SAF-Holland S.A. announced that it has strengthened its business in Turkey through the formation of a regional company, SAF-Holland Otomotiv, based in Istanbul. Mustafa Kasimli is the company’s general manager.
Turkey is currently developing into one of the most important locations for the truck and trailer industry, according to the company. Almost all well-known European manufacturers already have built up their production capacities there or plan to do so. “In line with our growth strategy, we intend to always be close to our most important customers,” says Detlef Borghardt, chief executive officer of SAF-Holland. “Founding a Turkish subsidiary is therefore a logical step.”
With growth of just less than 9 percent in 2010, Turkey is one of the world’s fastest growing economies. SAF-Holland anticipates strong future growth in transport volumes and a corresponding increase in demand for commercial vehicles in Turkey and the entire region.