{"id":17030,"date":"2025-01-20T15:07:24","date_gmt":"2025-01-20T08:07:24","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=17030"},"modified":"2025-01-20T15:07:24","modified_gmt":"2025-01-20T08:07:24","slug":"ktg-accelerates-global-manufacturing-through-turkiye-factory-expansion","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=17030","title":{"rendered":"KT&G Accelerates Global Manufacturing through T\u00fcrkiye Factory Expansion"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

– Expedites exports to North Africa<\/span>, Latin America<\/span>, and other locations by instating basis for global business<\/p>\n

SEOUL, South Korea<\/span><\/span>, Jan. 20, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0On the 16th<\/sup>, KT&G Corporation (“KT&G”) (KRX: 033780) hosted a ceremony celebrating the T\u00fcrkiye factory expansion. The expansion is part of KT&G’s efforts to leap to a “Global Top-tier” and to strengthen its global operations.<\/p>\n

\n

\"On<\/a>
On the 16th, KT&G celebrated the expansion of its Turkiye factory to fulfill its goal to leap to a ‘Global Top-tier’ and to expand its global operations. Photo shows major participants of the ceremony held in including KT&G CEO Kyung-man Bang (fourth from right), Tire District Governor Vural Karagul (third from right), and Korean ambassador to Turkiye Yeon-doo Jeong (fourth from left)<\/span><\/p>\n<\/div>\n

Around 50 major participants, including KT&G’s CEO Kyung-man Bang, Tire District Governor Vural Karag\u00fcl<\/span>, the Korean ambassador to T\u00fcrkiye Yeon-doo Jeong, Tire Mayor Hayati Okuro\u011flu<\/span>, and President of Department of Tobacco and Alcohol U\u011fur Yal\u00e7\u0131n attended the factory’s ceremony held in Tire, Izmir.\u00a0<\/p>\n

KT&G invested more than $60 million<\/span> to install two new high-tech manufacturing facilities. The factory was expanded by 1.5 times and now has a total area of 25,000 square meters. After the expansion, the T\u00fcrkiye factory has a total of four cigarette making machines with a capacity to produce 12 billion sticks of cigarettes annually. After this investment, KT&G’s total investment adds up to $110 million<\/span>. The expansion created 60 new jobs, and a total exceeding 200 people will be employed by the T\u00fcrkiye factory.<\/p>\n

The T\u00fcrkiye factory will become KT&G’s outpost and core manufacturing facility to meet export demands to the Northern African and Latin American markets that are showing steady growth.<\/p>\n

In 2008, KT&G established its first overseas factory, the T\u00fcrkiye factory. KT&G has since continued to fortify its global operations; currently KT&G is building factories in Indonesia<\/span> and Kazakhstan<\/span>, and the Kazakhstan<\/span> factory construction will be completed within the year. KT&G plans to use its global manufacturing basis to create a completely local value chain that oversees everything from manufacturing to operations and distribution, increasing its profitability.<\/p>\n

The T\u00fcrkiye factory expansion comes as part of the growth investment KT&G has announced during the “Future Vision Declaration Ceremony” in January of 2023. During the ceremony KT&G presented its mid to long-term vision of becoming a ‘Global Top-tier’ as well as its growth strategy of focusing on the three core businesses\u2014NGP (Next Generation Products), overseas cigarettes, and health functional foods. KT&G plans to increase the proportion of its global revenue to 50% by 2027.<\/p>\n

Kyung-man Bang, CEO of the KT&G, stated that “the factory expansion has made the T\u00fcrkiye factory a global hub that will tow the growth of KT&G’s global business and an outpost for a leap to a ‘Global Top-tier’, our group’s vision for the future” and that “KT&G will continue to reinforce its competitive capabilities by investing in the three core businesses and through its readiness for the future”.<\/p>\n

Tire District Governor Vural Karag\u00fcl<\/span> thanked KT&G for its investments during his congratulatory speech, going on to say that “the KT&G factory will contribute to the local economy while facilitating the sustainable growth of Tire with its environmentally-friendly manufacturing operations.”<\/p>\n

