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Interfax.com  |  Interfax news  |  Turkeys Hunca may build perfume plant in...


News headlines


October 13, 2017 15:02

Turkeys Hunca may build perfume plant in Krasnodar territory

KRASNODAR. Oct 13 (Interfax) - One of Turkeys largest perfume producers, Hunca, is interested in building its first perfume plant in the Krasnodar Territory, Hunca top manager Emre Aydogmus said at a meeting with Krasnodar Territory deputy governor Vasily Shvets in Krasnodar.

"For us, Russia is now number one in the investment portfolio. We studied opportunities for working in your region and now want to secure a footing here, to build a plant and start up business. The principal shareholder absolutely supports the managements decision," Aydogmus said at the meeting.

The company was considering African and Middle East countries for investments, but thanks to the activity of the authorities in the Krasnodar Territory, its focus shifted to Russia, in particular to the Krasnodar Territory, he said.

"The Krasnodar Territory is interested in foreign investments, and regional authorities are doing everything possible to increase the volume of investment in the territorys economy. That is why we are ready to provide in full all subsidies and preferences envisaged by current legislation. But this is possible only after the company switches from trading to producing," Shvets said.

The parties agreed that they will continue analyzing the market for a year and compile a list of the companys products that are in the highest demand. After this, a decision about the construction of a plant in the Krasnodar Territory will be made.

Hunca, founded by Adnan Hunca in Istanbul in 1957, is the leading company on the Turkish perfume market in its price range. The company exports its products to more than 30 countries.

mc

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