Texhong group, which attended to ITM TEXPO EUROSIA 2013 Fair carried out in TUYAP Fair and Congress Center, is drawing attention to the investments in the market of Turkey. The Firm, one of the agenda topics of the sector with a full-scale yarn investment in Balikesir, strengthened the relations with the Turkish customers in the fair. As well as Turkey, Texhang also shared some knowledge and experiences with the customers from Persia, Egypt, Uzbekistan and Tajikistan.
Texhang was founded by Hang Tianzhu in 1997 and it produces high-qualified yarn and fabric. The Firm is one of the leading cotton textile establishments of the world, and also it gives to the customers an opportunity of delivery. The firm carrying on the activities centered in China -Shanghai has a capacity of yarn over 800 thousands and 11 manufacturing facilities. Texhang has several product groups like yarns, clothes, fabrics and it takes attention with having the biggest whole spinning factory of the world.
Stating that they had a great authority four years ago, Texhong Group authority Joel Lu made some statements for World of Textile Magazine in the Spinning Fair n ITM Tempo Eurasia 2013. He said that in recent years, they had exported the products to the countries like Brazil, Colombia, Philippines, Japan, Korea, Turkey, Bangladesh and Pakistan.
He stated that their market share had increased in Turkey according to the developments. Lu drew attention to that the decisions of investments were connected to the developments of the country. He added that they preferred Balikesir as an investment region in order to decrease the costs and to transport the products easily. Joel Lu propounded that selecting this region they would prevent high transportation costs, time-wasting and problems of customs.
TURKEY: A BRIDGE Between ASIA and EUROPE
Lu went on talking about the market of Turkey, to which they made some investments. He said; “Market of Turkey is growing. Local industry is very strong and Turkey gives importance to technology. You can't imagine such a thing in Far-East. But in Turkey, local producers have qualified and modern machines. Turkish firms give attention to the techniques. They produce very qualified products. We take an advantage of making decisions about investments considering that Turkey has a strong textile history (background)." He stated;"Labour force cost was our only problem while we were making a decision of investment. ". "Turkish market has high-rated production and consumption with the help of its population density." He added.
Stating that Texhang gives importance to the connection between markets and the other Comerica areas, Lu ended his speech saying “In order to be better than our rivals, we want to use the advantage of the proximity between Turkey, EU, the Balkans and the Middle East. The promotion laws in Turkey also made us think. However, we suppose that Balikesir is the most appropriate region, because it is close to the harbours and highways. Except this, the economy also meets the expectations in Turkey and Turkey is like a bridge between Asia and Europe. " Developments in Turkey, the least crisis-affected country in the global area, will also play a great role in our success.
