Israel signs deal worth 18.6 million euros with Turkey amid political turmoil

Emre Özpeynirci – ISTANBUL

Israel has signed a deal worth nearly 18.6 million euros with Turkey’s Anadolu Isuzu, a joint automotive manufacturing venture between Turkey’s Anadolu Group and Japan’s Isuzu Motors, to buy buses, the Public Disclosure Platform (KAP) said on Dec. 6.

“A deal to make a delivery worth 18.6 million euros has been signed with our Israeli distributor Universal Trucks Israel Ltd., the company which won the bid,” KAP said in a statement.

“The submittal of the delivery mentioned hereby is planned to begin in 2018, and is expected to be completed by 2019,” it added.

Anadolu Isuzu produces 25 different models within five segments in Turkey. While the greatest capital is spared to the midibus, which compromises one-fourth of the production share, the D-Max pick-up follows with 12 percent.

Anadolu Isuzu currently has 823 workers. Its revenue in 2016 was 830 million Turkish Liras.

In 2016, a total of 5,240 vehicles were produced, of which 666 were exported, by the company headquartered in Istanbul.