The next copper wiring in your house may be …..
I just saw this in our local paper.
I cannot imagine that those SOBs have moved to my backyard.
Where are our Bakhrji-ians, Kazanji-ian , Pghndzakords-ians?
Are they all involved in stealing copper wiring to convert it to gold?!!!
BTW. Read “sark” as the Arabic “shark” to mean “orient/east/dawn, arevelq/arevatsak/arshaluys”.
QUOTE
Albany's Turkish connection
Nation's biggest wire manufacturer chooses Capital Region as site of its first U.S. operation By ERIC ANDERSON, Deputy business editor
Click byline for more stories by writer.
First published: Thursday, September 11, 2008
ALBANY -- Turkey's largest wire manufacturing company will open its first U.S. operation in a former printing plant in Albany's west end by the second half of next year.
Sark-USA Inc. announced its plans for the facility at a news conference Wednesday morning at 120 Industrial Park Road.
The company will locate in 50,000 square feet off Interstate 90, and will hire 30 workers initially. Sark Wire Corp. bought the building in April from Moore Wallace North America Inc., a unit of R.R. Donnelly, for $1.65 million.
The company will invest $10 million at the site, including the building's purchase, and expects to process 30 million pounds of copper annually into wire and cable.
Sark-USA, based in Saddle Brook, N.J., is a wholly owned subsidiary of Sarkuysan Elektrolitik Bakir Sanayii ve Ticaret A.S. of Istanbul, also known as the Sark Group of Cos. Sarkuysan has been exporting high-quality copper and copper alloy conductors to the United States and 60 other countries for more than 25 years, according to the Sark-USA Web site.
Publicly traded Sarkuysan has 750 employees and $1.5 billion in annual revenue.
Sark-USA will receive Empire Zone credits for job creation and training, as well as reduced rates for electricity.
Michael Yevoli, Albany's director of planning and economic development, said no direct grants were given to the company.
Tolga Kaan Isik, Sark-USA's vice president, said the company has room to expand at the four-acre site, which includes the vacant building once occupied by Moore Wallace.
Donnelly, based in Chicago, closed the Moore Wallace plant in July 2007, throwing 74 people out of work. Moore Wallace had been acquired by Donnelly in 2004.
From the facility, Sark plans to serve the domestic market as well as export its products from here to Canada and South America.
"North America is a growing market for the Sark Group of Cos.," Isik said. He added that the weaker U.S. dollar, and the rising transport costs to move products from Turkey to the United States, were among the factors that led to its decision to locate in Albany.
The company, which ships product mainly by truck, also said the location next to I-90 was a plus.
Turkish government officials at Wednesday morning's announcement welcomed the investment by Sark.
"We have excellent relations, the U.S.A. and Turkey," said A. Basar Sen, Turkish consul to the United States. "Our aim is to bring the Turkish and American economies more together."
Said Mehmet Ali Erdem, commercial attache to the Turkish consulate in New York City, "This investment will be a good example for other Turkish companies to invest in the United States." He said more than 900 U.S. companies have operations in Turkey, and have invested $9 billion there.
While Sark supplies General Electric Co., Isik said it would seek to expand its customer base locally. Eric Anderson can be reached at 454-5323 or by e-mail at eanderson@timesunion.com.
SARK GROUP OF COS.
What it does: Manufactures copper wire and cable
Headquarters: Istanbul, Turkey
Founded: 1972
Nation's biggest wire manufacturer chooses Capital Region as site of its first U.S. operation By ERIC ANDERSON, Deputy business editor
Click byline for more stories by writer.
First published: Thursday, September 11, 2008
ALBANY -- Turkey's largest wire manufacturing company will open its first U.S. operation in a former printing plant in Albany's west end by the second half of next year.
Sark-USA Inc. announced its plans for the facility at a news conference Wednesday morning at 120 Industrial Park Road.
The company will locate in 50,000 square feet off Interstate 90, and will hire 30 workers initially. Sark Wire Corp. bought the building in April from Moore Wallace North America Inc., a unit of R.R. Donnelly, for $1.65 million.
The company will invest $10 million at the site, including the building's purchase, and expects to process 30 million pounds of copper annually into wire and cable.
Sark-USA, based in Saddle Brook, N.J., is a wholly owned subsidiary of Sarkuysan Elektrolitik Bakir Sanayii ve Ticaret A.S. of Istanbul, also known as the Sark Group of Cos. Sarkuysan has been exporting high-quality copper and copper alloy conductors to the United States and 60 other countries for more than 25 years, according to the Sark-USA Web site.
Publicly traded Sarkuysan has 750 employees and $1.5 billion in annual revenue.
Sark-USA will receive Empire Zone credits for job creation and training, as well as reduced rates for electricity.
Michael Yevoli, Albany's director of planning and economic development, said no direct grants were given to the company.
Tolga Kaan Isik, Sark-USA's vice president, said the company has room to expand at the four-acre site, which includes the vacant building once occupied by Moore Wallace.
Donnelly, based in Chicago, closed the Moore Wallace plant in July 2007, throwing 74 people out of work. Moore Wallace had been acquired by Donnelly in 2004.
From the facility, Sark plans to serve the domestic market as well as export its products from here to Canada and South America.
"North America is a growing market for the Sark Group of Cos.," Isik said. He added that the weaker U.S. dollar, and the rising transport costs to move products from Turkey to the United States, were among the factors that led to its decision to locate in Albany.
The company, which ships product mainly by truck, also said the location next to I-90 was a plus.
Turkish government officials at Wednesday morning's announcement welcomed the investment by Sark.
"We have excellent relations, the U.S.A. and Turkey," said A. Basar Sen, Turkish consul to the United States. "Our aim is to bring the Turkish and American economies more together."
Said Mehmet Ali Erdem, commercial attache to the Turkish consulate in New York City, "This investment will be a good example for other Turkish companies to invest in the United States." He said more than 900 U.S. companies have operations in Turkey, and have invested $9 billion there.
While Sark supplies General Electric Co., Isik said it would seek to expand its customer base locally. Eric Anderson can be reached at 454-5323 or by e-mail at eanderson@timesunion.com.
SARK GROUP OF COS.
What it does: Manufactures copper wire and cable
Headquarters: Istanbul, Turkey
Founded: 1972
