Home / Knowledge / News / Textiles / Turkey's Hateks acquires French textile firm Cotonella
Turkey's Hateks acquires French textile firm Cotonella
Dec '11
Hateks, one of the leading textile manufacturers in Turkey, has bought 90 percent stake in French home textile company Cotonella. The Paris-based company is also into designing, production, marketing and wholesale of towels and bathrobes.

“We are planning to raise our market share in Europe and the investment would play a significant part in achieving our growth targets,” Abud Abdo, CEO of Hateks, told fibre2fashion.

He informed, “Hateks earned total revenue of TRY 100 million in 2009, with an overall annual production capacity of 6,000 tons of spun yarns, 2,500 tons of towels and 450,000 bathrobes. By year-end, we are planning to invest in enhancing the capacity of our production facilities, too.”

In view of the current and future global scenario, he opined, “Turkish textile industry has not been impacted by the present financial crisis to the extent that the sector in other countries of Europe have been affected. The biggest advantage that the Turkish companies have is that they are engaged in production of high-quality goods.”

“The current market situation will continue in year 2012 with Europe and the US continuing to experience difficult times with their economies. All factors suggest that we need to be careful,” he added.

Hateks currently manufactures textile items in Turkey's southern province of Hatay and the Syrian province of Aleppo. It manufactures products for around 20 global brands like IKEA, Armani, Tchibo, Benetton, Diesel and Marks & Spencer.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search