Turkey's Kalyon Gunes Teknolojileri plans US unit and solar panel manufacturing plant
Turkey's Kalyon Gunes Teknolojileri plans US unit and solar panel manufacturing plant GDANSK, Oct 1 (Reuters) - Turkey's Kalyon Gunes Teknolojileri Üretim KLYPV.IS plans to establish a company and solar panel manufacturing facility in the US to expand its global operations and share of international sales in total revenue.
The company said in a statement to Turkey's Public Disclosure Platform (KAP) late on Wednesday that the new US company would set up a solar products manufacturing facility, in compliance with US regulations.
Kalyon Gunes, which designs, manufactures and sells photovoltaic solar systems and equipment, also plans a sales and marketing operation in the US market.
The company said it expected the investment to benefit from federal tax incentives as well as economic development incentives offered at the state and local levels.
It did not disclose the size of the planned investment, the location of the facility, its production capacity or a timetable for the start of operations.
(Reporting by Canan Sevgili; Editing by Alexandra Hudson)