25 MİLLİON NEW FACTORY İN KARTEPE

Investment incentive certificates for March were announced by the Ministry of Industry and Technology. While many factories from Kocaeli were included in the list, some new factories to be established in our city also drew attention. The Ministry of Industry and Technology announced March 2022 investment incentive certificates. Investment incentive certificates were published in the Official Gazette the previous day. The investment amount of the certified projects was calculated as 40 billion 695 million 139 thousand 80 liras. With the realization of these investments, 27 thousand 201 people are planned to be employed. On the other hand, many factories operating in Kocaeli were also included in the list.

TOTAL COST AT LEAST 25.3 MILLION LIRA

The new factory to be established in Kartepe by Izopar Transformer and Insulation Industry and Trade Limited Company was also included in the investment incentive list published in March. The company is preparing to invest 23 million liras for the new factory to be built in Kartepe. In addition, 150 thousand dollars of imported machinery and equipment to be used in the factory will be purchased. When this amount is multiplied with today's exchange rate (15.40 TL), a cost of 2 million 310 thousand TL emerges. Thus, the total cost of the investment reaches 25 million 300 thousand liras.

900 TON ANNUAL PRODUCTION TARGET

Izopar Transformer and Insulation Industry and Trade Limited Company aims to produce 900 tons of various composite materials annually in the factory it plans to establish in Kartepe. With this investment exceeding 25 million liras, the company management will employ at least 20 workers in the factory.

WHAT DID THEY REQUEST?

İzopar Trafo ve İzolasyon Sanayi ve Ticaret Limited Şirketi requested Customs Duty Exemption, VAT Exemption, Insurance Premium Employer's Share for 2 Years, 50% Tax Deduction, and YKO 15% from the Ministry of Industry and Technology for its investment.