Several Turkish companies
asserted that China's market offers big opportunities both for
investment and trade, the Turkish Daily News reported on Monday.
Emre Kavukcu, deputy general manager of Demirdokum,
a subsidiary company of the Koc Group, was quoted as saying Demirdokum
has launched production in China's Dongguan region, Guangdong
Province and has increased its business in China's market.
Kavukcu noted that the company has already gained
considerable experience in the market with Demirdoum working in
seven regions of China, adding that the Koc Group's trade with
China will exceed 150 million US dollars in three or four years.
"We invested in China with the hope of getting
a better understanding of Chinese culture. One needs to have patience
when first investing in the Chinese market," Kavukcu said.
According to Ridvan Reman, manager of the Sisecam
Exports, lots of companies have some prejudices about the Chinese
market, deeming it difficult to reach both in terms of distance
and marketing.
However, "Chinese demand for imported products
is on the upswing and imported products are being allotted greater
shares of the all important measure of shelf space," he said.
Reman's company founded the Sisecam Shanghai Trading
Company in China's Shanghai free trade area in 2003 and the company's
exports of chrome chemicals increased to 9.2 million US dollars
in 2004 from 2.6 million dollars in 2000.
Mehmet Karatas, southeast manager of Kibar Foreign
Trade, said China will be in a very strong position in the determination
of global steel and iron prices by 2010.
"We were first only selling products to China
but now we buy products from China to sell in other markets. We
transferred 40,000 tons of steel from northern China to Italy.
This was welcomed. This is just one example of the opportunity
in the Chinese market," Karatas said.
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