The Czech Republic based butterfly valve manufacturer ABO is establishing a branch in Turkey, expanding its branch network up to seven in total. Currently, the Olomouc-based parent company manages six foreign branches and as of August, a new branch in Istanbul, Turkey will start operations. Turkey was chosen due to its increasing role in global economy with strong prospectus for growth in the power and industrial sectors. Istanbul was logically chosen due to its position as the heart of the Turkish economy.
Establishment of a branch office in Turkey has been preceded by a series of steps concerning administrative and financial considerations. The whole process was co-ordinated with an external partner as far as legal issues.
Originated in Olomouc, Czech Republic, as single production facility for concentric valves, ABO valve grew over time into a whole group of ABO entities. ABO senior management continues to evaluate potential markets with the aim of strengthening ABO presence on those markets in the near future. A very promising geographical area appears to be the United Arab Emirates, which are currently being serviced by the branch in Bahrain. UAE is being considered as a hub for further expansion of ABO production and services in the region.
