"The biggest obstacle to investment is interest rate"

"The biggest obstacle to investment is interest rate"
Date: 8.2.2024 10:00

In Turkey, where interest rates are 45 percent, the production sector is most affected by high interest rates.

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Rubber Plastic Mold Hardware Foreign Trade Ltd. Ltd. Chairman of the Board of Directors, Ekrem Peker, noted that people's purchasing power is decreasing due to high inflation and money is constantly melting.
 
"We founded our company in 1996, and we did good work during the reign of our late Milli Gçrüş leader, Erbakan Hodja. At that time, there was goodness and abundance in money. People had morality and honesty. Global imperialists, who do not want Turkey to move forward and become self-sufficient, have swayed our Hodja. After that, the Ecevit government came. During his time, there was inflation, but there was also money. During the AK Party period, mistakes began in the economy. Right now, when it comes to economy in Turkey, everything is extremely expensive. Fuel prices are constantly increasing. In the market, everything depends on determining the prices of the products and everything on transportation. The government says it will reduce inflation, but it is not clear when inflation will be reduced. The increase in the minimum wage and the raises given to retirees have eroded before they even reach their pockets," Peker said.
 
We export indirectly to all over the world
 
Peker stated that they are the only companies they work with, that they export to all over the world through them, and that the sectors they work in are companies such as Turkcell and Türk Telekom.
 
"We are a company that produces plastic, rubber, silicone and all their seals. Our production department is in Bayrampaşa," Peker added.
 
Peker noted that they also work with sectors such as shipbuilding, construction, textile (fabric and thread dyeing), iron and steel, healthcare, heavy industry, glassware, foundry and government organizations.
 
"Moreover; We also produce tunnel insulation (washers) materials in Türkiye and Europe. With this; We would like to point out that we have international sales," Peker said.
 
"Heat oil, O-Rings, V-Rings, Aliva Gaskets against pressure, Fuel Oil, Round wicks, sponge profiles, hatch cover tires, village wedges, liner and cavern gaskets, bolted and boltless tire wedges and elevator tires against shock and noise, cork We produce sheets, plastic feet, klingrite sheets, natural rubber sheets with artificial points, sandblasting rubbers, polyurethane EDM, neoprene, natural, viton, synthetic and silicone. Our technical products are made from raw materials, polyemidderlin, ABS, polycarbonate and furniture. Our factory is 500 square meters and has a CNC mold processing center, 6 injection machines and 4 rubber presses. We can manufacture all kinds of rubber products, whether available or not," Peker said.

YEREL HABERLER

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