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DYO Ranks 67th in R&D Spending

Turkchem 29 Jun 2021 20 1 dk okuma
TURKCHEM
Paints and coatings manufacturer DYO ranked 67th among Turkey's top 250 companies by R&D expenditure in 2020, with its R&D Centre. By allocating 2.5% of annual revenues to R&D activities, the company plays a leading role in the sector with its developed products. DYO, the first brand in Turkey's chemical sector to receive an R&D Centre Certificate, achieved numerous accomplishments in its field as part of the "R&D 250, Turkey's Companies with the Highest R&D Spending Based on 2020 Data" research conducted by Turkishtime. DYO ranked 67th among the top 250 companies with the highest R&D spending in 2020, 6th within the top 100 by number of projects conducted at its R&D Centre in 2020, and 20th among the top 50 brands by number of trademarks registered at its R&D Centre in 2020.

2.5% of Revenue Dedicated to R&D

DYO, which differentiates itself through innovation activities and aims to bring high-value-added products to market, focuses on "Continuous Improvement" and "Digital Transformation" and leverages its R&D strength, as one of Turkey's most successful R&D Centres, to design innovative products with next-generation technologies. Turkey's most established paints and coatings brand, which allocates 2.5% of its annual revenues to R&D each year, continues to increase its market share across all primary and secondary sectors in which it operates, contributing to the country with the responsibility that comes from being a domestic and national brand.
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