Industry News

Tüpraş Strengthens Its Fleet with 4 New Ships

Tüpraş, Turkey’s leading energy company, continues its investments without pause as part of the transformation journey across its entire value chain, driven by its “Our Energy for the Future” vision.

“INDUSTRIAL RECOVERY IS PROMISING, BUT WE MUST FOCUS ON THE QUALITY OF GROWTH”

Assessing the Turkish economy's 2.3% growth in the second quarter of 2026, PLASFED Chairman Ömer Karadeniz noted that the industrial sector's 2.4% growth in the second quarter—following a 0.8% contraction in the first—was a positive development. Karadeniz emphasized that achieving sustained and robust industrial growth requires improving financing conditions, reducing production costs, and supporting exports.

Machinery exports reached $16.5 billion in seven months

According to consolidated data from the Machinery Exporters' Association (MAİB), Türkiye's total machinery exports—including those from free trade zones—amounted to $16.5 billion in the first seven months of the year. Sevda Kayhan Yılmaz, President of the Machinery Exporters' Association, noted that the Turkish machinery sector has secured the top spot in the Syrian market—where total machinery imports doubled compared to the previous year—and stated, "The battle for market share between Chinese and European manufacturers is intensifying in the rapidly growing Syrian market. New regulations suited to competitive conditions are needed for the Turkish machinery sector, which captured market leadership by refusing to abandon the field even under the harsh conditions of the civil war."

The machine tool sector plays a critical role in the transformation of industrial production

While cost and financing pressures in industrial production are making investment decisions more selective, the importance of investments in efficiency and technology is growing. GNC Makina Chairman Gökhan Çetinkaya stated that investments in technology, automation, and high-precision manufacturing are critical for manufacturers to maintain their competitiveness.

Record third quarter for Siemens

In the third quarter of fiscal year 2026 (ended June 30, 2026), Siemens’ orders rose by 14 percent on a comparable basis to a record