in the Official Gazette.

Accordingly, the investment period of Poly Gürteks Tekstik Sanayi ve Ticaret AŞ’s Polymer/Chip and POY production facility in Gaziantep, whose start date is June 7, 2021, has been determined to be 3 years.

The fixed investment amount foreseen in the project is 724 million 887 thousand 515 liras, the number of additional employment is 333 and the expected number of qualified personnel is 10.

FLAT PRODUCTS PRODUCTION PLANT IN KONYA

The investment period of direct cooled slab casting and hot rolled aluminum flat products production plant of Al Metal Aluminum Industry and Trade Inc., which was established in Konya and started on October 1, 2022, has been determined in 5 years.

The fixed amount of investment foreseen in the project was 2 thousand 397 million 503 thousand 600 lire, and the number of additional employment was 492. At the end of the investment, it is expected to produce 80 thousand tons of aluminum flat products per year through the casting of slabs with direct cooling and the hot rolling method.

POLYPROPYLENE PLANT IN HATAY

In Hatay, the duration of the investment in By Polimer Sanayi ve Ticaret AŞ’s polypropylene production facility, which commenced on August 1, 2022, was determined to be 3 years.

The fixed amount of investment foreseen in the project was 27 thousand 706 million TL, the number of additional jobs was 464 and the anticipated number of qualified personnel was 50. At the end of the investment, it is expected to produce 350 thousand tons of polypropylene per year.

HIGH CARBON FERROCHROME PRODUCTION PLANT IN BURSA

The investment period of BG Maden Sanayi high carbon ferrochrome production plant ve Ticaret A.

The fixed amount of investment foreseen in the project was 910 million 687 thousand 945 liras, the number of additional jobs was 295 and the number of qualified personnel was 15. At the end of the investment, it is expected to produce 60 thousand tons of ferrochrome high carbon per year.

These investments, which are chosen to receive project-based state aid, will benefit from incentives such as VAT exemption and customs tax exemption. (AA)