Home / Knowledge / News / Textiles / Turkey's Hateks acquires French textile firm Cotonella
Turkey's Hateks acquires French textile firm Cotonella
02
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

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marten Alkhagen
Swerea IVF AB

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search