Opening of WNT Turkey

(PresseBox) ( Reutte, )
In the framework of its ongoing globalization, CERATIZIT S.A. has set up a new company in Turkey effective September, 1st 2008. It will be the 4th company within the WNT organization to focus on East Europe and adjacent markets. The company will be led by Mr. Hakan Sungur.

The new company called WNT Turkey will serve to the strongly growing Turkish hard materials and cutting tools market. It will be domiciled in Istanbul, Turkey.

It will be led by Mr. Hakan Sungur. Mr. Sungur, aged 42, looks back on more than 20 years in the cutting tool industry. He and his team of up to 11 people will support their customers throughout the country.

Thierry Wolter, CERATIZIT S.A. Board Member responsible for cutting tools says:

"Faced with the dramatic growth of the Turkish cutting tools market, we decided to open a subsidiary based on the successful WNT "total tooling = quality x service²" concept in order to continue to grow faster than its peers. Total Tooling offers all machining tools necessary for individual application steps, as well as all service and consultation for practical support of the machine user. Our presence in Turkey will bolster CERATIZIT's leading position in Europe and is in line with CERATIZIT's policy to be a market leader with consistent double-digit growth. We are very optimistic not only to be able to broaden the Turkish customer base substantially, but also to further accelerate the overall growth rate of the group".

Hakan Sungur, Managing director of WNT Turkey agrees: "A strong local team is the secret of success in the Turkish market. At the same time we have the backing of one of the most dynamic companies in the industry. CERATIZIT is already among the TOP 5 hard material suppliers in Turkey and is firm to achieve even more".

CERATIZIT S. A. - the company resulting from the merger between CERAMETAL and Plansee Tizit in 2002 - is a pioneer and global player in sophisticated hard material solutions. The company operates from Mamer, Luxembourg. In selected industrial sectors the 50% subsidiary of the Plansee group is the world market leader in unique and consistently innovative hard material products for wear protection and cutting tools.

In the automotive industry, mechanical engineering, oil industry, medical systems, electronics as well as mould and die making customers benefit from this fact. 400 active patents are owned by CERATIZIT worldwide. In the year 2007 the company had a sales volume of 600 mill. EUR and more than 4000 employees.
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