Tag: investment
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Sun Tekstil targets a 5 million dollar investment for the U.S. market
Amid rising risks in global trade in recent years, which have made long supply chains more fragile, Sun Tekstil has joined among the companies relocating production closer to their export markets. With a 5 million dollar investment, the company aims to strengthen its competitive advantage by shifting its production capacity to Central America. Through the…
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Saat & Saat raises apparel growth targets with acquisition of Turkish textile giant
USPA Global announced the acquisition of Aydinli Hazir Giyim San. Tic. A.S. (Aydinli Group) by HRK Holding A.S. (Saat & Saat). Both entities are licensing partners of U.S. Polo Assn., which is USPA Global’s multi-billion-dollar sports brand and the official brand of the United States Polo Association (USPA). As one of the brand’s largest partners,…
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Asteks and Nexrone launch global investment initiative: Westure Ventures established in the Netherlands
Türkiye’s long-established industrial powerhouse Asteks and one of the rising innovative forces in Europe’s startup ecosystem Nexrone Global announced the launch of their new investment company built on a shared vision: Westure Ventures. Headquartered in the Netherlands, Westure aims to invest more than USD 30 million over the next five years. The company will focus…
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KCG Textile raises its target in Egypt with an additional investment of 24 million dollars
Founded in 2007 and started to operate in Egypt in 2008 in the field of home textiles, KCG Textile laid the foundation of its new factory in 10th of Ramadan Industrial Zone. The company, which is under the umbrella of Küçükçalık Group, is expected to provide employment for 2,300 Egyptians in total by adding 500…
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Akkök Holding targets over 500 million dollars in investments this year
Akkök Holding, one of the industrial enterprises operating in chemicals, energy, real estate and textiles and many more industries, has positioned 2025 as a transformative year with its strategies of indigenization in technology, increasing its export power and expanding its market share. The Holding is preparing to realize its new project in the real estate…