Turkey's Ilhanli Group established a joint venture with South Korean Kiturami Corporation by which the two companies would erect a combi boiler factory worth 20 million USD in Turkey.
Each company invested 10 million USD for the establishment of the factory.
The new factory would be erected either in Catalca or Cerkezkoy. It would employ 400 people with an annual capacity of 150,000 combi boilers.
The factory would be operational as of 2012.
Last Mod: 25 Temmuz 2008, 15:00