Minneapolis-Moline Türk Traktör ve Ziraat Makineleri A.Ş. Was Established
A preliminary protocol was signed between MKE, TZDK, Ziraat Bankası, Tariş, Çukobirlik, and Minneapolis-Moline. Under the protocol, a company headquartered in Ankara would be established under the name Minneapolis-Moline Türk Traktör ve Ziraat Makineleri A.Ş., while Minneapolis-Moline Co. would operate the factory under an operating agreement by providing the required local and foreign personnel. The establishment of the company was approved by a Council of Ministers Decision dated June 25, 1954, and published in the Official Gazette on July 29, 1954.