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211:. Sümerbank's factories and plants, which represented the state-led industrialization in the Turkish textile sector for decades, were gradually closed and sold starting from 2002, when Oyak Bank acquired Sümerbank and decided to terminate the company's operations in this field, due to the highly developed private sector and saturated market in the Turkish textile industry by the early 2000s.
175:
Sümerbank's textile plants produced the highest quality textiles in Turkey during the early decades of the republic, for relatively cheap prices, which enabled the citizens with low levels of income to afford decent clothing. After 11 years of consecutive wars between 1911 and 1922, namely the
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were invited to Turkey and prepared reports on how the country should use its natural resources efficiently for industrialization, and how to optimally distribute the factories and industrial plants across the country's geographical regions.
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Sümerbank
Textile Factory was established in 1933 as a state owned bank for funding the construction of textile factories and the development of the
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in Turkey in those years, large scale investments by the government were necessary for initiating the industrialization efforts in the country.
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in 1945, also badly hit the rapidly growing (since 1923) but still weak and fragile
Turkish economy. Due to the lack of a strong
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Alkan Soyak: "Türkiye'de İktisadi
Planlama: DPT'ye İhtiyaç var mı?", Doğuş Üniversitesi Dergisi, 4 (2) 2003, p. 172
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192:(1919–1923), the Turkish economy was devastated and many Turks were poor. Starting from 1929, the global
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167:(1928–1932) of the Soviet Union. Economists and planning experts from the Soviet Union and the
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to Turkey in that period) for the construction of Sümerbank's first textile factory in
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The Soviet Union also provided credit loans and technical assistance for Turkey's
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acquired Sümerbank and the combined bank is now known under the Oyak Bank name.
150:. The first textile production plant in Kayseri was opened in September 1935.
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established in 1933 and originally owned by the
Turkish state, now part of
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had secured a foreign credit loan worth 8.5 million
163:, 1934–1938) which was partially influenced by the
106:(to his right) at the Sümerbank Textile Factory in
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315:Manufacturing companies disestablished in 2002
126:in Turkey. A year earlier, in 1932, President
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261:Sümerbank - Kayseri - Reports - Turkey - ESI
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310:Manufacturing companies established in 1933
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209:Atatürk's industrial revolution in Turkey
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325:Turkish companies established in 1933
7:
320:Government-owned companies of Turkey
196:, which lasted until the end of the
14:
207:Sümerbank was the cornerstone of
305:2002 disestablishments in Turkey
160:Birinci Beş Yıllık Sanayi Planı
155:First Five-Year Industrial Plan
1:
165:First Five-Year Economic Plan
295:Banks disestablished in 2002
190:Turkish War of Independence
118:A Sümerbank factory in 1937
341:
142:(which offered the lowest
300:Banks established in 1933
98:(center) accompanied by
290:Defunct banks of Turkey
68:was a Turkish bank and
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79:. On 11 January 2002,
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250:Introducing Oyak Bank
128:Mustafa Kemal Atatürk
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188:(1914–1918) and the
130:and Prime Minister
61:Sümerbank in Ankara
18:
120:
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110:, October 9, 1937.
102:(to his left) and
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231:Kemalist ideology
226:Atatürk's reforms
178:Italo-Turkish War
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221:Sümerbank Branch
198:Second World War
194:Great Depression
124:textile industry
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186:First World War
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73:holding company
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202:private sector
144:interest rates
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184:(1912–1913),
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180:(1911–1912),
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169:United States
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136:Turkish liras
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140:Soviet Union
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182:Balkan Wars
132:İsmet İnönü
284:Categories
237:References
70:industrial
138:from the
81:Oyak Bank
77:Oyak Bank
66:Sümerbank
24:Traded as
17:Sümerbank
215:See also
148:Kayseri
108:Nazilli
96:Atatürk
87:History
104:İnönü
100:Bayar
50:TNBNK
42:OYBNK
34:SUMER
46:BİST
38:BİST
30:BİST
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157:(
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