Home / Knowledge / News / Textiles / Turkish textile firm Nergiz to invest in Russia
Turkish textile firm Nergiz to invest in Russia
Jun '12
Nergiz, the Turkish textile company engaged in manufacturing of yarns and fabrics, will be investing US$ 500 million to set up a production unit in the Republic of Dagestan, one of the 83 federal subjects of Russia.

This was disclosed after a meeting between Javid Caglar, the Chairman of the Board of Directors of Nergiz, and Magomedsalam Magomedov, Head of the Republic of Dagestan.

The first phase of the project to set up a textile manufacturing unit is expected to generate around 5000 new employment opportunities in Dagestan.

The Dagestan Head assured the Turkish company that his administration will provide all necessary assistance for setting up the textile unit, as it will benefit Dagestan's economy.

Mr. Caglar said the availability of raw materials at affordable prices and developed transportation system are the factors that attract attention of investors and give business advantage to Dagestan.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search