12/7/2011

Turkey a reminder of growth and stability, Henkel CEO says

Hurriyet - Recession-proof economies like Turkey’s will drive many multinational companies’ growth in 2012, according to the CEO of Henkel, German maker of home cleaning and personal care products. Turkey remains one of our fastest growing markets, with an expected rate of 22 percent for this year. Our global growth will continue on the back of high performing economies, meaning more dependency on Turkey, Kasper Rorsted told reporters at a press meeting in Istanbul. Europe, however, will have a hard year, predicted Rorsted.

Economic growth, alongside population growth and increasing foreign investments make Turkey a thriving environment for businesses. Rising per capita income directly affects the expenditure on consumer products, said Henkel CEO, adding that Turkey’s reputation is that of a fast growing, prosperous, stable country with a bright future.

Regarded as a member of the emerging countries group, BRIC (Brazil, Russia, India, and China), Turkey is expected to play an important role in the course of the global economy, Rorsted noted.

Henkel has three manufacturing plants in Turkey, accounting for 80 percent of the company’s marketed products in the country.
Turkey; turkish economy; henkel turkey; chemicals industry; turkey brics; kaspar rorsted