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ISTANBUL, April 25, 2025 /PRNewswire/ -- Rönesans Holding, one of Europe's leading contracting and investment groups, has initiated one of the largest private sector investments in Türkiye to date: the construction of a new Polypropylene (PP) Production Plant and Liquid Bulk Terminal in Ceyhan. With a total investment of $2 billion, these strategic projects aim to increase Türkiye's industrial self-sufficiency, reduce foreign dependency, and enhance the country's position in global trade.
Dr. Erman Ilıcak, Honorary President of Rönesans Holding, said: "Once operational, these projects will directly contribute USD 300 million annually to reducing Türkiye's current account deficit."
Rönesans Holding recently announced that it has secured total of $1.3 billion in financing for these projects –from the U.S. International Development Finance Corporation (DFC) and Spain's Export Credit Agency (Cesce).
Dr. Ilıcak highlighted the group's longstanding role in advancing Türkiye's economy through value-added projects: "Our story began with international contracting services. To date, we have undertaken projects worth a total of USD 50 billion. Seventy per cent of this, approximately USD 35 billion, was carried out abroad, and we have pioneered many firsts in the world in this field. We have worked on a wide range of projects, from Europe's longest tunnel to its tallest building, from the world's largest GTG facility to the world's largest seismically isolated building. Following this, we became a large-scale investment holding company operating in real estate, social infrastructure, renewable energy, and more recently, industrial facilities. Over the past 15 years, with the significant contributions of stakeholders such as the World Bank's investment arm IFC and the EBRD, we have structured our business in line with sustainable development goals."
He continued: "Our model is centred on developing the right project with the right partners, and delivering it at the right time. We have successfully implemented this model with partners such as Singapore's sovereign wealth fund GIC, Meridiam Infrastructure from France, Japan's Sojitz, Samsung C&T, and TotalEnergies. Together, we have completed $10 billion worth of investments in Türkiye. These initiatives have laid the foundation for broader transformation, and we will continue to focus on projects that help reduce our country's trade gap."
Ceyhan Projects Developed with Expertise from 12 Countries
Reflecting on shifting global economic trends, Dr. Ilıcak said: "Protectionism is increasing, and supply chains are being reshaped. Energy and production are becoming localised. This transformation holds significant opportunities for countries like ours. In particular, strategic heavy industry investments are needed to reduce the foreign trade deficit arising due to imports of industrial machinery, plastics and chemicals, as well as industrial and precious metals. Over the past 10 years, industrial investments totalling approximately USD 20 billion have been made in Türkiye, including projects worth over USD 500 million. But this is not enough."
He further emphasised: "To close the gap, Türkiye needs to allocate at least $12 billion annually over the next five years, totalling $60 billion. If an investment initiative of this scale is undertaken, we could see a USD 15 billion annual increase in GDP and a USD 10 billion reduction in the foreign trade deficit. At Rönesans Holding, we have secured international financing for our Ceyhan Polypropylene Production Facility and Liquid Bulk Terminal investments, totalling USD 2 billion, which serve this very purpose. The construction of these projects, developed in collaboration with expert solution partners from 12 countries, are ongoing. Once operational, these investments will directly contribute USD 300 million annually to reducing Türkiye's current account deficit."
Attracting Foreign Investment Through Strong Partnerships
Dr. Ilıcak also reflected on the importance of international collaborations: "Perhaps the most challenging project we undertook with the EBRD was Türkiye's transformation in healthcare. The EBRD shared its expertise from around the world. As a result, Türkiye was able to attract USD 15 billion in financing from abroad and carry out its healthcare transformation. We also worked with the IFC for many years on project financing. In difficult conditions, IFC has always stood by our side. We have formed company partnerships with them. Most recently, we have been developing a PPP hospital in Kazakhstan together. In every project we have undertaken, the first question they asked was, 'What will be the social impact of this?' Profitability was always the last topic. Those are the reasons why I am grateful to both banks."
