{"id":32638,"date":"2019-07-26T09:49:36","date_gmt":"2019-07-26T06:49:36","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=32638"},"modified":"2020-03-03T11:47:24","modified_gmt":"2020-03-03T08:47:24","slug":"sasa-giant-investment","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/sasa-giant-investment\/","title":{"rendered":"SASA Launches Giant Investment of 11.8 Billion Dollars"},"content":{"rendered":"<p style=\"text-align: justify;\">Erdemo\u011flu Holding aims to increase its strength in this field with its polyester company, SASA. The holding plans to complete the plant investment in Adana Yumurtal\u0131k worthing $11.8 billion by 2031. Speaking at a related press conference, Erdemo\u011flu Holding Chairman, \u0130brahim Erdemo\u011flu stated that the investment will be divided into 5 main companies and they may cooperate with local or foreign partners in the future.<\/p>\n<p style=\"text-align: justify;\">Erdemo\u011flu stated, \u201cEstablished in 1966, SASA entered to a growth process with new <a href=\"https:\/\/www.textilegence.com\/en\/category\/topical\/\" target=\"_blank\" rel=\"noopener noreferrer\">investment<\/a> decisions. Our <a href=\"http:\/\/www.sasa.com.tr\/\" target=\"_blank\" rel=\"noopener noreferrer\">capacity<\/a> increased from 350,000 tons\/year in 2018 to 700,000 tons\/year this year. Our turnover rose to $786 million compared to $450 million last year. The turnover of SASA, which we took over as $400 million in 2015, will reach $1.9 billion in 2021.\u201d Erdemo\u011flu pointed to the fact that SASA shares have grown 8 times since their acquisition.<\/p>\n<h2 style=\"text-align: justify;\"><strong>Sasa investment project to help Turkey reduce account deficit<\/strong><\/h2>\n<p style=\"text-align: justify;\">\u0130brahim Erdemo\u011flu gave further details about the investment process: \u201cThanks to the information and support of the President, 6.8 million square meters of land was allocated in the region. We started our work with this land quickly. We will invest $11.18 billion to Yumurtal\u0131k until 2031.\u201d This investment would contribute $5.2 billion annually to the reduction of the country&#8217;s current account deficit and would indirectly increase to $12-15 billion.<\/p>\n<p style=\"text-align: justify;\">Erdemo\u011flu stated that the EIA report for the investment will be completed in October 2019 and after the expropriation decision, they will start the production of PTA and MEG raw materials worth $ 1.5 billion in SASA in 2020. The plant is slated to have a capacity of 13 million tons of raw material and chemical upon its start-up.<\/p>\n<p style=\"text-align: justify;\">The investment will be divided into 5 main companies while the company may welcome local or foreign partners for these companies in the future. Erdemo\u011flu highlighted, \u201c7 organizations around the world are willing to become partners in SASA&#8217;s investment. Three of them are from Japan, two from South Korea, one from Kuwait and the other from Europe. We will meet with these companies following the completion of the EIA report and approvals. We will not recruit partners to SASA, but to its subsidiaries. This partnership will not exceed 50% and SASA will have the total control.\u201d<\/p>\n<figure id=\"attachment_32635\" aria-describedby=\"caption-attachment-32635\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-32635 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/07\/sasa-detail.jpg\" alt=\"SASA Launches Giant Investment of 11.8 Billion Dollars\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/07\/sasa-detail.jpg 1200w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/07\/sasa-detail-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/07\/sasa-detail-696x392.jpg 696w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-32635\" class=\"wp-caption-text\">SASA Launches Giant Investment of 11.8 Billion Dollars<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Merinos will increase market share to 7%<\/strong><\/p>\n<p style=\"text-align: justify;\">Merinos brand belongs to the holding as the largest machine manufacturer for carpet industry in Turkey and the world. Erdemo\u011flu continued, \u201cMerinos exports 85% of its production. Including a facility in Russia, the company produces 5% of the machine made carpets in the world today. We aim to increase it to 7% in the next 3 years.\u201d<\/p>\n<h2 style=\"text-align: justify;\"><strong>Dinarsu preferred Br\u00fcckner&#8217;s carpet back coating lines<\/strong><\/h2>\n<p style=\"text-align: justify;\">Long-established textile finishing technologies manufacturer Br\u00fcckner strengthens its ties with the Turkish textile industry. Dinarsu, one of the most important brands of the global carpet market, preferred Br\u00fcckner for new investments as in the past. Dinarsu ordered for Br\u00fcckner&#8217;s carpet back coating lines.<\/p>\n<p style=\"text-align: justify;\">Founded in 1955 and moved to \u00c7erkezk\u00f6y integrated facilities in 1975, Dinarsu has been operating within Erdemo\u011flu Holding since 2005. With its targeted investments and wide product range, the <a href=\"https:\/\/www.dinarsu.com.tr\/\" target=\"_blank\" rel=\"noopener noreferrer\">company<\/a> is taking firm steps towards becoming a world brand. Dinarsu is the first and only manufacturer to offer production quality at 400 dpi resolution and is the first manufacturer of tufted carpet with a CE certificate in Turkey. <em>Read more following this <a href=\"https:\/\/www.textilegence.com\/en\/dinarsu-preferred-bruckner-carpet-back-coating-lines\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">link<\/span><\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Erdemo\u011flu Holding aims to increase its strength in this field with its polyester company, SASA. The holding plans to complete the plant investment in Adana Yumurtal\u0131k worthing $11.8 billion by 2031. Speaking at a related press conference, Erdemo\u011flu Holding Chairman, \u0130brahim Erdemo\u011flu stated that the investment will be divided into 5 main companies and they [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":32634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10137,11728],"class_list":{"0":"post-32638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-investment","9":"tag-sasa-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SASA Launches Giant Investment of 11.8 Billion Dollars - Textilegence<\/title>\n<meta name=\"description\" content=\"Erdemo\u011flu Holding aims to increase its strength in this field with its polyester company, SASA. 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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\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. CNNTURK\u2019 kanal\u0131nda staj\u0131n\u0131 tamamlad\u0131ktan sonra Referans Gazetesi\u2019nde \u00e7al\u0131\u015fmaya ba\u015flad\u0131. 2 y\u0131l sonra Textilegence markas\u0131yla tekstil end\u00fcstrisine y\u00f6nelik kendi medyas\u0131n\u0131 kurdu. \u015eu anda Textilegence.com, Printing3D ve NEFA PR Ajans\u0131\u2019n\u0131n 12 y\u0131ld\u0131r y\u00f6netimini yapmaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/fatih-cengiarslan-32352265\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/32638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=32638"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/32638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/32634"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=32638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=32638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=32638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}