KT&G has six global corporations in various locations like Uzbekistan<\/span>, T\u00fcrkiye, Indonesia<\/span>, and Taiwan<\/span>, and branches in Mongolia<\/span>, Europe<\/span>, and China<\/span> to continuously grow its global business. KT&G is well known for its brand ESSE and BOHEM.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

– Expedites exports to North Africa<\/span>, Latin America<\/span>, and other locations by instating basis for global business<\/p>\n

SEOUL, South Korea<\/span><\/span>, Jan. 20, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0On the 16th<\/sup>, KT&G Corporation (“KT&G”) (KRX: 033780) hosted a ceremony celebrating the T\u00fcrkiye factory expansion. The expansion is part of KT&G’s efforts to leap to a “Global Top-tier” and to strengthen its global operations.<\/p>\n

\n

\"On<\/a>
On the 16th, KT&G celebrated the expansion of its Turkiye factory to fulfill its goal to leap to a ‘Global Top-tier’ and to expand its global operations. Photo shows major participants of the ceremony held in including KT&G CEO Kyung-man Bang (fourth from right), Tire District Governor Vural Karagul (third from right), and Korean ambassador to Turkiye Yeon-doo Jeong (fourth from left)<\/span><\/p>\n<\/div>\n

Around 50 major participants, including KT&G’s CEO Kyung-man Bang, Tire District Governor Vural Karag\u00fcl<\/span>, the Korean ambassador to T\u00fcrkiye Yeon-doo Jeong, Tire Mayor Hayati Okuro\u011flu<\/span>, and President of Department of Tobacco and Alcohol U\u011fur Yal\u00e7\u0131n attended the factory’s ceremony held in Tire, Izmir.\u00a0<\/p>\n

KT&G invested more than $60 million<\/span> to install two new high-tech manufacturing facilities. The factory was expanded by 1.5 times and now has a total area of 25,000 square meters. After the expansion, the T\u00fcrkiye factory has a total of four cigarette making machines with a capacity to produce 12 billion sticks of cigarettes annually. After this investment, KT&G’s total investment adds up to $110 million<\/span>. The expansion created 60 new jobs, and a total exceeding 200 people will be employed by the T\u00fcrkiye factory.<\/p>\n

The T\u00fcrkiye factory will become KT&G’s outpost and core manufacturing facility to meet export demands to the Northern African and Latin American markets that are showing steady growth.<\/p>\n

In 2008, KT&G established its first overseas factory, the T\u00fcrkiye factory. KT&G has since continued to fortify its global operations; currently KT&G is building factories in Indonesia<\/span> and Kazakhstan<\/span>, and the Kazakhstan<\/span> factory construction will be completed within the year. KT&G plans to use its global manufacturing basis to create a completely local value chain that oversees everything from manufacturing to operations and distribution, increasing its profitability.<\/p>\n

The T\u00fcrkiye factory expansion comes as part of the growth investment KT&G has announced during the “Future Vision Declaration Ceremony” in January of 2023. During the ceremony KT&G presented its mid to long-term vision of becoming a ‘Global Top-tier’ as well as its growth strategy of focusing on the three core businesses\u2014NGP (Next Generation Products), overseas cigarettes, and health functional foods. KT&G plans to increase the proportion of its global revenue to 50% by 2027.<\/p>\n

Kyung-man Bang, CEO of the KT&G, stated that “the factory expansion has made the T\u00fcrkiye factory a global hub that will tow the growth of KT&G’s global business and an outpost for a leap to a ‘Global Top-tier’, our group’s vision for the future” and that “KT&G will continue to reinforce its competitive capabilities by investing in the three core businesses and through its readiness for the future”.<\/p>\n

Tire District Governor Vural Karag\u00fcl<\/span> thanked KT&G for its investments during his congratulatory speech, going on to say that “the KT&G factory will contribute to the local economy while facilitating the sustainable growth of Tire with its environmentally-friendly manufacturing operations.”<\/p>\n

KT&G has six global corporations in various locations like Uzbekistan<\/span>, T\u00fcrkiye, Indonesia<\/span>, and Taiwan<\/span>, and branches in Mongolia<\/span>, Europe<\/span>, and China<\/span> to continuously grow its global business. KT&G is well known for its brand ESSE and BOHEM.<\/p>\n

\n<\/div>\n

<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-17030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/17030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17030"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/17030\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}