Home / Knowledge / News / Textiles / One more Turkish textile enterprise shifts operations
One more Turkish textile enterprise shifts operations
21
Oct '09
The trend of Turkish textile manufacturers, starting or shifting operations to the African continent, particularly to Ethiopia is gathering pace. One of the biggest textile producers and exporters in Turkey is finalizing plans to relocate its factory to Ethiopia.

Saygin Dima Textile S.C., which is one of the biggest textile companies and exporter in Turkey, is firming up on plans to shift base to Ethiopia.

A few years ago, AYKA Textiles, another Turkish textiles company, shifted its garment production units to Ethiopia to take advantage of the relatively cheap labour in Ethiopia and the attractive incentives the government provides for foreign investment in the sector.

The biggest investment to come from Turkey was from AYKA and it still enjoys the status along with receiving full from the government. It had revealed plans to take advantage of the African Growth and Opportunity Act (AGOA), which provides duty free access to the US.

Saygin Dima Textile is setting up the plant on a 17 hectare plot in the town of Sebeta and has entered in to a joint venture with Ethiopian Government, which will be a minority stake holder in the venture.

In August, a group of Turkish investors announced plans to build an industrial zone in Legetafo locality with a total investment capital for USD 10 billion and five more Turkish textile companies are in the pipeline to shift their factories to Ethiopia.


Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Anvita Mehra
Confidential Couture

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search