He concluded: "Our relations with Central Asian countries, in particular, have developed substantially. Then, our ties with African countries began to strengthen. Today, Türkiye has become a hub that serves a population ten times its own, meeting needs such as healthcare and education. We closely follow these developments and ensure that growing diplomatic relations are also reflected in trade. We are working to support the progress of Türkiye's industrialisation initiative. We secure financing from abroad to carry out our projects wherever possible instead of using our country's limited resources."
ISTANBUL, April 25, 2025 /PRNewswire/ -- Rönesans Holding, one of Europe's leading contracting and investment groups, has initiated one of the largest private sector investments in Türkiye to date: the construction of a new Polypropylene (PP) Production Plant and Liquid Bulk Terminal in Ceyhan. With a total investment of $2 billion, these strategic projects aim to increase Türkiye's industrial self-sufficiency, reduce foreign dependency, and enhance the country's position in global trade.
Dr. Erman Ilıcak, Honorary President of Rönesans Holding, said: "Once operational, these projects will directly contribute USD 300 million annually to reducing Türkiye's current account deficit."
Rönesans Holding recently announced that it has secured total of $1.3 billion in financing for these projects –from the U.S. International Development Finance Corporation (DFC) and Spain's Export Credit Agency (Cesce).
Dr. Ilıcak highlighted the group's longstanding role in advancing Türkiye's economy through value-added projects: "Our story began with international contracting services. To date, we have undertaken projects worth a total of USD 50 billion. Seventy per cent of this, approximately USD 35 billion, was carried out abroad, and we have pioneered many firsts in the world in this field. We have worked on a wide range of projects, from Europe's longest tunnel to its tallest building, from the world's largest GTG facility to the world's largest seismically isolated building. Following this, we became a large-scale investment holding company operating in real estate, social infrastructure, renewable energy, and more recently, industrial facilities. Over the past 15 years, with the significant contributions of stakeholders such as the World Bank's investment arm IFC and the EBRD, we have structured our business in line with sustainable development goals."
He continued: "Our model is centred on developing the right project with the right partners, and delivering it at the right time. We have successfully implemented this model with partners such as Singapore's sovereign wealth fund GIC, Meridiam Infrastructure from France, Japan's Sojitz, Samsung C&T, and TotalEnergies. Together, we have completed $10 billion worth of investments in Türkiye. These initiatives have laid the foundation for broader transformation, and we will continue to focus on projects that help reduce our country's trade gap."
Ceyhan Projects Developed with Expertise from 12 Countries
Reflecting on shifting global economic trends, Dr. Ilıcak said: "Protectionism is increasing, and supply chains are being reshaped. Energy and production are becoming localised. This transformation holds significant opportunities for countries like ours. In particular, strategic heavy industry investments are needed to reduce the foreign trade deficit arising due to imports of industrial machinery, plastics and chemicals, as well as industrial and precious metals. Over the past 10 years, industrial investments totalling approximately USD 20 billion have been made in Türkiye, including projects worth over USD 500 million. But this is not enough."
He further emphasised: "To close the gap, Türkiye needs to allocate at least $12 billion annually over the next five years, totalling $60 billion. If an investment initiative of this scale is undertaken, we could see a USD 15 billion annual increase in GDP and a USD 10 billion reduction in the foreign trade deficit. At Rönesans Holding, we have secured international financing for our Ceyhan Polypropylene Production Facility and Liquid Bulk Terminal investments, totalling USD 2 billion, which serve this very purpose. The construction of these projects, developed in collaboration with expert solution partners from 12 countries, are ongoing. Once operational, these investments will directly contribute USD 300 million annually to reducing Türkiye's current account deficit."
