METWAVE Industrial Microwave Domestic Goods Certificate

MET Advanced Technology Systems’ METWAVE Industrial Microwave Systems family was deemed eligible to receive the “Domestic Goods Certificate” by the Izmir Chamber of Commerce. MET General Manager Murat Merdin shared the following article about this news:

[alinti]2019 was generally a year of struggle with the volatile economic environment. In 2019, thanks to the KOSGEB Techno-investment support, we made the biggest investment in our company history. By strengthening our production infrastructure, we have become able to produce all our products without outsourcing. In the same year, we applied for 5 different patents and received a Domestic Goods certificate for 3 different products. We congratulate my whole team for their devoted work and we set our vision as doing what has not been done by setting the goal even further. We are looking forward to 2020 with excitement. I congratulate everyone’s new year and wish everyone a healthy and successful new year.[/alinti]

What is Domestic Goods Certificate

Domestic Goods Certificate; It is a document issued only to domestic producers by the chambers and stock exchanges affiliated to TOBB, taking into account the industrial registry reports and capacity reports. It shows that the relevant product is a Turkish product.

Advantages of Domestic Goods Certificate

In order to benefit from the loans within the scope of the Acceleration Financing Package, which can be obtained from different banks, it is mandatory to provide a Domestic Goods Certificate.The following products will be offered within the scope of the Acceleration Financing Package; A. Cash Loans 1. Loan for Machinery Manufacturers 

In the targeted sectors, the investment and investment-related operating loans needs of the companies that manufacture / will manufacture machinery that will qualify as domestic goods will be met.

Target Sectors:

• Electrical Machinery and Components
• Computer, Electronics, Optics
• Parts and Components of Motor Vehicles
• Engine and Components
• General Industry Machinery and Components
• Electrical Equipment

Within the scope of the package, the credit requests of the companies making new investments and/or capacity increase and renewal investments in existing products in the sectors specified by the NACE codes in the NACE Code List for Machinery Manufacturers can be evaluated. Credit for Domestic and New Machinery Buyers Within the scope of the package, the investment and investment-related operating loans needs of companies that will purchase new and domestic machinery within the scope of investment from machinery manufacturing companies in the sectors specified in the NACE Code List for Machinery Manufacturers will be met.
For new and domestic machinery purchases, it is mandatory to obtain a Domestic Goods certificate from the seller company, and the G.T.İ.P. of the machine to be purchased must be from the codes in the Machinery G.T.İ.P. list.3.Credit for Raw Material / Intermediate Goods Manufacturers The need for complete new investments of raw material / intermediate goods manufacturing companies with production/production potential in the targeted sectors and investment-related operating loans of companies that will invest in this framework will be met.

Target Sectors:

• Chemical and Medical (Pharmaceutical) Products
• Plastic and Rubber Products
• Artificial and Synthetic Yarns
• Paper, Cardboard, and Cardboard

Within the scope of the package, the credit requests of the companies making new investments and/or capacity increase/renewal investments in existing products for the production of raw materials-intermediate goods in the sectors included in the NACE Code List for Raw Material/Intermediate Goods Manufacturers will be evaluated. B. Non-Cash Credits A discount of 20% over the current commission rates will be applied to non-cash credits (letter of guarantee, letter of credit, letter of guarantee, etc.) to be utilized for the investments within the scope of the package. Loan Characteristics Loan Type and Maturity:

• The loan will be utilized as operating and investment loans in TL.
• Maximum maturity of 5 years with a grace period of up to 1 year for operating loans
• Investment loans will have a maximum maturity of 10 years with a grace period of up to 2 years.
• Loan repayments will be made in quarterly or semi-annual installments.
• Interest for the grace period will be collected in 3 or 6 monthly installments

Credit Limit:

• Cash loans to be utilised within the scope of the IVME Financing Package will be made available as government securities or CPI-indexed.
• Operating loans can only be allocated together with investment loans.

Loan Interest and Commission Rates A. Cash Loans Cash loans to be disbursed within the scope of the IVME Financing Package will be disbursed as GDDS or CPI Indexed.1- GDDS Indexed Interest Rate: