US cosmetics manufacturer eyeing up Turkey

Posted on 20 July 2012

Istanbul, 11 July 2012 – The Farouk Shami Group, the US cosmetics company, is eyeing up the Turkish market. Group Chairman Farouk Shami said “We would like to invest in Turkey. It might take place anywhere in Turkey, particularly Istanbul. We aim at pushing the button as soon as possible following the land allocation. We are also open for Turkish partners. We have talked this issue with Minister Yazici (Turkey’s Customs and Trade Minister) and he showed great interest”. The Group is considering an investment of 150 million USD and expects to employ 1,000 to 1,500 workers. The Group sells to 110 countries throughout the world. “We would like to use Turkey to expand to the surrounding countries, and make Istanbul the centre of Europe, Caucasus and theMiddle East. We will invest here, whatever it takes” according to Farouk Shami. Source: Invest inTurkey.


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