ID :
217053
Mon, 11/28/2011 - 12:56
Auther :

Unlike many European countries and U.S., Turkish economy continues to be strong, says Nestle's CEO

IZMIR (A.A) - November 28, 2011 - Nestle Turkey's Chief Executive Officer, Hans Ulrich Mayer, said Monday that "unlike many European countries and the United States, the Turkish economy continued to be strong". Speaking to the AA, Mayer said that they attached high importance to Turkey and that their investments in Turkey were 3-4 times bigger than those made in other countries. 2011 was a good year for Nestle Turkey. We will complete this year with a growth rate of about 15-20 percent, Mayer said. In the past 6-7 years, our trend of growth has been around 20 percent per year, Mayer noted. We have introduced 30 new products to the market in 2011. We needed new products in Turkey which had a stronger economy than many European countries and the United States. In the past 3-4 years, we invested around 500 million USD in Turkey. Some of our products being produced in Turkey get sent to the Middle East and North Africa, Mayer underlined. Despite the global economic crisis, we will continue to make investments in Turkey in 2012, Mayer also said.

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