Far Eastern Yarn Trader Companies example essay topic

I) EXECUTIVE SUMMARY Interyarn company provides polyester yarn services for their customers over Internet. Company is planning to sell the American polyester yarns to the rest of the world over Internet. Interyarn is planning to gain profit from the American textile companies by getting a %5 commission over each sale made from the interyarn website. Interyarn's first goal is to make some arrangements with the mid-sized polyester yarn companies in the United States and gain their trust about selling their products in the Europe and Asian markets.

Another goal of the company is to grow steadily and to be recognized as a leading yarn trader company on the internet. Interyarn's products will be generally PFY, which stand for polyester flat yarn, and PTY that is also stands for polyester texurized yarn. These two brands of yarns are the most popular brand of yarns all around the world. Our company will trade the yarns in the bases of bobbins, which is also very popular type all around the world. Interyarn will make alliances both from Europe Asia and United States. The textile industry is a highly competitive free trade market.

Although a lot of countries have some quotations, international yarn trade can be done all around the world very easily. Because of the highly competitive market, interyarn will find the cheapest yarns with the highest quality. The biggest competitor of our company will be the far eastern yarn trader companies such as Far Eastern and Daehan Co. Although they have a low price advantage, our company will benefit from the quality of the American polyester yarns. II) MISSION STATEMENT Interyarn's goal is to become a reputable yarn trader in the world in three years. Company will make some alliances both from United States, Europe and Asia.

As a part of our relationship with polyester yarn producers, interyarn will not get any commission from the first two sales. At the interyarn website (web) our customers will find a big data base including most popular kind's of PFY (polyester flat yarn) and PTY (polyester textured yarn). By using our website our customers will be able to save a lot of time. They will not have to make lots of phone calls and useless faxes in order to find the suitable yarn for their company. All of the sale arrangements will be done by interyarn.

In order to be a trust able yarn trader, Interyarn will provide the services just in the given time. Our company will no accept a deal that we are not going to be able to solve just in time. The biggest problem of the textile market is seems to be price expectations. Without under estimating these expectations Interyarn will find the best yarns in United States with the cheapest price.

Company will make some commission decreases to our selected customers that would be working with us at least 2 years. As a starter in the textile world we know that we have find and sell cheap yarns to the market. This will be the only way to attract the worldwide customer firms. So Interyarn is ready pay any reasonable price to its crew. To accomplish our goals our company will need a highly educated and experienced sales crew and managers. Especially as starter good negotiators will be our leading power in this sector.

Interyarn's sales and profit table is estimated to be like this: Year 1 2 3 4 5 Sales $685,000 $793,000 $980,000 $1,040,000 $1,145,000 Gross Profit $286,779 $312,258 $462,253 $502,476 $612,487 As we can see Interyarn is planning to make its major sales jump at its third year.) THE COMPANY Interyarn Co. was founded in June 2003. Interyarn is a polyester yarn trader company, which is planning to make their sales over the internet. The legal name of the business is Interyarn Corporation. Our principal offices will be located at New York, Milan and Istanbul.

Interyarn's current monthly capacity for the beginning of the first year is expected to be 2500 bobbins a month. At the end of the first year we " re planning to reach to the point of 5000 bobbins a month. We believe that if we can make some strategic alliances in the yarn sector of America, we are definitely will go to be able to achieve our sales goals. Company is planning to gain at least 10 companies from Europe, 6 companies from Turkey and 3 from the Far East. We believe that European yarn market will happily welcome the high quality American polyester yarns in to their market. Interyarn is actually negotiating with Daehan Co. of South Korea, Metemteks and Tanriverdi group of Turkey and Sinter ama group of Italy.

Tanriverdi group of Turkey is the biggest polyester yarn distributor in Turkey and also have great relationships with the Far Eastern yarn market. Daehan Co. is also the biggest distributor and manufacturer in South Korea. Gaining these firms' friendship will be major step for Interyarn. As a trader company Interyarn will not make any alliances from the shipping sector. The company will only provide negotiating services to their customers and will keep in touch with the both firms until the services are successfully completed.