Brief: Tofas Decides To Extend Production Period of Doblo Model Manufactured In Bursa Factory 1 Year And To Start Investment Studies

Tofas Turk Otomobil Fabrikasi

26/10/2020 06:47

Oct 26 (Reuters) - TOFAS TURK OTOMOBİL FABRİKASI  TOASO.IS :
    * SAID ON FRIDAY TOFAS DECIDES TO EXTEND PRODUCTION PERIOD
OF
DOBLO MODEL MANUFACTURED IN TOFAŞ BURSA FACTORY BY 1 YEAR AND TO
START INVESTMENT STUDIES
    * PROJECT LIFECYCLE PERIOD WHICH ANNOUNCED TO PUBLIC AS
2009-2021
WITH LAST RELATED DISCLOSURE, IS EXTENDED UNTIL END OF 2022
    * IN PERIOD OF 2009-2020, NEARLY 1.1 MILLION VEHICLES ARE
PRODUCED
WITHIN SCOPE OF PROJECT
    * AIMS TO PRODUCE 1 MILLION 250 THOUSAND VEHICLE DURING
WHOLE
PROJECT LIFECYCLE WITH CONTRIBUTION OF NEW INVESTMENT AND
EXTENSION OF TIME, 75% OF WHICH ARE FOR EXPORT MARKETS
    * PLANS TO MAKE AN INVESTMENT OF NEARLY 28 MILLION EUROS
UNTIL END
OF 2021, AND PRODUCTION OF VEHICLES WITH NEW ENGINE IS PLANNED
TO START IN MIDDLE OF 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA90p7nm
    
 Further company coverage:  TOASO.IS  
   


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