Attracting Foreign Investment Through Strong Partnerships
Dr. Ilıcak also reflected on the importance of international collaborations: "Perhaps the most challenging project we undertook with the EBRD was Türkiye's transformation in healthcare. The EBRD shared its expertise from around the world. As a result, Türkiye was able to attract USD 15 billion in financing from abroad and carry out its healthcare transformation. We also worked with the IFC for many years on project financing. In difficult conditions, IFC has always stood by our side. We have formed company partnerships with them. Most recently, we have been developing a PPP hospital in Kazakhstan together. In every project we have undertaken, the first question they asked was, 'What will be the social impact of this?' Profitability was always the last topic. Those are the reasons why I am grateful to both banks."
He concluded: "Our relations with Central Asian countries, in particular, have developed substantially. Then, our ties with African countries began to strengthen. Today, Türkiye has become a hub that serves a population ten times its own, meeting needs such as healthcare and education. We closely follow these developments and ensure that growing diplomatic relations are also reflected in trade. We are working to support the progress of Türkiye's industrialisation initiative. We secure financing from abroad to carry out our projects wherever possible instead of using our country's limited resources."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
2 Billion USD Polypropylene (PP) Production Plant and Terminal Investment to Contribute $300 Million Annually to Türkiye's Trade Balance
2 Billion USD Polypropylene (PP) Production Plant and Terminal Investment to Contribute $300 Million Annually to Türkiye's Trade Balance
SHENZHEN, China, Jan. 12, 2026 /PRNewswire/ -- Yaber, a globally recognized home tech brand, today announced its expansion into the smart cleaning category. As part of its broader brand development strategy, Yaber continues to evolve its multi-category portfolio under a unified brand architecture that includes its established entertainment line, Yaber Projector, and its newly introduced home appliance line, Yaber Home.
The company revealed plans to launch its first smart cleaning product line under Yaber Home in Q1 2026, introducing two cordless vacuum cleaners and marking a key step in Yaber's expansion into diversified smart home scenarios beyond home entertainment.
The upcoming lineup will include the L10 Entry-Level Cordless Handheld Vacuum Cleaner and the P20 High-Value Cordless Vacuum Cleaner. With clearly differentiated positioning, the two models are designed to address a wide range of household cleaning needs—from lightweight daily maintenance to high-frequency family use—reflecting Yaber's strategic move into everyday living environments.
According to Yaber, the L10 emphasizes lightweight design and ease of use, targeting first-time cordless vacuum users and consumers seeking a simple, reliable cleaning solution. The P20, positioned around strong value, is engineered to balance performance, battery life, and practical functionality, meeting the needs of families that prioritize efficiency and affordability. Together, the two products form the foundation of the Yaber Home smart cleaning portfolio.
Since its founding, Yaber has built strong global brand recognition through Yaber Projector, delivering cost-effective and dependable entertainment projectors to users in more than 120 countries and regions worldwide. Building on its experience in product design, technology integration, and user-centric development, Yaber is now extending its capabilities into high-frequency home appliance categories through Yaber Home, with a focus on practical innovation and everyday usability.
Yaber stated that the launch of its smart cleaning line represents an important milestone in the brand's long-term growth. Looking ahead, the company plans to continue expanding both Yaber Projector and Yaber Home around core household use cases, accelerating its evolution into a multi-category, full-scenario smart living brand.
About Yaber
Founded in 2018, Yaber pioneered the entertainment projector category and has since delivered immersive audiovisual experiences to users in over 120 countries and regions worldwide. Under its unified brand structure, Yaber operates across multiple product categories, including Yaber Projector for home entertainment and Yaber Home for smart household appliances. Committed to innovation, performance, and user-centric design, Yaber has received multiple international accolades, including the Red Dot Award, IDEA Award, VGP Award, and CES Innovation Award. Today, Yaber continues to expand its product ecosystem to enhance everyday living through smart technology.
For more information, please visit official Yaber website or follow Yaber on Facebook.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Yaber Expands into Smart Cleaning Category with Launch of Two Cordless Vacuum Cleaners
