One of Turkey's leading yarn and knitted fabric producers, Topkapi Yarn, is building its fourth plant in Hadimkoy town, in Istanbul.

The company is investing US$30 million in its new facility. Of this, around US$25 million has gone of the construction of the plant, while textile machines and equipment make up the remainder.  

Topkapi Yarn's export maanger, Mr Kaan Erman, said the new plant is due to be completed at the end of this year.

"We have started to build a giant plant to produce yarn. By the end of this year it will be operational. In the plant we plan to produce fine gauge yarns, mostly organics."

Built on a closed area of 20,000 square metres, the new facility is considered the most prestigious of the company's four plants. It will employ around 150 people and its initial export target is US$20 million.

Established in 1972 in Istanbul, Topkapi Yarn produces 100 per cent cotton yarn and mixed synthetics. Its daily capacity is 30 tons of yarn and 50 tons of knitted fabrics.

30 per cent of its production is sold to the domestic market, the rest goes to European countries and the US market. Germany and Italy are its main markets in the EU.

In 2004, Topkapi Yarn earned US$18 million from export sales. In 2005 it hopes to increase this amount to US$20 million.

By Hasan Gulveren.