cabatli_53
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Bayraktar Flying Car Concept
Turkish Industry, Science and Technology
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Turkey's Turkcell breaks world 5G network speed record
Turkey’s leading GSM operator Turkcell announced that it achieved the fastest mobile Internet speed via a smart phone in the world through 5G network.
Turkcell broke the world record by reaching 2.283 GBps speed in partnership with Ericsson telecommunications, said a written statement by Turkcell Tuesday.
The speed test was conducted on a 5G-enabled smart phone with the allocated 3.5GHz frequency using 1,000MHz bandwith.
Turkcell has been working on 5G technology for several years with the cooperation of GSM giants such as Huawei, Samsung, and Ericsson.
2.283 Gbps speed enables to download a two-hour movie in seven seconds and 12-song album in 0.2 second.
Turkey is currently using 4.5G technology, also known as LTE, which is 10 times faster than 3G, in its mobile phone devices since 2016.
5G networks offer faster speeds and more reliable connections on smartphones and other devices.
https://www.aa.com.tr/en/science-te...-breaks-world-5g-network-speed-record/1551008
Turkey’s leading GSM operator Turkcell announced that it achieved the fastest mobile Internet speed via a smart phone in the world through 5G network.
Turkcell broke the world record by reaching 2.283 GBps speed in partnership with Ericsson telecommunications, said a written statement by Turkcell Tuesday.
The speed test was conducted on a 5G-enabled smart phone with the allocated 3.5GHz frequency using 1,000MHz bandwith.
Turkcell has been working on 5G technology for several years with the cooperation of GSM giants such as Huawei, Samsung, and Ericsson.
2.283 Gbps speed enables to download a two-hour movie in seven seconds and 12-song album in 0.2 second.
Turkey is currently using 4.5G technology, also known as LTE, which is 10 times faster than 3G, in its mobile phone devices since 2016.
5G networks offer faster speeds and more reliable connections on smartphones and other devices.
https://www.aa.com.tr/en/science-te...-breaks-world-5g-network-speed-record/1551008
cabatli_53
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Turkish military pension fund unit in British Steel takeover talks
Negotiations with UK government provide hope of deal for collapsed group
Michael Pooler, Laura Pitel and Tabby Kinder in London 55 MINUTES AGO
An investment group owned by Turkey’s military pension fund is in last-minute talks about a takeover of British Steel, offering hopes of a deal that could save thousands of jobs.
Ataer Holding, a wholly owned vehicle of state military retirement scheme Oyak that is also the largest shareholder in Turkish steel group Erdemir, is negotiating with the UK government about acquiring the collapsed steelmaker, according to two people familiar with the matter.
However, one of the people said a push by Ataer for financial undertakings from the UK government had become a point of contention because any taxpayer support could come up against EU rules that restrict state aid for companies. “This is not a done deal,” the person said.
The search for a buyer has been under way since British Steel entered insolvency in May, after pleas from its private equity owner Greybull Capital for a state bailout were rejected.
A rival offer is on the table from Liberty House, the UK industrial conglomerate led by India-born metals magnate Sanjeev Gupta.
The intention had been for the chosen bidder to be named within days, according to people familiar with the situation.
However, the politicised and delicate nature of the sale means the decision is on a knife-edge and the announcement could be pushed back.
A favourable outcome would end more than two months of anguish among workers at British Steel’s vast Scunthorpe plant in Lincolnshire, one of the UK’s two remaining blast furnace steelworks where most of the company’s 5,000 employees are based. British Steel also operates smaller factories in north-east England, France and the Netherlands.
A person close to EY, which is assisting the official receiver in charge of the liquidation, said the terms of the deal were still being negotiated “line by line” on Tuesday during a phone call between representatives of the UK government and the Turkish group.
The complex nature of the proposed deal, which could include the buyer assuming British Steel’s debt and its European manufacturing operations, had led to haggling over some parts of the announcement, the person said.
Ataer owns 49.3 per cent of Erdemir, which stands to benefit from any deal though increased sales opportunities.
