English.chinabuses.com: China's third-largest carmaker DongFeng Motor is to invest $250 million in a planned Turkish plant with an annual capacity of 52,000 units, Turkey's government investment agency said on Wednesday.

Feasibility studies for the location are being carried out and construction should begin in the first quarter of 2010, the government investment agency said in a statement.

It also said Korean steel manufacturer Posco would make an initial greenfield investment in Turkey of $24 million to produce annually 170,000 million tonnes of flat steel, to be used primarily for the automotive sector.

Source : english.chinabuses.com

Editor : July

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Tags: Dongfeng auto investment Turkish