1/6/2011

Belgian Ontex to reach new markets via Turkey

Hürriyet - Ontex, the Belgian producer of disposable hygiene products, will reach the Middle Eastern, Central Asian and African markets via Turkey. After the EUR 1.2 billion takeover by private equity company Texas Pacific Group (TPG) and Goldman Sachs’s equity arm, Ontex plans to use Turkey as an export base.

Running its Middle Eastern, Central Asian and African markets from its Turkey headquarters, the company also intends to increase Turkey’s current 10 percent share of the company’s global turnover. Ontex has registered a 31 percent increase in its exports of Turkish made products in 2010.
turkey; belgian firm; ontex; export base; tpg; goldman sachs; turkey headquarters; hygiene products