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Otokar to Invest 47,5 Million USD

​A Koc Group Company Otokar, celebrating its 45th anniversary, announced that it had bought the land and the plant site of Otoyol A.S. for USD 47,5 million.

Otokar General Manager Serdar Gorguc told Otokar has made the decision due to the company's short term and long term investment needs. Gorguc continued: "We decided to invest regarding the growth and expansion of Otokar upon evaluation of the short term and long term investment needs arising from the company's current projects both on Defence and Commercial Vehicles, especially for Altay National Battle Tank Project. Due to our decision we bought the 383 thousand sqm land and the plant site of Otoyol Sanayi A.S for USD 47,5 million, which was put on sale as a whole and in the vicinity of the Company's growth area.

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