The Turkish bid envisages boosting production at Scunthorpe, according to two of the people with knowledge of the situation.
One of them added that senior Erdemir employees had visited Scunthorpe for site tours and that British Steel favoured the bid from the Turkish company, which would implement a cost-reduction plan drawn up by current management in conjunction with consultants McKinsey.
The other said the Turkish bidder’s long-term goal was to build a new furnace and convert the entire plant to use gas over the next decade.
British Steel’s problems began when the delay to Brexit this year led Brussels to suspend the award of carbon credits to UK companies, leaving it in need of a £120m government loan to meet an environmental bill.
The company later said Brexit uncertainty had caused a slump in orders but ministers declined to provide more emergency funding.
The main business then entered compulsory liquidation but has continued to trade, with a taxpayer-backed indemnity ensuring bills and wages are paid.
Greybull also wants to regain control of some of British Steel’s assets, but not the main Scunthorpe facilities. The insolvency service said: “The sales process is continuing and the Official Receiver continues to assess the most viable offers received.”
https://www.ft.com/content/d3805fd4-b8f ... 884d3ea203
Negotiations with UK government provide hope of deal for collapsed group
Michael Pooler, Laura Pitel and Tabby Kinder in London 55 MINUTES AGO
An investment group owned by Turkey’s military pension fund is in last-minute talks about a takeover of British Steel, offering hopes of a deal that could save thousands of jobs.
Ataer Holding, a wholly owned vehicle of state military retirement scheme Oyak that is also the largest shareholder in Turkish steel group Erdemir, is negotiating with the UK government about acquiring the collapsed steelmaker, according to two people familiar with the matter.
However, one of the people said a push by Ataer for financial undertakings from the UK government had become a point of contention because any taxpayer support could come up against EU rules that restrict state aid for companies. “This is not a done deal,” the person said.
The search for a buyer has been under way since British Steel entered insolvency in May, after pleas from its private equity owner Greybull Capital for a state bailout were rejected.
A rival offer is on the table from Liberty House, the UK industrial conglomerate led by India-born metals magnate Sanjeev Gupta.
The intention had been for the chosen bidder to be named within days, according to people familiar with the situation.
However, the politicised and delicate nature of the sale means the decision is on a knife-edge and the announcement could be pushed back.
A favourable outcome would end more than two months of anguish among workers at British Steel’s vast Scunthorpe plant in Lincolnshire, one of the UK’s two remaining blast furnace steelworks where most of the company’s 5,000 employees are based. British Steel also operates smaller factories in north-east England, France and the Netherlands.
A person close to EY, which is assisting the official receiver in charge of the liquidation, said the terms of the deal were still being negotiated “line by line” on Tuesday during a phone call between representatives of the UK government and the Turkish group.
The complex nature of the proposed deal, which could include the buyer assuming British Steel’s debt and its European manufacturing operations, had led to haggling over some parts of the announcement, the person said.
Ataer owns 49.3 per cent of Erdemir, which stands to benefit from any deal though increased sales opportunities.
The Turkish bid envisages boosting production at Scunthorpe, according to two of the people with knowledge of the situation.
One of them added that senior Erdemir employees had visited Scunthorpe for site tours and that British Steel favoured the bid from the Turkish company, which would implement a cost-reduction plan drawn up by current management in conjunction with consultants McKinsey.
The other said the Turkish bidder’s long-term goal was to build a new furnace and convert the entire plant to use gas over the next decade.
British Steel’s problems began when the delay to Brexit this year led Brussels to suspend the award of carbon credits to UK companies, leaving it in need of a £120m government loan to meet an environmental bill.
The company later said Brexit uncertainty had caused a slump in orders but ministers declined to provide more emergency funding.
The main business then entered compulsory liquidation but has continued to trade, with a taxpayer-backed indemnity ensuring bills and wages are paid.
