French Firm Increases Investment in Turkey

Onduline World President, Jean-Louis Roques, recently came to Istanbul for the additional investment and for the Group’s 10th anniversary in Turkey. At a press conference, he said: "When we decided to make an investment in Turkey in 1994, the crisis year, nobody believed in us; there were some opposing voices in the groups. In 10 years, our annual sales went from 800,000 square meters to 15 million square meters. Our market share in roof covering increased from 1 percent to 18 percent. We grew approximately 10 percent every year. We are pleased with the point that Onduline Eurasia has arrived at today. Those, who did not believe in our Turkey investment and objected are now congratulating us."

Roques stating that they submitted the key of the Middle East, Caucasia and Central Asia to Turkey, and went on to say: "25 countries in this region are now connected to Turkey. Our goal for the 5-6 years ahead is to increase Onduline’s export share, which is 10 percent of Eurasia’s general turnover, to 50 percent with the connection of 25 countries."

Roques said they followed and supported Turkey’s success in applying their economic policies, and the European Union (EU) adaptation laws and intent. Roques added they gradually trusted in the government. Stressing they were very pleased with macroeconomic developments realized in one year including inflation, growth, exports, etc., Roques noted that Turkey’s economy, which is better ruled and more secure, has begun to approach the economic indicators of E.U. countries.