TEI Debuts Advanced Manufacturing Technologies Building with a Splendid Ceremony

Engine components to be produced in the Advanced Manufacturing Technologies Building are expected to bring in nearly $ 2 Billion sales/export revenues by 2035

Issue 71 - November 2016

TEI debuted its Advanced Manufacturing Technologies building with a ceremony attended by Mr. Fikri Işık, Minister of Defense, Mr. Nabi Avci, Minister of Culture and Tourism and distinguished guests.

TEI president & CEO Mr. Mahmut F. Akşit gave the keynote speech at the opening ceremony, underlining TEI’s position as the leading supplier of the LEAP engine part globally, thanks to this investment.  Mr. Akşit also noted that the building costs of  $10 million has a total investment value of $ 110 million together with its manufacturing equipment, however, the investment is expected to bring $ 2 billion through export of the parts to be produced in the new building over the next two decades.