US-based WABCO, a leading global supplier of vehicle control systems that improve the safety, efficiency, and connectivity of commercial services, launched its first distribution center with an investment of around USD 17 million in Hadımköy, Istanbul.
Speaking at the opening ceremony, Invest in Türkiye President Arda Ermut highlighted the importance of the investment in terms of demonstrating the confidence that US companies have in Türkiye, its significance for being a value adding investment, as well as its role in increasing the competitiveness of the Turkish automotive sector. “I hope WABCO’s new logistics center will embolden the company to make larger investments in Türkiye soon, and that WABCO, when it shifts production to Türkiye, will benefit from our country’s advantageous location in accessing multiple markets,” Ermut said.
WABCO Chairman and CEO Jacques Esculier mentioned that WABCO is a pioneer in new automotive technologies and services. “Türkiye is of vital importance in our global supply chain. The future is bright for vehicle control systems, and Türkiye is set to be a major player in this field with its robust automotive sector,” he added.