Ocean Works Sets Up Turkish Subsidiary

Sub-sea technology company, OceanWorks International, establishes OceanWorks Aykor as Its Turkey subsidiary.

OceanWorks Aykor is a joint stock company established in Turkey by two organizations, OceanWorks International Corporation, and Aykor A.S. who has been OceanWorks International’s representative in Turkey since 1998 and a provider of complex systems to international military customers.

OceanWorks Aykor will focus on the design and manufacture of technologies, systems and products for Subsea and Marine Engineering applications. These applications are to include ship systems related to submarine rescue ,diving systems including hyperbaric chambers and related systems, as well as custom designed and built solutions to meet customer requirements. OceanWorks Aykor is fully committed to developing a proven supply chain and design capability in Turkey.

The construction of the OceanWorks Aykor facility is currently underway in the Desbas Free Trade Zone near Tuzla, Istanbul with a target completion date of October 1st 2012. The facility operational area will include 4670 square feet of office space and 7748 square feet of manufacturing and shop space.

OceanWorks International specializes in the design and manufacture of manned / unmanned subsea systems and specialized equipment for military, oil and gas, scientific, and other marine markets.

“We are very pleased to announce the establishment of OceanWorks Aykor. This is not only an expansion in size for OceanWorks, but also a growth in our industry capability” said Mr. Rod Stanley, CEO of OceanWorks International.

The full name of the new subsidiary is 'OceanWorks Aykor Teknolojik Ürünler Sanayi ve Ticaret Anonim Şirketi'.