According to a report by N.News on October 20th, South Korean tobacco company KT&G announced a factory expansion ceremony held in Turkey.
The ceremony took place at the existing factory in the Tire district of Izmir province, Turkey. KT&G CEO Bang Kyung-Man and South Korean Ambassador to Turkey Jung Yeon-doo attended the event.
With this expansion, the total area of KT&G's Turkish factory has reached 25,000 square meters, increasing by approximately 1.5 times. In addition, two new production equipment have been introduced, bringing the total number of cigarette production lines in the factory to four, with an annual production capacity of 12 billion units.
A spokesperson for KT&G stated that the Turkish factory will serve as the company's export outpost and core production base to meet the growing demand in North Africa and Central and South America markets.
In 2008, KT&G established a factory in Turkey as its first overseas production base. Currently, KT&G is constructing another new factory in Indonesia, and is also planning to complete the construction of a new factory in Kazakhstan by 2025.
Bang Kyung-Man emphasized that the Turkish factory will become an overseas production hub driving global business expansion, as well as an important outpost for KT&G to achieve its vision of becoming a global leader.
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