28.09.2011 TürkTraktör celebrates production of its 600,000th tractor

NEW HOLLAND TRACTOR

Hosted by Koç Holding Board of Directors Chairman Mustafa V. Koç and Chairman of Fiat Industrial and CNH Sergio Marchionne, the event welcomed Prime Minister Mr. Recep Tayyip Erdoğan, Minister of Food, Agriculture and Animal Breeding Mr. Mehmet Mehdi Eker and Minister of Industry and Technology Mr. Nihat Ergün.

TürkTraktör, CNH’s joint venture with Koç Holding and a leading manufacturer of agricultural equipment in Turkey since 1954, has celebrated the production of its 600,000 tractor at a special ceremony held at the company’s plant in Ankara, Turkey.

Hosted by Koç Holding Board of Directors Chairman Mustafa V. Koç and the Chairman of Fiat Industrial and CNH Sergio Marchionne, the event welcomed Prime Minister Mr. Recep Tayyip Erdoğan, the Minister of Food, Agriculture and Animal Breeding Mr. Mehmet Mehdi Eker and the Minister of Industry and Technology Mr. Nihat Ergün. The ceremony was attended by over 400 people including CNH and Koç Holding top management, the dealer network, employees and media.

During the event, the plant’s 600,000th tractor, a New Holland Agriculture TD100, was delivered to wheat, corn, cotton and watermelon producer Mehmet Ali Gül and his family from Ünlüce Village in Yüreğir, Adana, southern Turkey. To further commemorate the occasion, the 600,001th tractor to roll off the factory's production line, a New Holland TD65B, was signed by CNH and Koç Holding management and by the Turkish Prime Minister.

In his speech at the event, Mr. Recep Tayyip Erdoğan emphasised agriculture’s importance to Turkey’s gross domestic product and noted the country’s high rate of growth; Turkey’s economy grew more than 11 percent in the first half of the year compared to the previous year. He also cited the partnership between CNH and Koç Holding, which builds 90 percent of its tractors and components in-house, as an important landmark in the country's agribusiness sector.

Speaking at the ceremony, Koç Holding Board of Directors Chairman Mustafa V. Koç underlined the importance of TürkTraktör products as a source of pride for Turkey, "TürkTraktör is a leading producer of tractors and engines for the domestic tractor market. It manufactures engines, transmissions and front and rear axles in its own factory and derives its remaining parts from local sources."

Sergio Marchionne remarked, "This achievement also bears testimony to the quality of the products that the Koç Group and Case New Holland have been producing in partnership, as well as the individual capabilities and commitment of everyone here at the plant." He further added, "What I can assure the Prime Minister and the Turkish people is that we intend to continue with the same level of commitment and determination, and the same spirit of collaboration that have brought us to where we are today."

TürkTraktör is a leader in the domestic tractor market with its New Holland Agriculture and Case IH tractors. The facility exports to over 90 countries worldwide and employs more than 2,000 people at its plant in Ankara.

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