# Kaishan Group to build $1 billion compressor plant at İZBAŞ, Turkey

Chinese compressor maker Kaishan Group plans a $1 billion factory on a 20,000 square metre site in the İzmir Free Zone (İZBAŞ) to make compressors for geothermal and industrial plants, mainly for export. Groundbreaking was expected in Q1 2025, with completion within a year.

- Type: New facility
- Announced: 2024-11-18
- Where: İzmir Free Zone (İZBAŞ), Türkiye
- Value: $1.00B
- Status: announced
- Products: compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Kaishan Group](https://endata.com/companies/3605.md)
- [İZBAŞ](https://endata.com/companies/12485.md) (partner)

## Sources

- [dha.com.tr](https://www.dha.com.tr/yerel-haberler/izmir/cinli-dunya-kompresor-devinden-izbasa-1-milyar-2534189), 2024-11-18: "dünyanın en büyük kompresör üreticisi Çin merkezli Kaishan Group, İZBAŞ'taki 20 bin metrekarelik alanda 1 milyar dolara mal olacak fabrika yatırımı yapacak."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.