{"id":29333,"date":"2019-01-09T10:56:15","date_gmt":"2019-01-09T07:56:15","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=29333"},"modified":"2019-01-09T10:56:41","modified_gmt":"2019-01-09T07:56:41","slug":"textile-manufacturers-cure-investing","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/textile-manufacturers-cure-investing\/","title":{"rendered":"Textile Manufacturers Know the Treatment; the Cure for the Crisis is Investing"},"content":{"rendered":"<figure id=\"attachment_29331\" aria-describedby=\"caption-attachment-29331\" style=\"width: 324px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-29331 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/01\/yat\u0131r\u0131m-detail.jpg\" alt=\"Textile Manufacturers Know the Treatment; the Cure for the Crisis is Investing \" width=\"324\" height=\"179\" \/><figcaption id=\"caption-attachment-29331\" class=\"wp-caption-text\">Textile Manufacturers Know the Treatment; the Cure for the Crisis is Investing<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Textile and garment manufacturers, who are trying to balance the domestic market shrinkage by strengthening the exports, are developing their existing structures with investment. In 2019, the sector will obtain significant gains with investments.<\/strong><\/p>\n<p style=\"text-align: justify;\">Despite the fluctuations in foreign exchange, it became clear that the textile and garment industries exports would grow in 2018. The net export figures of the sectors will be announced in mid-January. However, the data for the first 11 months of 2018 confirm the growth. In January-November period of 2018, the textile industry realized exports of 9.7 billion dollars while the garment and apparel industry exported for 16.3 billion dollars. For a yearly forecast, a total export of 30 billion dollars seems very likely. The textile industry closed 2017 with 10.1 billion dollars of exports and the garment industry with 17 billion dollars of exports.<\/p>\n<p style=\"text-align: justify;\">Despite the increase in costs, the fluctuation in the exchange rates and the shrinkage in the domestic market; textile and garment manufacturers continue their <a href=\"https:\/\/www.textilegence.com\/en\/kipas-holding-textile-investment\/\" target=\"_blank\" rel=\"noopener\">investments<\/a> for export-oriented manufacturing. A news article confirming this development was published in Ekonomist. According to the news prepared by Ay\u015feg\u00fcl Sakarya Pehlivan 28 companies in the textile and garment industry plan to make a new investment of 100 million dollars in 2019. The report says that with this investment; companies will increase their capacity by 10 to 30% and aim to create nearly 5,000 new jobs.<\/p>\n<p style=\"text-align: justify;\">The investment of these companies is mentioned in this research completed in conjunction with Turkey Clothing Manufacturers&#8217; Association (<a href=\"http:\/\/tgsd.org.tr\/\" target=\"_blank\" rel=\"noopener\">TGSD<\/a>); Blok Moda, \u00c7al\u0131k Denim, Dinateks, Emirali Tekstil, Era Denim, Ercem Tekstil, ETS Ezgi Tekstil, I\u015f\u0131ksoy Tekstil, Inka Tekstil, Karahan Textile, Ki\u011f\u0131l\u0131, Koton, Mavi, Modateks, M\u00fcptela Tekstil, NGSTYLE, Orka Holding, Sarar, SMM Tekstil, Suglobal AS, Sun Holding, Taha Giyim, Telateks Tela, Texim, T\u00fct\u00fcnc\u00fcler Tekstil, THY Tekstil and Ye\u015fim Tekstil.<\/p>\n<h1 style=\"text-align: justify;\"><strong>Textile manufacturers create thousands of new job with million dollar investment<\/strong><\/h1>\n<p style=\"text-align: justify;\">\u00c7al\u0131k Denim stated in the list aims to increase its capacity by 30% with an investment of 8.4 million dollars in 2019; and to create employment for 342 people. Bursa-based Emirali Tekstil plans to create employment of 150 people with an investment of 8 million euros. Era Denim has an investment of 6 million euros in \u00c7orlu OSB; \u0130nka Tekstil 4 million TL in \u0130stanbul Esenyurt and Gen\u00e7 Tekstil 1 million Euro investment in Yalova in their agendas.