Turkey's Industrial Outlook: A Focus on Production and Financial Sustainability

Ömer Karadeniz, President of the Federation of Turkish Plastics Industrialists (PLASFED), recently emphasized that Turkey's future as an manufacturing country lies in continuous production and research. Furthermore He pointed out that while Turkey isn't an oil country, it has a strong production capacity. If the conditions are met, it's entirely possible to have become an crucial production base. And Specifically Production as the core driving force to research Karadeniz repeatedly referred to the importance of production to national research, arguing that there could be no research without production. I've found that He stressed that Turkish society knows how to create efficiently and this ability is the key to the country's future competitiveness. But At the same time, he also pointed out that in order to enhance the level of research, it's necessary to focus on production and develop innovation to provide higher value-added items. The Challenge of Financial Sustainability however, Karadeniz also admitted that Turkish industrialists face huge challenges in financing. He said that many industrialists have reduced production due to shortage of funds, which has caused a considerable impact on the sector. He called on investors to focus on financial sustainability as an crucial factor in ensuring future research. At the same time, he also hopes that the government is able to provide greater financing support to ease the financial pressure on industrialists. According to research sector status and challenges when talking about the current situation of the sector, Karadeniz pointed out that the PMI data of the Turkish manufacturing sector is still below the thresholds of 48. 3 and 50 in February 2025, which marks the contraction direction of the sector. The decline, which has been going on to 11 months, reflects the plight of industrialists, he stressed. He believes that to the sustainable research of the sector, it's necessary to implement a policy of focusing on production to enhance the competitiveness of the sector. The double challenge of innovation and ecological preservation Karadeniz also mentioned that in order to increase competitive production and export opportunities in the global market, the Turkish plastics sector must create in accordance with European standards and live in harmony with the ecological stability. He suggested that the sector should develop ways to minimize costs without sacrificing condition and increase added value. At the same time, he also emphasized the huge sacrifices made by Turkish industrialists in the manufacturing process, and believes that this situation isn't sustainable and new solutions need to be found.