HP: We will overcome crisis with investments in Turkey
Posted by meb at March 6th, 2009
Eric Cador, vice president of the Personal Systems Group in the Europe, Middle East and Africa region (EMEA) of computer giant Hewlett-Packard (HP), has said the company expects to overcome the destructive 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 US-based Foxconn Technology Group in the Turkish city of Çorlu, Cador said HP would come out of the global crisis stronger with Turkey’s help. 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 annually. He also said they expect to provide job opportunities for around 2,000 people in Turkey. Foxconn Technology Group head Jim Chang said they are planning to hire domestically and that they do not expect to bring crew 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, head of the Investment Support and Promotion Agency of Turkey, said HP will invest some $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.
Founded in 1939, HP is a technology company that operates in more than 170 countries around the world. It provides infrastructure and business offerings that span from handheld devices to some of the world’s most powerful supercomputer installations.
Established in 1974, the Foxconn Technology Group is the foremost provider of joint-design, joint-development, manufacturing, assembly and after-sales services to global computer, communication and consumer electronics leaders.
source: Today’s Zaman
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