559 articles in Manufacturing · Clear
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SCZONE receives $100M in investments for new textile projects in West Qantara
CAIRO - 16 October 2023: Chairman of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din visited Shanghai, where he signed agreements with Chinese investors and businessmen, primarily focusing o...
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SCZone inks $4.5M deal with China’s Gold Star Fashion for apparel project
Arab Finance: Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), signed a $4.5 million project with China-based Gold Star Fashion, according to an offici...
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Egypt's PM inaugurates the $100M insvestment of Kadi Textile Factory in Ain Sokhna Industrial Zone
Prime Minister, Mostafa Madbouly, inaugurated Egypt Kadi Textile Factory, one of the latest industrial projects in the TEDA Egypt Industrial Zone, during his inspection tour of the Ain Sokhna Integrat...
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İTHİB President Öksüz: The way out of textile is branding
Ahmet Öksüz, Chairman of the Board of Directors of the Istanbul Textile and Raw Materials Exporters' Association (İTHİB), stated that Turkey is no longer in a position to compete on price in basic pro...
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Turkish Textile manufacturers have their eyes on Syria
After nearly 14 years of chaos in Syria, a new era began with the overthrow of the Assad regime. Turkish exporters are also closely following developments in Syria. According to sector representatives...
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SCZone witnesses groundbreaking ceremony for $70M Hengcheng textile factory
The Suez Canal Economic Zone (SCZone) witnessed the groundbreaking ceremony for the Hengcheng textile factory with investments of $70 million in the Qantara West Industrial Zone. The project is projec...
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SCZONE signs new textile projects with investments exceeding $100M
Chairman of the Suez Canal Economic Zone (SCZONE), Walid Gamal el Din visited Shanghai to meet with investors and businessmen across sectors targeted for localization in the authority’s ports and regi...
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Egypt’s Cotton and Textile Industries Holding Company gets an Italian loan of 185M Euros
The Cotton & Textile Industries Holding Company, one of the Ministry of Public Business Sector‘s companies, is getting a loan from Italian financial institutions to complete the government's plan to d...
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SCZONE Signs $120 Million Deal for Eroğlu Knitting Factory in West Qantara
The Suez Canal Economic Zone (SCZONE) has signed an agreement for the first phase of the Eroğlu Knitting project, a $120 million investment aimed at establishing a fully integrated garment manufacturi...
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Huge employment loss in Turkish textiles
The difficulties experienced in the textile and ready-made clothing sectors, which are going through difficult times, are also reflected in employment figures. In the first 10 months of 2024 alone, th...
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50 Million Dollar Investment from IFC to Küçükçalık Group
IFC’s $50 million financing will support Küçükçalık Group in advancing circular economy practices and increasing renewable energy usage. Funds will be used to build polyester chips plant, expand yarn...
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IFC Invests in Kuchukchalık Group to Advance Sustainable, Inclusive Growth in Turkey’s Textile Industry
-IFC’s $50 million financing will support Kuchukchalik Group in advancing circular economy practices and increasing renewable energy usage. -Funds will be used to build polyester chip plant, expand ya...
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IFC invests $50 million in Turkey’s Kucukcalik Group
IFC, a member of the World Bank Group, has announced a 50 million dollar investment in Kuchukchalik Textile Industry and Trade Inc. (Kuchukchalik), a home textiles manufacturer operating in Turkey and...
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Turkey’s Textile Industry faces uncertainty over potential Syrian worker departure
Turkey’s textile industry is grappling with growing concerns over labor shortages as discussions about the potential departure of Syrian migrants intensify.
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Turkish textile manufacturers weigh cross-border move to retain Syrian workforce
In a strategic pivot that could reshape regional manufacturing, Turkish textile manufacturers are exploring the possibility of following their Syrian workers across the border, signaling a potential...
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Turkish Textile Sector Considers Shifting Production to Syria
Turkey’s textile sector is exploring the possibility of relocating production facilities to Syria to overcome labor shortages and rising production costs, according to Ahmet Oksuz, chairman of the Ist...
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Turkish textile sector eyes Syria for production shift
Turkey’s textile industry should consider relocating the production facilities to Syria, chairman of the Istanbul Textile and Raw Materials Exporters’ Association (ITHIB), Ahmet Oksuz, suggested. In a...
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Turkish textile industry discusses production advantages in Syria
With the collapse of the 61-year Baath regime in Syria, a new process has begun in the region, and the Turkish textile and retail industry has announced that it aims to contribute to employment and pr...
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SCZone attracts $8.1 billion through 255 projects in 30 months
The General Authority for the Suez Canal Economic Zone (SCZone) has successfully secured 251 projects across its industrial zones and ports over the past 30 months, attracting a total investment of $6...
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Egyptian Denim Manufacturers on the African Nation’s Attraction
In recent years, Egypt has become a key center for denim production, and it has attracted investment from manufacturers based in other countries. A number of Türkiye-based manufacturers have made move...