machinery industry - TURKEY
TURKEY MACHINERY INDUSTRY
14-07-2021 - 14:15:24 by machinery industry in turkey market research
The machinery industry in Turkey is labor intensive rather than capital intensive, and is expected to remain
so in the near future. The readily available work force in Turkey plays a vital part in the development and well-being
of the machinery industry as it guarantees competitiveness through low-cost labor and engineering services. However,
the cost-effectiveness of labor and engineering does not in itself make a world-class machinery industry. In this regard,
the advantage of the Turkish machinery industry lies in the accumulation of companies with different capabilities,
strategies and products, so that this clustering provides a technological edge to the overall industry.
The harmonization of EU legislation in accordance with Turkey’s accession process has made it compulsory to
obtain the necessary safety and compatibility certifications. As of July 2010, four Turkish national institutions have
been authorized as notified bodies to ensure local machinery producers’ compliance with EU standards. |
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