Industry and Technology Minister Mustafa Varank and Hungarian Minister of Foreign and Foreign Trade Peter Szijjarto opened the Medicor Investment Project, Hungary's first medical investment in Turkey. The factory where necessary medical devices, especially incubators, will be produced for newborns; It was established on an area of 45,8 thousand square meters with an investment of 4 million liras.
Minister Varank stated that they are concerned about growing Turkey with value-added production and said, "For this, we will continue to support both domestic and international companies to make new investments, and to further improve the investment environment in our country." said.
Varank, at the joint press conference they held with Hungarian Minister of Foreign Affairs and Foreign Trade Peter Szijjarto in Medicor Medical, Hungary's first medical investment in Turkey, and after the meetings between delegations, said that he was happy for the company's investment in the country. Stating that they have gained momentum in every field in the relations between the two countries with mutual high-level visits, established consultation mechanisms and investments, Varank said, “I would like to express my gratitude to the valuable officials of the Hungarian Medicor company, who showed their trust in the economic potential and political stability of our country with their investment. This investment is important and meaningful as it is the first Hungarian investment in the medical sector in our country.” used the phrase.
SUPPORT TO THE MEDICAL INDUSTRY
Explaining that nearly 300 global companies from R&D to design centers, from product commercialization to production and regional logistics activities have moved their activities to Turkey, Varank said, “We managed to attract 250 billion dollars of international direct investment during our 21-year rule. Thanks to our location at the intersection of Asia, Europe and Africa, we have easy access to global markets. We implement a comprehensive incentive system to encourage and support private sector investments. We prioritize regional development, strategic sectors and products in our incentive system. Since 2003, we have issued incentive certificates for more than 3 thousand investments, which foresee approximately 4 trillion TL of fixed investment and 110 million employment. We have included this investment in the medical sector, which is one of the priority areas, in the ones we support in this context.” he said.
WILL PROVIDE ADDED VALUE
Varank said, “Medicor will bring some of its production in Hungary to our country and export the products it produces to Central Asia, the Middle East and African countries as well as Turkey, and will provide added value to our country. We are concerned about growing Turkey with value-added production. For this, we will continue to support both our domestic companies and international companies to make new investments, and to further improve the investment environment in our country and make it attractive.” used the phrases.
CLOSE COLLABORATION
Varank stated that thanks to the close cooperation they have developed with the Hungarian government, they have increased their trade volume, which was only 2001 million dollars in 356, to over 10 billion dollars by increasing 3,5 times, and noted that the established cooperation mechanisms will continue to bear fruit in the next period.
STRATEGIC PARTNER
Stating that the trade volume target of 6 billion dollars between the two countries will be reached in a short time with the steps to be taken, Varank said, “Hungary is our kin, our old friend and a strategic business partner. We have political, economic and cultural relations that date back to ancient times. In this respect, as Ministers, we have considered it our duty to make a positive contribution to these relations during our duty in the perspective of cooperation put forward by our leaders. We acted accordingly. Turkey and Hungary demonstrate a strong will to further and deepen our relations.” he said.
TURNING POINT
Stating that the relations between the two countries will continue to progress exponentially, Varank said that both Turkish investors' investments in Hungary and Hungarian-origin companies' investments in Turkey will increase in the coming period. Stating that they will continue to invest in third countries as two countries, Varank said, “We continue to take our steps regarding this. Noting that the investment made by the Medicor company in our country is an important turning point for the industries of the two countries, I wish it to be beneficial. I would like to express my gratitude to all Hungarian authorities, especially Mr. Szijjarto, for this cooperation.” made its assessment.
TURKISH AND HUNGARY COMPANIES TOGETHER
Explaining that they brought together Turkish and Hungarian companies in the medical sector, Varank said, “We held an evaluation meeting on which areas we can achieve the success we have achieved in Turkey's automobile in the medical sector. If we believe, trust and continue our international cooperation, both Turkey and Hungary will come to the fore more as two important producer countries in their own regions.” said.
SZIJJARTO: “WE WILL PLAY A LEADING ROLE IN THE DEVELOPMENT OF MEDICAL DEVICES”
Szijjarto, Hungarian Minister of Foreign Affairs and Foreign Trade, stated that Medicor plays a leading role in the development of necessary medical devices for newborns not only in Hungary, but also in all of Europe, and stated that the main products of the company are incubators for the care of babies. Noting that the company's products are mostly exported to the Middle East, the Hungarian minister noted that the company decided to establish its new facility here.
45,8 MILLION LIRAL INVESTMENT
Szijjarto stated that this newly opened center of Medicor in Turkey is a factory built on an area of 4 thousand square meters and said, “Incubators will be produced here. It is a big investment of 45,8 million TL. The Hungarian government gave 27,4 million liras of incentive support to it. Production will start in the second half of this year.” gave the information. Noting that not only production but also research and development will be carried out here, the Hungarian minister emphasized that the company will produce highly advanced incubators with its R&D studies.
After the joint press conference, Varank and Szijjarto inaugurated the Medicor Investment Project, Hungary's first medical investment in Turkey, and then visited the factory.