Tech giant Foxconn to build computer plant in Turkey
A signing ceremony for the Foxconn investment was held with the attendance of Foreign Trade Minister Zafer Çağlayan, ISPAT Head Alpaslan Korkmaz (R), ASB Chairman Kemal Şahin (L).
A signing ceremony for the project was held yesterday and was attended by Foreign Trade Minister Zafer Çağlayan and Alpaslan Korkmaz, the head of the Investment Support and Promotion Agency of Turkey. Çağlayan, speaking at the event, stressed that there are a number of foreign companies eager to build production and services hubs in Turkey. “To me, the entrance of Foxconn and HP into the Turkish market is a signal. Other companies will follow them; there is no other way for them,” said the minister.
The plant will be built in the Europe Free Trade Zone (ASB) in Tekirdağ’s Çorlu district. Çağlayan stated that the plant will produce six computers a minute and 350 in one hour. The ASB is expected to export $1 billion worth of goods to the world’s leading regions in a year, he added.
They will invest $60 million, said Tuna Kardeş, the Foxconn Turkey General Manager, stressing that the plant will contribute to Turkey by both the revenue from its export activities and by providing job opportunities for roughly 1,500 people. He also said they hope it will produce 3 million desktop computers annually, which will be exported to European, Middle Eastern and African markets.
Korkmaz said the Foxconn investment is of great importance to Turkey as it will pave the way for similar business clusters within the country. “In June, Foxconn’s most important strategic partner, HP, brought 30 strategic and global suppliers to Turkey and organized a meeting, analyzing the new plant and the market. It called on these suppliers to come to Turkey and supply Turkey with the goods that it lacks. This is how a cluster starts. An international company enters the market first and brings other companies,” said Korkmaz.
He also noted that four technology giants had visited Turkey to explore business opportunities. One of them has just settled in Turkey on Thursday, Korkmaz said. “Other technology companies are also getting ready to enter the Turkish market.” Refusing to give a name, he only said that the company is from Asia and has a turnover of $17 billion.
Turkey managed to attract $7.6 billion in 2009 when the world was in the midst of economically difficult times, Korkmaz recalled, adding that last year sowed the seeds of foreign direct investments that are expected to show their fruits soon.