KASTAŞ, ONE THE FIRST 300 COMPANIES IN R&D IN TURKEY
Having allocated almost twice the average of the country in R&D studies from its turnover, Kastaş continued investing in R&D in 2019 as well. With its new investments, the company is expected to rank higher in 2020.
Having obtained the approval for the “First R&D Center” for sealing Technologies industry in Turkey on February 2018, Kastaş Sealing Technologies has accomplished a great achievement by being ranked 290th on the “Most R&D Spending Companies of Turkey” on the same year.
Considering the R&D projects undertaken in 2019 within the scope of new product designs and test center investments, the company’s ranking in 2019 is expected to go higher next year for sure.
THE TARGET FOR R&D IS 3% OF THE TURNOVER
Another indicator of the importance given to R&D by Kastaş manifests itself in the share spared for R&D in the consolidated turnover. Having transferred 1.92% of the turnover to the R&D expenditures in 2018, Kastaş’s ultimate goal is to keep this ratio at 3% and raise it gradually...
Having pointed outed that the share of R&D in Kastaş’s turnover is almost twice the country average, Kastaş Technology Director Ozan Devlen stated: “We are aware that the sustainable growth is only possible with optimization of current processes, high quality products and innovative productions systems.
We place great importance on strengthening our design and application engineering capabilities. We believe that this is what makes Kastaş competitive in the industry.”
Stating that the R&D center is composed of an expert, young and dynamic team, Devlen said that the team carrying out intense studies on innovative products, materials, researches, and tests are also creating new projects for the investment opportunities related to the customer expectations and industrial and technological developments.
A HOLISTIC APPROACH TO R&D
Pointing out that Kastaş’ vision for R&D contains holistic planning and implementation of material, product and system development and testing processes, Devlen continued: “We are developing solutions for actual demands of our customers both in domestic and foreign markets and working for the needs of tomorrow from today.
“This dynamic structure and the competitive environment where the market needs to change overnight and it is necessary to develop special materials, designs and systems every day, requires us to have a high competitive power and motivation. Our expert and competent R&D team is equipped with the know-how and technological infrastructure required to meet such expectations at the highest level. We also place great importance in protecting the competency level of our people resources, which is our most important value as well as in our corporate development studies”