KMWE Precision Systems and Components enters into a 50/50 joint venture with Coskunoz Savunma va Havacilik AS, one of Turkey's leading manufacturing companies. The new joint venture will operate out of Eskisehir, Turkey and provide high-quality solutions to the aerospace and defense industries. KMWE CEO Edward Voncken stated he is excited about the venture and that Turkey is an advantageous place to invest due to its offset requirements, demand, labor quality, and working conditions. KMWE Managing Partner in Turkey Zeynel Aksoy looks forward to tremendous growth through creating this unique enterprise.
1. KMWE Precision Systems and Components enters into Joint Venture with one of
Turkey’s leading manufacturing companies in the Automotive.
FOR IMMEDIATE RELEASE
Edward Voncken,
CEO, KMWE Management BV
Croy 11
5653 LC EINDHOVEN
Phone : +31 (0)40 256 11 14
Fax: +31 (0)40 251 70 33
E-Mail: info@kmwe.com
Web: http://www.kmwe.com.
July 16 2010, Eindhoven
After a successful takeover in Malaysia, KMWE Precision Systems and Components in
Eindhoven, one of the most reputable Dutch suppliers in the Aerospace and Defence industry,
has decided to join forces with Coskonuz Savunma va Havacilik AS, one of the top 3 leading
manufacturing organisations in the Automotive and Aerospace Industry in Turkey. The new
organisation will continue its operations in Eskisehir, where Coskonuz already has an
established company for the Aerospace industry.
KMWE gets into a 50/50 Joint Venture with “Coskunoz Savunma va Havacilik AS”, which is
part of the “Coskunoz Holding Company”. Though this Joint Venture the company is able to
provide high-quality, value added solutions to the Turkish and international aerospace
customers as well for the defence industry for both local governments.
Edward Voncken, CEO of KMWE International B.V. and member of the newly established
board of the Joint Venture states that he is very excited about this venture and that this
establishment is in line with the growth plan in the Aerospace and Defence Industry of
KMWE. Mr Voncken explains: Turkey’s offset requirements and growing, both national and
international demand, makes Turkey one of the most advantageous areas to invest in”. He
continues: “ Also the quality of labour and the working conditions in Turkey contribute to a
successful investment in this country. The new organisation will lead to new opportunities to
provide world-class, quality services to both local governments as well for international
customers.”
KMWE Managing Partner in Turkey, Zeynel Aksoy adds: “We are very pleased to announce
the successful formation of the Joint Venture and look forward to a great future with
tremendous growth as a result of creating this unique enterprise, dedicated to providing high-
quality, value added solutions by bringing top of the line technology, automation and solid
business practices to meet the high standards and requirements of our global customers”.
Together with our partner, Coskunoz, we contribute an international presence and reputation
to our efforts as we built this new company.
KMWE, founded in 1953, has gained a leading position as a qualified supplier in the
Aerospace and Defence market by manufacturing highly integrated complex parts to the
world’s most leading programs such as Airbus A380 and Boeing B787. KMWE, headquartered
in Eindhoven, the Netherlands, and a site in Penang, Malaysia offers total solutions of
engineering, prototyping, machining, assembly and testing for the medical, diagnostic and
semiconductor market along with the Aerospace and Defence industry. The organisation is
specialized in the “High mix, low volume” market and is characterised by its highly
automated, process controlled production- and assembly process. After the crisis year KMWE
is resuming its growth with a turnover increase of more than 50% compared to 2009.
www.kmwe.com
2. Coskunoz, founded in 1951, is al leading power house with over 2000 employees. Coskunoz
Holding company with headquarter located in Bursa has 3 foreign partners in its 3 companies
with successful Joint Ventures. Originally Coskunoz was most active in the automotive
industry. In 2006, because of the JFS activities, Coskunoz made the decision to enter into
Aviation and Defence and formed a new production facility “Coskunoz Savunma Havacilik”.
This site is located in Eskisehir and produces airplane and helicopter body and –structural
parts in its 7000 sq.mt. closed facility.
www.csh.com.tr
KMWE Contact People:
Eindhoven, Netherlands
Edward Voncken,
CEO, KMWE Management BV
Croy 11
5653 LC EINDHOVEN
Phone : +31 (0)40 256 11 14
Fax: +31 (0)40 251 70 33
By absence:
Inge Verheggen
Marketing & Sales Assistant
Phone: +31 (0)40 256 11 69
E-Mail: info@kmwe.com
Web: http://www.kmwe.com.
Eskisehir, Turkey
Zeynel AKSOY,
Managing Partner, KMWE Operations in Turkey
C/O Coskunoz Savunma Havacilik
Organize Sanayi Bölgesi 19. Cadde No:16 26110 ESK ŞEH R / TÜRK YE
Phone: +90 222 236 2180
Fax: +90 222 236 21 87
E-Mail: z.aksoy@coskunoz.com.tr
Web: http://www.csh.com.tr/