<\/p>\n<p style=\"text-align: justify;\">There are serious investments in garment and retail industry. Brands that have stores in Turkey and worldwide draw the attention here. Ki\u011f\u0131l\u0131 has allocated a budget of 10 million TL to open new stores in Turkey and abroad. Koton is also focused on opening new stores abroad. Pehlivan&#8217;s news points out that Mavi brand will invest up to 5% of their turnover in 2019. Orka Holding, which branches worldwide with its Damat, Tween and D\u2019S brands, plans to create additional employment of 500 people with an investment of 80 million TL. Taha Giyim, owner of LC Waikiki brand; will provide additional employment to 550 people with an investment of 32.2 million TL in Malatya. Ye\u015fim Tekstil, which manufactures for many important fashion brands; has set an investment budget of 12.7 million dollars for the five-year period of 2018-2022.<\/p>\n<h2 style=\"text-align: justify;\"><strong>Giant Petkim investment<\/strong><\/h2>\n<p style=\"text-align: justify;\">In addition to retail investments in the textile and garment industry; there are also significant investments in the raw material sector. Petkim, one of Turkey&#8217;s most important industrial powers, has commissioned a new investment last year. An investment of 50 million dollars was made in the PTA plant; which provides raw materials for textile and PET packaging. With this investment, the annual capacity of the factory increased from 70 million tons to 105 thousand tons. The feasibility study for the second petrochemical plant in Petkim\u2019s Alia\u011fa campus is expected to be completed in April 2019 and work is expected to begin in June.<\/p>\n<p style=\"text-align: justify;\">Sanko Holding, which has invested 80 million for textile in 2018; announced that these investments in the scope of renewal and modernization will be operational in 2019. Tay Group, which has production facilities in Egypt and Algeria; announced that their 35 million Euro investment in Serbia will be operational in April 2019.<\/p>\n<p style=\"text-align: justify;\">Investor interest in Turkey\u2019s first and only Textile Specialized Organized Industrial Zone in Diyarbak\u0131r; which will be in operation this year, is said to be intense. Diyarbak\u0131r OSB will create employment for 10 thousand people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Textile and garment manufacturers, who are trying to balance the domestic market shrinkage by strengthening the exports, are developing their existing structures with investment. In 2019, the sector will obtain significant gains with investments. Despite the fluctuations in foreign exchange, it became clear that the textile and garment industries exports would grow in 2018. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[11355,10775,11353],"class_list":{"0":"post-29333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-petkim-en","9":"tag-textile-investment","10":"tag-tgsd-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Textile Manufacturers; The Cure for the Crisis is Investing - Textilegence<\/title>\n<meta name=\"description\" content=\"Textile manufacturers, who are trying to balance the domestic market shrinkage by strengthening the exports, are investing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/textile-manufacturers-cure-investing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile Manufacturers Know the Treatment; 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It focuses on the textile industry and sub-segments. The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.\",\"email\":\"editor@textilegence.com\",\"telephone\":\"+90 212 442 24 12\",\"legalName\":\"Textilegence Mag and Digital Platform\",\"foundingDate\":\"2013-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/46ccc7bfc34edbc7d46b6b189f88849f\",\"name\":\"Engin Buz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"contentUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/engin-buz.jpg\",\"caption\":\"Engin Buz\"},\"description\":\"Engin Buz, Ankara \u00dcniversitesi \u0130leti\u015fim Fak\u00fcltesi Gazetecilik B\u00f6l\u00fcm\u00fc\u2019nden mezun olduktan sonra Y\u0131ld\u0131z Teknik \u00dcniversitesi\u2019nde Siyaset Bilimi ve Uluslararas\u0131 \u0130li\u015fkiler alan\u0131nda y\u00fcksek lisans\u0131n\u0131 tamamlam\u0131\u015ft\u0131r. 2000 y\u0131l\u0131ndan sonra \u00e7e\u015fitli yay\u0131nc\u0131l\u0131k \u015firketlerinde \u00e7al\u0131\u015fmaya ba\u015flayarak k\u00fclt\u00fcr-sanat ve daha sonra ekonomi haberleri haz\u0131rlam\u0131\u015ft\u0131r. 2009 y\u0131l\u0131ndan itibaren tekstil end\u00fcstrisine d\u00f6n\u00fck yay\u0131nlarda edit\u00f6r olarak g\u00f6rev alan Buz, 2013 itibariyle kurulan Textilegence\u2019de haber edit\u00f6r\u00fc olarak yer almaya ba\u015flam\u0131\u015ft\u0131r. 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