Turkey’s Zorlu Plans to Invest $1 Billion in 2012, Anatolia Says

Zorlu Holding AS, a Turkish company active in consumer electronics, household appliances, energy and real estate, plans to invest more than $1 billion this year, Anatolia news agency reported, citing Chairman Ahmet Nazif Zorlu.

Investment will go into home appliances, wind and geothermal energy, mining and real estate, the Ankara-based agency cited Zorlu as saying.

The company’s energy producer, Zorlu Enerji Elektrik Uretim AS (ZOREN), has wind-power projects in Pakistan and Vestel Elektronik Sanayi & Ticaret AS (VESTL), a unit that makes television sets, will be the main focus of the investment plan, Zorlu told Anatolia.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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