3/9/2009

HP: We will overcome crisis with investments in Turkey

Today’s Zaman - Eric Cador, Vice President of the Personal Systems Group in Europe, the Middle East and Africa region (EMEA) of computer giant Hewlett-Packard (HP), has said the company expects to overcome the negative effects of the ongoing global financial crisis with new investments in Turkey. Speaking at a meeting on Thursday in Ankara to announce the establishment of a computer production plant by HP and the US-based Foxconn Technology Group in the Turkish city of Corlu, Cador said HP will emerge stronger from the global crisis with Turkey's assistance. He noted that they expect the facility to start operations by the beginning of 2010 and that they hope it will produce 200,000 desktop computers per annum. He also said they expect to provide job opportunities for around 2,000 people in Turkey. Jim Chang, Foxconn Technology Group Head, noted they are planning to hire locally and that they do not expect to bring staff from abroad. He explained that Turkey's skilled labor force, prominent strategic position and state incentives make the country a safe haven to bring products to global markets swiftly without losing competitive power. Also speaking at the meeting, Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), said HP will invest some USD 60 million in Turkey with its partner Foxconn. Defining the investment as an important step in the midst of the global economic crisis, Korkmaz said his team had been working day and night for months to attract the investment to Turkey.