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Global apparel giants raise orders from Turkey
27
Jun '18
Several global apparel buyers, including Newlook, Near East Manufacturing, Colveta, Hermes Otto and Varnern, recently announced that they would increase their orders from Turkey by about 20 per cent. The announcement came at the Turkish Clothing Manufacturers' Association's (TGSD) 5th Procurement Strategies and Prospects Panel meeting in Istanbul.

Apparel exports of $17 billion would increase to $18 billion this year, and would reach around $25 billion in five years, TGSD chairman Hadi Karasu told the meeting.

Karasu and top domestic textile sector players stressed the importance of environment-friendly and quality production to make the rise in demand sustainable, according to a report in a Turkish daily.

Country manager Hayrettin Uysal of Colveta, which every year purchases €40 million worth products from Turkey, said the company plans to raise that figure to €65 million within five years.

Hermes Otto wants to raise purchases from Turkey to over €100 million in 2018, a 7 per cent growth. Verner, a major buyer, will also reportedly increase its apparel order from Turkey, currently €55 million, by 5-10 per cent this year. Near East Manufacturing will increase its $100 million order by 10 per cent. (DS)

Fibre2Fashion News Desk – India


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