Federal Mermer reserved USD 1 million for investments in new quarries and machinery
With its three active quarries and a factory producing marble blocks and slabs , Federal Mermer reserved USD 1 million for investments in new quarries and machinery. The company continues to promote its new quarry opened in 2017 in the local and international markets and sees Xiamen Trade Show and Izmir Marble Trade Show as important opportunities. The Chairman of Federal Mermer, İsmail Kurt told that they concentrate their R&D activities always on finding new quarries and spend 5% of their total budget on R&D and that they export to 10 countries.
İsmail Kurt told that Federal Mermer has always been concentrated on export markets since its foundation in 1998 in Vezirhan, Bilecik and they export 70 percent of their production as marble blocks and slabs to 10 countries which include China and India. Kurt noted that they plan to produce 500 thousand cubic metres slabs and 25 thousand stones from the quarries this year similar to the previous years and they also plan to install a oven to cure resins applied on marble to increase the capacity of their factories.
İsmail Kurt explained their company's financial figures in 2017 were similar to those in previous year and products from the quarry opened in 2017 were introduced to the market within the year.