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
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.