A presidential decree indicating government support of a proposed DAP and cathode copper facility in Turkey’s Samsum province was recently published in the country’s Official Gazette, according to Bloomberg. The project planned by Eti Bakir SA, Kastamonu, a unit of Cengiz Holding (GM Aug. 20. p. 34). Total investment is put at 1.57 billion lira (US$189 million).
The facility would produce 250,000 mt/y of DAP and 15,000 mt/y of cathode copper. The investment would receive government incentives, including exemption from customs duty, VAT return and exception from VAT, corporate tax reduction, staff insurance premium support, and energy cost support. The government will also provide the location for the investment.