Türk Prysmian Kablo, located in Mudanya district of Bursa, continued to grow in both domestic and international markets according to its financial results for 2020.
BURSA (İGFA) – Explaining, Türk Prysmian Kablo factory increased its turnover by 23 percent compared to 2019, to 1 billion 802 million 184 thousand 466 TL. The net profit of the company, which increased the share of exports in turnover to 37 percent compared to 2019, was announced as 42 million 418 thousand 644 TL with an increase of 17.9 percent compared to the previous year.
R&D EXPENDITURES RISE ALSO
In its factory in Mudanya, the first T.C. Türk Prysmian Kablo, which has an R&D Center approved by the Ministry of Science, Industry and Technology, has announced that its R&D expenditures increased by 14.4 percent in 2020, reaching 4 million 651 thousand 103 TL.
Despite the challenging conditions of the time they closed with growth in 2020 stated that Turkey Prysmian CEO Cinzia Faris said 2021 years in Turkey’s most R & D spending that company, it will continue investments on environmentally sound new products and systems. Stating that they will continue to develop innovative products and increase the sales of green products in 2021, CEO Cinzia Farisé stated that they will continue to support the production of renewable energy and sustainable technology in this process.