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©2011FicosaInternational,S.A.AllRightsReserved.
PRACTICAL EXPERIENCE IN THE
IMPLEMENTATION IN TURKEY OF FICOSA
INTERNATIONAL
April 17th, 2013
18th February 2011
V.0203
 Family own company founded in 1949
 Headquarters in Barcelona (Spain)
 Activity: Automotive Global Supplier (Tier1)
 Turnover: € 800 MM
 Team: 7.500 people worldwide
 We are present in 19 different countries (Europe,
North America, South America, Asia)
 Our R & D investments represent the 4% of our
total Group’s sales
FICOSA Overview
Ficosa Headquarters & Tech Center in
Viladecavalls (Barcelona - Spain)
36 M €

195 M € 593 M €
1949 – 1986
Local market
1987 – 1995
European market
1996 – 2001
Global market
2002 – Today
Global organization
745 M €

FICOSA Group Structure
Communications V2V
& V2I
ADAS Systems
Driver Monitoring
Innovative controls
Haptic consoles
Battery pack (EV – HEV)
Automotive Industrial
Vehicle
Ficosa
Technology
Rear-view
Systems
Rear-view
ADAS
Communi-
cations
Wind
Systems
Components
and systems
for solar
energy
Systems
for seats &
doors
Underhood
Systems
Command
& Control
Systems
Electronic
Engineering
Renewables
P
O
PLANTS
TECHNICAL CENTERS
COMMERCIAL OFFICES
TC
Detroit (Mi)
Crossville (TN)
Shelbyville (KY)
Berne (IN)
OP TC
Salinas-Victoria
Escobedo
P TC
Sao Paulo
P TC
Buenos Aires
P
Tamworth
O
Le Chatelet-en-Brie
Le Neobourg /Bruyeres/Dieuze
OP TC
Headquarters &
9 productions plants
OP TC
Rüsselsheim/Köln/Lindau
München/Wolfenbüttel
OP TC
Porto
Venaria Reale
Morcone
OP TC P TC
South Africa
(License agreement)
Bursa
Gemlik
P TC
Pune (Two plants)
Pant Nagar (Joint –vent.)
P TC
Shanghai
P TC
Tokyo (Office)
TC
Korea (Joint -venture)
TC
Rumania
(License agreement)
Russia
(License agreement)
Dabrowa Gornicza
P
FICOSA Global Reach
O
O
 OEM presence increase (FORD, TOYOTA and increase in Renault, Fiat and Hyundai).
 Low labor cost for labor intensive products with low physical volume.
 Strategic location (close to EU and emerging countries).
Main Reasons For Turkey Implementation
STRENGTH
 Strong customer base (OEMs) in the country
 Big internal market (75M population)
 A highly trained university degree work force (METU, ITU and BU)
 High percentage of English speaking university degree personnel
 Salary level for direct employees (1/3)
 Low level of absenteeism (2-4% vs. 6-10%)
 Extensive and good supplier base (but Chrome, zamak, electronics)
 Willing, proud and targets beyond company
 Warm approach to foreigners
 Benefits of a Free Trade Zone
WEAKNESSES
 Interest rates for financing
 Retirement at young ages for certain employees
 Salary level for Indirect employees (managers and engineers)
 Distance to Western Europe for certain volume products
 Poor internal road infrastructure
 Difficulty to find International schools for expatriates outside Istanbul
 Lack of Spanish and qualified French speaking engineers in some areas
 Qualified Technicians to be trained internally
OPORTUNITIES
 Subsidies are being increased with the years
(Tubitak and Universities support) (new products and innovation)
 Close to many emerging countries
 Working calendar (45 h/wk, 2152 h/y)
 Country with young population
 Political and economical stability
 Strong growing economy. Dynamism
THREATS
 A growing country requires experienced people. Many opportunities in
the market for employees, can create high turnover
 Inflation rate around 8% yearly forces quick increase of employees cost
 Labor cost increase due to Work Unions implementation
SWOT Analisys Turkey
Population in Turkey
Free Trade Zone Advantatges
 100% exemption from customs duties and other assorted duties.
 100% exemption from corporate income tax for manufacturing companies.
 100% exemption from value added tax (VAT) and special consumption tax.
 100% exemption from income tax on employees’ salaries (for companies that export at least
85% of the FOB value of the goods they produce in the free zones).
 Goods can remain in free zones for an unlimited period.
 Companies are free to transfer profits from free zones to abroad as well as to Turkey, without
restrictions.
Technopark Advantatges
 Revenues derived R&D activities are exempt from income and corporate taxes
 Salaries of R&D and support personnel employed in the zone are exempt from all taxes.
(The number of the support personnel covered by the exemption shall not exceed 10
percent of the number of the R&D personnel).
 Enterprises may make the investment, required for the production of the technological product
obtained as a result of the R&D projects conducted in the zone, in the TDZ, if deemed suitable by
the operator company and allowed by the Ministry.
All applicable until end of 2023
Taxes
Income Scales (TRY) Rate (%)
Up to 9,400 15
9,401 – 23,000 20
23,001 – 53,000 27
53,001 and over 35
3. Social Security
Social security is not a tax but rather a payroll cost to the employer. The employer and employee contribute to a
social security system comprising items such as sick pay, work related accidents, unemployment coverage, pensions,
and other programs.
Employer's contribution: 19.5%
Employee's contribution: 14%
1. Corporate Income Taxes
the basic corporate income tax rate levied on business profits is 20%.
2. Individual Income Taxes
©2011FicosaInternational,S.A.AllRightsReserved.
Thanks
www.ficosa.com

