Home / Knowledge / News / Textiles / Boydak Holding invests TRY 50 mn in textile sector
Boydak Holding invests TRY 50 mn in textile sector
May '10
As per the CEO of Boydak Holding, Memduh Boydak, the company this year will make an investment of about TRY 50 million in the textile sector.

Last year, the holding company generated a revenue of TRY 3.6 billion with its total profits touching TRY 319.9 million, said Haci Boydak, Chairman, Boydak Holding.

Mroe so, Boydak also stated that, the company over the next two years will also invest US $1 billion in renewable energy.

Continues Boydak that, the company will supply 40 percent of this amount from its own internal accurals. It has already staked bids for seven power projects that will be auctioned by the authorities.

More so, the company generated export revenue of $406 million in the period under consideration. This year, the holding company has a revenue target of TRY 4 billion, an increase of 11 percent year-on-year. Also, the company intends on appointing 500 additional employees.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search