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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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Egypt signs 2nd phase of Egyptian Cotton Project with UNIDO
Egyptian Ministries of Agriculture and Industry have signed a document for the second phase of the Egyptian Cotton Project with the United Nations Industrial Development Organization (UNIDO), accordin...
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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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Turkish Textile Machinery Exports Increased by 20% in the First 10 Months of 2024
Interview: Dilek Hayırlı TEMSAD President Adil Nalbant said “Our sector, which achieved market diversity in 2024, managed to increase its exports. In the first 10 months of 2024, our exports increased...
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Turkey’s textile exports to Egypt increased by 30% in the first 10 months
According to the ‘Textile and Raw Materials Sector Export Performance in October 2024’ report published by ITHIB, the textile and raw materials sector ranked 8th in Türkiye’s overall exports with a sh...
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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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Turkish apparel exports drops by 10% in H1 2024
In the first half of 2024, Turkish apparel exports experienced a significant decline, falling by 10% to 8.5 billion US dollars. This decrease highlights the challenges facing the Turkish apparel indus...
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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...