NEWS

Vefa will build a production facility abroad
Vefa plans to build a production facility in Africa and Gulf Region this year. Vefa that grows its target in exportation especially directed towards the Gulf countries, Algeria and Sub-Saharan Africa countries this year.

Vefa, which offers solutions in prefabricated structures, plans to build a production facility abroad. Vefa considering 2015 as an opportunity year aims at building a production facility in Gulf Region and Africa within this year.

 

Turan Koçyiğit, the Chief Executive Officer of Vefa Holding, stated that “We will have at least one production facility abroad this year and studies on this subject continue fast. Koçyiğit also stated that “Our main target is to achieve our target for exportation that we raised according to previous years. For this, we will aim at increasing our market share abroad much more by using advantages of being local in the region all the way. This will provide us a big competitive advantage due to the fact that we decreased logistic costs. This will also give us opportunity to offer our solutions faster by minimizing delivery periods. In addition to this, we will continue to bring raw material and semi-finished products we are using from Turkey in our products that we will produce abroad.”

 

Turan Koçyiğit stating that Vefa attaching great importance to foreign markets continues to grow abroad also in 2015 explained that they added new ones to exporting markets. Koçyiğit stating that that they especially directed towards the Gulf countries, Algeria in the north and Sub-Saharan Africa countries this year expressed that they continue to grant distributorships and franchises in counties that they state to increase their exportation much more and to go into partnerships with local companies in some countries.

 

Turan Koçyiğit reminding that they realized exportation to 75 countries until today stated that “Previous year was a year exceeding their expectations on exportation. While exporting 50 percent of the products that our Companies produced in 2013, we raised this rate to 62 percent in 2014. Our target at the end of this year is to carry this rate to upper level”.