Turkey Aksa Developing Rapidly in China

May 26, 2011, 06:00 ET from Changzhou National Hi-Tech District

CHANGZHOU, China, May 26, 2011 /PRNewswire-Asia/ -- Turkey Aksa is developing fast in Changzhou National Hi-tech District(CND), Jiangsu Province, China. Sales reached to RMB320 million from January to April and are predicted to rise to RMB1billion. Aksa Power Generation (Changzhou) Co., Ltd has been one of the leaders of China's and the world's diesel generator market.

Aksa Power Generation (Changzhou) specializes in product gen-sets. Investment is USD$10 million, factory area is 10,518sqms. In 2007, sales were over RMB100 million during 6 months of operation. In 2008 Aksa sales were RMB438 million and benefit achieved was RMB49 million.

On 13th April, 2009, Aksa decided to make additional investment in Changzhou National Hi-tech District and established Aksa Power Generation (China). This new project investment is USD$20,000,000 and registered capital is USD$10,255,400 for phase I specialized producing of power gen-sets and main parts. Annual output will be more than 20,000 units. The new factory is predicted to go into operation at the end of 2011 and annual sales will increase RMB 1 billion after operation totally.

"Rapid development of China motivates the world economy, and the same to Aksa.  Now Xi'an airport, many oil fields and Hainan 302 Hospital are using our gen-set. At present, with our excellent product quality, our products are occupying 50% of exports to Japan, USA and so on. Aksa is the only Chinese company providing power generators to Japan," Domestic Sales Director Dogan Sarigul said.

Aksa is incorporated under the name Kazanci Holding Group. Now this group is building the biggest generator factory, has 6,500 employees and sales reaching to 4.2 billion USD worldwide in 2010.

Necati Baykal, the president & CEO of Aksa Power Generation said: "After our investment in CND, Aksa got much support from Changzhou government. Although financial crisis impacted all the world, Aksa (Changzhou) Company was still developing fast and got good return. The excellent investment environment of Changzhou made us confident to cooperate with the new district government. Our strategic development objective is be the greatest gen-set manufacturer in the world."

Changzhou Hi-Tech District has attracted many local and overseas investors such as Germany-based Lanxess, Leoni, BAERLOCHERGMBH, otto bock, hoerbiger, Linde Group, Switzerland-based Georg Fischer, Mettler Toledo, Rieter Textile Instrument, US-based Terex, Ashland Chemical, Kohler, Chart, Visteon, Magna Powertrain, V&M, Polynt Group, Kymco Motors, Komatsu, Nippon Steel Corp, OKI, Bridgestone, Fujitsu, Fuji Heavy Industry and so on.

SOURCE Changzhou National Hi-Tech District