ALTAY believes in efficiency. We are able to put together consortium efforts to develop a win-win strategy and proposal. We put forth the consortium concept when various groups are interested in a program which exceeds their individual capabilities. The consortium strategy allows each firm to realistically respond to a business opportunity by contributing their own unique corporate competencies, experience and resources. Our strong network in the Turkish and foreign service and industrial communities help us put together innovative and effective solutions.

JOINT VENTURES

As appropriate, the joint venture concept demonstrates an important commitment to the country which the customer highly values. Technology transfer, local content, and continuous support services are non-negotiable prerequisites in many Turkish business opportunities. Establishing a joint venture with a local business partner helps shorten sales cycles, helps adopt our foreign partners corporate culture and values in a local environment, and helps minimize country risks. ALTAY may be interested in acting as an investor and partner in joint ventures if the right synergy is present, or may help our foreign partner identify the best local partners. We always promote independent professional management of joint ventures with a strong focus on profitability, market leadership and superior customer service.

CO-PRODUCTION

ALTAY has been involved in developing over 11 successfully operating co-production programs including: navigation systems, radars, aircraft assembly and sub-integration and land and air defense systems. Our experience in this sector helps us bring together the right partners for win-win outcomes.

SUB-CONTRACTING

Turkey has a very highly skilled, entrepreneurial labor force which is waiting to be tapped by foreign partners. ALTAY is in a key position to help our foreign partners identify and evaluate sub-contracting alternatives as well as help position local companies interested in sub-contracting opportunities.

INCORPORATION

ALTAY has successfully helped incorporate over 250 firms in Turkey since 1957. Our in-house legal and financial staff thoroughly understands the dynamic incorporation alternatives including liaison offices, branch offices, limited liability companies, and joint stock corporations, and the related tax considerations and bureaucratic processes in Turkey. We have significant experience in effectively communicating these alternatives and requirements to foreign and local investors and coordinating activities with their legal departments.

DISTRIBUTORSHIPS

ALTAY has considerable experience in establishing and managing distributor networks and inventories for our foreign business partners, especially in the chemicals and spare parts sectors.

OFFSET VENTURES

Increasing local content of defense spending, acquiring technology transfer, and supporting the capabilities of local defense industries are critical objectives of the Turkish military. ALTAY has a proven track record in the negotiation and fulfillment of offset credit obligations. We are also proactive in promoting our views on the better use of offset credits in Turkey to improve long-term program viability.