GE Makes its First Brilliant Factory Investment in Turkey in the MENAT Region

General Electric (GE) contributing to Turkey's economic growth through localization and local innovation, announced that it will transform its Power Transformers factory in Gebze into the first brilliant factory in the region. The factory transformation was announced by Fatih Metin, Deputy Minister of Economy, GE executives and government officials during a special ceremony, which also marked the inauguration of the largest power transformer test lab in the MENAT region, which will be located within the Power Transformers factory. The $20M total value of investment in the Gebze factory will also increase its manufacturing capacity. Delivering a speech at the inauguration of Power Transformers factory Test Lab, Canan M. Özsoy, President & CEO, GE Turkey emphasized GE's role in adding value to the Turkish economy by supporting local manufacturing, export and job growth in Turkey for 68 years. Özsoy said, “We have tripled the number of our employees in Turkey since 2012. Today, we are proud to operate in our country's primary business areas with more than 2,000 employees in eight different locations, and to contribute to local manufacturing, innovation, export and employment.  We have focused on the development of local innovation in industries including renewable energy, smart grids, LED, healthcare and life sciences through our GE Turkey Innovation Center launched last year. Today, we have not only invested in an exemplary brilliant factory, but we will also increase our contribution to the industry and Turkish economy.”