The Turkish foundry sector is preparing to take advantage of new opportunities in Europe

During a visit to the Turkish newspaper Ekonomim, the leadership of the Turkish Foundry Association (TÜDÖKSAD) shared their assessments of the current state of the Turkish foundry sector and new opportunities emerging in Europe. TÜDÖKSAD stated that growing protectionism in global trade, EU policies, price pressures and difficulties in accessing finance have brought the Turkish foundry sector to a critical threshold, while production losses in Europe have created a new "gap" for Turkey. Stressing that the cost of entering the European market has increased, the association stressed that the sector should move forward not with short-term, temporary solutions, but with a long-term restructuring model.

Many foundries are closed, especially in Germany

Noting that the closure of many foundries across Europe, especially in Germany, could create significant opportunities for Turkey, Kadir Efe, Chairman of TÜDÖKSAD, stressed that in order to take advantage of this opportunity on a sustainable basis, it is necessary to strengthen the financial structure of the sector. According to Mr. Efe, there are practically no companies in the sector that do not rely on working capital, and with the addition of investment loans, the cycle can become unstable.

Efe noted that at a time when global trade is increasingly shifting towards political and geopolitical frameworks, the biggest challenge for the sector will be the areas of efficiency, capital structure and strategic planning. He stressed that