TURKEY: Sabanci mulls North Africa production plant
Turkish textile company Sabanci Holding Textile Group is looking to globalise its textile business, starting with an investment in North Africa.
According to Murat Karadut, general manager of Sabanci's Bossa unit: "Sabanci textile group's new strategy is to globalise its procurement and production.
"According to our studies, the most attractive region for investment is Egypt and Tunisia and our initial plan is to establish a facility here, which will be an investment around US$70-80m."
Bossa, one of Turkey's largest vertically integrated textile manufacturers, generated a turnover of US$210m in 2006 and has 2,750 employees. The company is working on ecological production with a new collection produced with organic cotton, ecological dyes and minimum water.
Help test our new apparel sourcing tool.
In stark contrast to the declining shipments of its key garment categories reported this time last year, Tunisia’s textile and clothing industry is now riding high on rising exports, significant new f...
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- New project to digitalise European fashion chains
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022