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Sabah, Turkey
March 5 2012
Turkish weapon sales span the globe
Turkey's Machinery and Chemical Industry Corporation had a record
breaking year in profit with weapons and ammunition sales to 29
different countries including the United States and Germany.
Last year, the Machinery and Chemical Industry Corporation set a
historical record in profit for selling weapons and ammunition to a
total of 29 different countries spanning from Panama to the
Philippines to Switzerland and the United States. With a 180 percent
increase in profit compared to figures from the year prior, 2011 sales
reaped in 165 million liras in net profit. Assigned to providing all
forms of weaponry, ammunition, rockets and explosives, the
corporation's 2010 sales figure of 650 million liras soared to 850
million liras last year.
A 350 MILLION LIRA HIT ON THE CURRENT ACCOUNT DEFICIT
Orders from Turkey's Ministry of National Defense, the Armed Forces,
the Ministry of the Interior, the Department of Police and the
National Intelligence organization alone reached 350 million, 832
thousand liras last year.
In recent years the Machinery and Chemical Industry Corporation has
designed a number of new products, not only through establishing a
series of university and industry collaborations but also as a result
of heeding significant consideration to research and development,
resulting in an increase in exports every year. Last year, the
Machinery and Chemical Industry Corporation sold a total of 98
million, 478 thousand liras worth of weapons and ammunition to 29
different nations spanning from Panama to the Philippines and from
Switzerland to the United States. Including domestic sales, the
Machinery and Chemical Industry (MKEK) realized a total 165 million
lira in profit last year. In 2011, the Corporation also managed to
sign on to 630 million liras worth of exporting agreements in 2011.
SAUDI'S SHOOT FOR THE SS30 RANGE
Saudi Arabia purchased the highest number of weaponry from MKEK at
44.6 million liras last year. Saudi Arabia primarily purchased SS30
rockets as well as a significant number of cartridges and ammunition.
Following Saudi Arabia was Bahrain with 17.2 million liras worth of
exports with Oman in third for the highest number of sales at 7.1
million liras. The majority of sales made to Bahrain and Oman
consisted of bullets and cartridges.
A 283 MILLION LIRA PROJECT
MKEK is currently operating with 28 of Turkey's most prestigious
universities to fulfill a total of 127 R & D projects including the
'National Tank Altay'', the ''Modern National Infantry Rifle", the
''Sharpshooting Rifle'', ''Air Portable Howeitzer'' and the
''Penetrable Bomb". The total budget for the aforementioned projects
is 283 million liras.
The total sales made abroad by the Machinery and Chemical Industry
Corporation on a Turkish Lira basis is as follows:
Countries - Total (TL)
Saudi Arabia 44,577,382
Bahrain 17,166,325
Oman 7,077,690
UAE 5,555,765
Colombia 4,023,549
Belgium 3,848,964
Pakistan 3,529,094
USA 2,675,761
Italy 1,441,100
Azerbaijan 1,292,353
Kazakhstan 1,191,925
Turkmenistan 822,780
Portugal 744,888
Chile 680,739
Egypt 573,213
Switzerland 532,304
Cameroon 525,369
Germany 454,915
Vietnam 386,249
Panama 332,288
Philippines 316,226
Tunisia 201,373
Indonesia 141,114
Romania 124,355
Qatar 120,195
Thailand 71,008
Morocco 64,993
Belarus 6,289
Total 98,478.206
March 5 2012
Turkish weapon sales span the globe
Turkey's Machinery and Chemical Industry Corporation had a record
breaking year in profit with weapons and ammunition sales to 29
different countries including the United States and Germany.
Last year, the Machinery and Chemical Industry Corporation set a
historical record in profit for selling weapons and ammunition to a
total of 29 different countries spanning from Panama to the
Philippines to Switzerland and the United States. With a 180 percent
increase in profit compared to figures from the year prior, 2011 sales
reaped in 165 million liras in net profit. Assigned to providing all
forms of weaponry, ammunition, rockets and explosives, the
corporation's 2010 sales figure of 650 million liras soared to 850
million liras last year.
A 350 MILLION LIRA HIT ON THE CURRENT ACCOUNT DEFICIT
Orders from Turkey's Ministry of National Defense, the Armed Forces,
the Ministry of the Interior, the Department of Police and the
National Intelligence organization alone reached 350 million, 832
thousand liras last year.
In recent years the Machinery and Chemical Industry Corporation has
designed a number of new products, not only through establishing a
series of university and industry collaborations but also as a result
of heeding significant consideration to research and development,
resulting in an increase in exports every year. Last year, the
Machinery and Chemical Industry Corporation sold a total of 98
million, 478 thousand liras worth of weapons and ammunition to 29
different nations spanning from Panama to the Philippines and from
Switzerland to the United States. Including domestic sales, the
Machinery and Chemical Industry (MKEK) realized a total 165 million
lira in profit last year. In 2011, the Corporation also managed to
sign on to 630 million liras worth of exporting agreements in 2011.
SAUDI'S SHOOT FOR THE SS30 RANGE
Saudi Arabia purchased the highest number of weaponry from MKEK at
44.6 million liras last year. Saudi Arabia primarily purchased SS30
rockets as well as a significant number of cartridges and ammunition.
Following Saudi Arabia was Bahrain with 17.2 million liras worth of
exports with Oman in third for the highest number of sales at 7.1
million liras. The majority of sales made to Bahrain and Oman
consisted of bullets and cartridges.
A 283 MILLION LIRA PROJECT
MKEK is currently operating with 28 of Turkey's most prestigious
universities to fulfill a total of 127 R & D projects including the
'National Tank Altay'', the ''Modern National Infantry Rifle", the
''Sharpshooting Rifle'', ''Air Portable Howeitzer'' and the
''Penetrable Bomb". The total budget for the aforementioned projects
is 283 million liras.
The total sales made abroad by the Machinery and Chemical Industry
Corporation on a Turkish Lira basis is as follows:
Countries - Total (TL)
Saudi Arabia 44,577,382
Bahrain 17,166,325
Oman 7,077,690
UAE 5,555,765
Colombia 4,023,549
Belgium 3,848,964
Pakistan 3,529,094
USA 2,675,761
Italy 1,441,100
Azerbaijan 1,292,353
Kazakhstan 1,191,925
Turkmenistan 822,780
Portugal 744,888
Chile 680,739
Egypt 573,213
Switzerland 532,304
Cameroon 525,369
Germany 454,915
Vietnam 386,249
Panama 332,288
Philippines 316,226
Tunisia 201,373
Indonesia 141,114
Romania 124,355
Qatar 120,195
Thailand 71,008
Morocco 64,993
Belarus 6,289
Total 98,478.206