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Hey Group plans a phenomenal growth in exports
04
Jul '08
Hey Group, one of the biggest and the most prominent knitted ready-wear manufacturing company in Turkey has made exports worth US $200 million with Hey Foreign Trade that it founded a year ago.

Ayhan Çaliskan, Managing Director of Hey Foreign Trade, said during a press conference that the firm is targeting an export of $1 billion worth of goods in 2010.

Even Hey Textiles, the Group's first company fetched $4 million from exports in its founding year some 17 years ago, when the aggregate export of Turkey amounted to $15 billion. However, since then exports of the country have risen nearly eight times to $120 billion while revenues of the company increased 50-fold.

Hey Foreign specializes in providing training and support to manufacturing and export firms that offers information about export, exchange, accounting, supervision and customs legislation.

Another subsidiary in the IT industry CBS, also plans to develop software for many sectors, particularly for textiles.

However, the main business of the Group, the ready-wear garments section, is facing a serious difficulties mainly due to stiff competition posed by China. In spite of which, the sector is likely to make exports worth $17.5 billion.

Süreyya Bektas, Hey Group Chairman, also stated at the conference, “Turkey produces 40 percent of the organic cotton in Europe. However, it meets only 5 percent of the world's organic wear production. We have plans to obtain an organic production license for our factory in Batman, which will have 1,200 workers working in a area of 10,000 square meters in November. This way, we seek to turn East and Southeast Anatolia into an organic production base. Besides, Hey also plans to introduce its apparel brand in 2009. It will be an Italian-based brand, but its name is not clear yet. The first store will be opened in Milan. Russia and Ukraine will follow later.”

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