Standard Textile Co., Küçükçalik strike joint venture to boost growth

Textile makers Standard Textile Co. and Küçükçalik have entered into a joint venture aimed at bringing together specialised expertise and knowledge and accelerating growth.

Küçükçalik is a premier global textile manufacturing company with key operations in Turkey and Egypt.

A vertically integrated company, Standard Textile is a leading global provider of total solutions in the institutional textiles and apparel markets.

“We are pleased to announce this new joint venture for Standard Textile,” stated Gary Heiman, president and CEO of Standard Textile. “We have admired Küçükçalik’s world class facilities in Turkey and Egypt, and this joint venture allows us to both expand our global footprint and leverage their technology and expertise in fiber extrusion. Their innovative fiber extrusion and texturizing operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fiber to meet the needs of current and future customers.”

Yasar and Yilmaz Küçükçalik, the shareholders of Küçükçalik, added: “We are very happy to be able to continue our long-lasting friendship and existing trading relationship with Standard Textile now as co-shareholders. We are confident that this partnership will add significant value to Küçükçalik by allowing us to expand in markets where Standard Textile is particularly strong.”