TURKEY: Aydin Textile Denies Closure Rumours
The textile producer was expected to stop operating due to an unpaid debt of TL2.5 trillion ($3.7m).
Officials are currently in talks with Labour and Social Security Minister Yasar Okuyan for the restructuring of the company's debt in order to continue operating. Aydin Textile has 650 employees and 1.4 million tonnes of stockpiled textiles. It exports to the US, Italy and Spain.
Help test our new apparel sourcing tool.
- Hard hit Turkish industry is not knocked out
- China leads US apparel sources with falling prices
- "Power of the many" drives change at Otto Group
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Inditex and H&M boycott Dhaka Apparel Summit
- Adidas and Burberry recognised for sustainability
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022