Greybull also wants to regain control of some of British Steel’s assets, but not the main Scunthorpe facilities. The insolvency service said: “The sales process is continuing and the Official Receiver continues to assess the most viable offers received.”
https://www.ft.com/content/d3805fd4-b8f ... 884d3ea203
what
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Going to share this here because I cant find the right thread:
Sierra Nevada is going to produce the Dornier 328 in Leipzig/Germany. Afaik this was supposed to be the first local Turkish passenger aircraft, but the project has been dead for a while.
https://www.aerotelegraph.com/dornier-328-wird-in-leipzig-gebaut
Sierra Nevada is going to produce the Dornier 328 in Leipzig/Germany. Afaik this was supposed to be the first local Turkish passenger aircraft, but the project has been dead for a while.
https://www.aerotelegraph.com/dornier-328-wird-in-leipzig-gebaut
UzaySan
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I wonder If Ukranian-Turkish joint venture plane An-188 will evolve into a passenger plane in future? Or will we start another joint venture for passenger plane?
cabatli_53
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After Finland Milux Steel factory, Oyak reached a deal to purchase giant British Steel factory.
https://www.euronews.com/2019/08/16...n-fund-says-reached-deal-to-buy-british-steel
https://www.euronews.com/2019/08/16...n-fund-says-reached-deal-to-buy-british-steel
Quasar
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After your post first I was checking Finland Milux Steel it seems they are providing armouring solutions for light viechles as well
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cabatli_53
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After your post first I was checking Finland Milux Steel it seems they are providing armouring solutions for light viechles as well
As far as I know, Milux protection steel technology transfered to Turkey bro. They attended to IDEF19 as well. Besides, Oyak invests around 1 billion $ to upgrade Erdemir. Not only steel armors but also submarine steels (Hy-80/100/130..) will be produced by Turkiye. In Romanian steel factory purchased by Oyak, Processed electrical steels are produced. This type of steel is used on electrical motors, generators, power transformera and all other electro-technical applications as well.
Miilux partnering with OYAK – steel hardening capacity to be doubled
The Turkish pension fund OYAK and Miilukangas Oy has agreed on an arrangement, which will enable Miilux Oy to double its steel hardening capacity by constructing a new production plant in Manisa in Turkey during 2019-2020. The production plant will be owned by Miilux Turkey, a new subsidiary of Miilux Oy.
As a part of the arrangement OYAK will also become the majority shareholder in Miilux. The share purchase agreement is conditional upon the approval of the Ministry of Economic Affairs and Employment of Finland.
Pekka Miilukangas, who will continue as managing director of Miilux, states: “This agreement will strengthen our market position on the Turkish market, which is a core market area for us. Miilux will now be an even more significant supplier of special steel and steel service center with its three companies. The growth outlook of the Company is good.”
OYAK representative and new Chairman of the Board of Directors of Miilux, Mr. Toker Özcan comments: “The arrangement accelerates our decision to enter the protection steel markets, where Miilux’s technology and products are well known and highly recognized.”
OYAK (Ordu Yardımlaşma Kurumu) is private pension fund and one of the largest corporations in Turkey. OYAK Group composes of total 89 companies in 19 countries and 32 000 employees. The best-known companies in the group are the car manufacturer Oyak-Renault and the steel conglomerate Erdemir.
Quasar
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Thanks for your substantial post as always!!! ok may be not directly related but for people who are interested in steel production capacity of Turkey I just want to share the following data from world steel association https://www.worldsteel.org/en/dam/jcr:0570582b-d4e9-423b-bc16-811b53820f38/June%202019%20Crude%20Steel%20Production%20Table.pdf
we are second only to Germany in Europe and as expected Middle East is a joke! Iran is the only exception.
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Hexciter
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The TEI-PG50 engine was first started in July, powered by 46HP, but work is still underway to pass the 50HP limit. The first flight test with the platform is scheduled for the second half of 2019.
The engine is said to be used in an indigenous loitering ammunition.
The engine is said to be used in an indigenous loitering ammunition.
Kamil_baku
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Akbaba is coming i guess
Oublious
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GOKHAN TAYLAN
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Kargı = Harpy equavalent =) 1000 km range
UzaySan
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1000 KM?
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