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Global Players from Emerging Markets: Strengthening ... - Unctad

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154 Outward Foreign Direct Investment by Enterprises <strong>from</strong> Turkey<br />

Table 5. Case studies: OFDI characteristics of selected Turkish enterprises (continued)<br />

Enterprise OFDI Characteristics<br />

Transnationality<br />

Index<br />

Foreign<br />

affiliate<br />

sales as<br />

percentage<br />

of total sales<br />

Foreign<br />

affiliate<br />

employment<br />

as<br />

percentage<br />

of<br />

total<br />

employment<br />

Foreign<br />

affiliate<br />

assets as<br />

percentage<br />

of total<br />

assets<br />

Joint venture<br />

vs.<br />

full ownership<br />

Greenfield<br />

vs.<br />

Brownfield<br />

Names<br />

of foreign<br />

affiliates<br />

Major<br />

OFDI activity<br />

Host<br />

countries<br />

7% 15% 17% 13%<br />

Joint venture<br />

Greenfield<br />

Nile-Kordsa<br />

Industrial Nylon<br />

Egypt<br />

Sabanci<br />

Holding<br />

Joint venture<br />

Brownfield<br />

Kian-Kordsa<br />

Industrial Nylon<br />

Islamic<br />

Republic of<br />

Iran<br />

Joint venture<br />

Full ownership<br />

Brownfield<br />

Brownfield<br />

Interkordsa<br />

Advansa<br />

Industrial Nylon<br />

Polyester<br />

Germany<br />

Full ownership<br />

Full ownership<br />

Full ownership<br />

Full ownership<br />

Greenfield<br />

Brownfield<br />

Brownfield<br />

Brownfield<br />

Kordsa Int.<br />

Dusa<br />

Kordsa<br />

Interkordsa<br />

Holding Company<br />

Industrial Nylon<br />

Industrial Nylon<br />

Industrial Nylon<br />

United States<br />

Full ownership<br />

Greenfield<br />

Advansa<br />

Holding Company<br />

Netherlands<br />

Full ownership<br />

Brownfield<br />

Advansa<br />

Polyester<br />

United<br />

Kingdom<br />

Full ownership<br />

Brownfield<br />

Dusa<br />

Industrial Nylon<br />

Brazil<br />

Full ownership<br />

Brownfield<br />

Dusa<br />

Industrial Nylon<br />

Argentina<br />

Brownfield Full ownership 25% 29% 26% 27%<br />

Industrial Bricks Vardar<br />

Dolomite<br />

The Former<br />

Yugoslav<br />

Republic of<br />

Haznedar<br />

Refrakter<br />

Macedonia<br />

Borova Azerbaijan Retail Services Master Tibot Greenfield Joint venture 20% 36% 10% 22%<br />

Romania Hotel Services Majestic Hotel Brownfield Joint venture 15% 100% 50% 55%<br />

Ener<br />

Holding

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