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El cas d'implantació a Turquia de Ficosa

  • 1. ©2011FicosaInternational,S.A.AllRightsReserved. PRACTICAL EXPERIENCE IN THE IMPLEMENTATION IN TURKEY OF FICOSA INTERNATIONAL April 17th, 2013 18th February 2011 V.0203
  • 2.  Family own company founded in 1949  Headquarters in Barcelona (Spain)  Activity: Automotive Global Supplier (Tier1)  Turnover: € 800 MM  Team: 7.500 people worldwide  We are present in 19 different countries (Europe, North America, South America, Asia)  Our R & D investments represent the 4% of our total Group’s sales FICOSA Overview Ficosa Headquarters & Tech Center in Viladecavalls (Barcelona - Spain) 36 M €  195 M € 593 M € 1949 – 1986 Local market 1987 – 1995 European market 1996 – 2001 Global market 2002 – Today Global organization 745 M € 
  • 3. FICOSA Group Structure Communications V2V & V2I ADAS Systems Driver Monitoring Innovative controls Haptic consoles Battery pack (EV – HEV) Automotive Industrial Vehicle Ficosa Technology Rear-view Systems Rear-view ADAS Communi- cations Wind Systems Components and systems for solar energy Systems for seats & doors Underhood Systems Command & Control Systems Electronic Engineering Renewables
  • 4. P O PLANTS TECHNICAL CENTERS COMMERCIAL OFFICES TC Detroit (Mi) Crossville (TN) Shelbyville (KY) Berne (IN) OP TC Salinas-Victoria Escobedo P TC Sao Paulo P TC Buenos Aires P Tamworth O Le Chatelet-en-Brie Le Neobourg /Bruyeres/Dieuze OP TC Headquarters & 9 productions plants OP TC Rüsselsheim/Köln/Lindau München/Wolfenbüttel OP TC Porto Venaria Reale Morcone OP TC P TC South Africa (License agreement) Bursa Gemlik P TC Pune (Two plants) Pant Nagar (Joint –vent.) P TC Shanghai P TC Tokyo (Office) TC Korea (Joint -venture) TC Rumania (License agreement) Russia (License agreement) Dabrowa Gornicza P FICOSA Global Reach O O
  • 5.  OEM presence increase (FORD, TOYOTA and increase in Renault, Fiat and Hyundai).  Low labor cost for labor intensive products with low physical volume.  Strategic location (close to EU and emerging countries). Main Reasons For Turkey Implementation
  • 6. STRENGTH  Strong customer base (OEMs) in the country  Big internal market (75M population)  A highly trained university degree work force (METU, ITU and BU)  High percentage of English speaking university degree personnel  Salary level for direct employees (1/3)  Low level of absenteeism (2-4% vs. 6-10%)  Extensive and good supplier base (but Chrome, zamak, electronics)  Willing, proud and targets beyond company  Warm approach to foreigners  Benefits of a Free Trade Zone WEAKNESSES  Interest rates for financing  Retirement at young ages for certain employees  Salary level for Indirect employees (managers and engineers)  Distance to Western Europe for certain volume products  Poor internal road infrastructure  Difficulty to find International schools for expatriates outside Istanbul  Lack of Spanish and qualified French speaking engineers in some areas  Qualified Technicians to be trained internally OPORTUNITIES  Subsidies are being increased with the years (Tubitak and Universities support) (new products and innovation)  Close to many emerging countries  Working calendar (45 h/wk, 2152 h/y)  Country with young population  Political and economical stability  Strong growing economy. Dynamism THREATS  A growing country requires experienced people. Many opportunities in the market for employees, can create high turnover  Inflation rate around 8% yearly forces quick increase of employees cost  Labor cost increase due to Work Unions implementation SWOT Analisys Turkey
  • 8. Free Trade Zone Advantatges  100% exemption from customs duties and other assorted duties.  100% exemption from corporate income tax for manufacturing companies.  100% exemption from value added tax (VAT) and special consumption tax.  100% exemption from income tax on employees’ salaries (for companies that export at least 85% of the FOB value of the goods they produce in the free zones).  Goods can remain in free zones for an unlimited period.  Companies are free to transfer profits from free zones to abroad as well as to Turkey, without restrictions.
  • 9. Technopark Advantatges  Revenues derived R&D activities are exempt from income and corporate taxes  Salaries of R&D and support personnel employed in the zone are exempt from all taxes. (The number of the support personnel covered by the exemption shall not exceed 10 percent of the number of the R&D personnel).  Enterprises may make the investment, required for the production of the technological product obtained as a result of the R&D projects conducted in the zone, in the TDZ, if deemed suitable by the operator company and allowed by the Ministry. All applicable until end of 2023
  • 10. Taxes Income Scales (TRY) Rate (%) Up to 9,400 15 9,401 – 23,000 20 23,001 – 53,000 27 53,001 and over 35 3. Social Security Social security is not a tax but rather a payroll cost to the employer. The employer and employee contribute to a social security system comprising items such as sick pay, work related accidents, unemployment coverage, pensions, and other programs. Employer's contribution: 19.5% Employee's contribution: 14% 1. Corporate Income Taxes the basic corporate income tax rate levied on business profits is 20%. 2. Individual Income Taxes