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

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

In China, cotton consumption is forecast to expand 4 per cent and...

Courtesy: ZDHC

Textiles | On 24th May 2018

Birla Cellulose, Isko, Lenzing join ZDHC programme

Birla Cellulose, Isko and Lenzing have joined ZDHC Roadmap to Zero...

50 mn Indian internet users buy products online: Report

Apparel/Garments | On 24th May 2018

50 mn Indian internet users buy products online: Report

India has an online population of 500 million but only 50 million...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Silke Brand-Kirsch
Schlegel und Partner

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search