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Chinese-capital Kaishan Group officially opened its factory at İZBAŞ in the Izmir Free Zone, Türkiye, built on 20,000 square meters with a USD 20 million investment. It will make drilling equipment and compressors for geothermal power plants for domestic use and export.
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.