Israeli firm Nanosono will build a factory in Turkey through a tie-up with a local company, ODAS, which will significantly invest in the nanotechnology start-up. The size of ODAS’ investment is yet to be disclosed. The factory will manufacture anti-bacterial fabrics and textiles that will be marketed by both in Israel, the Asia-Pacific and Europe.

"This is a significant milestone in Nanosono’s business growth on the way to becoming a leading global player in the anti-bacterial textile market,” Ori Bar Chaim, chief executive officer (CEO) of Nanosono, was cited as saying by Israeli news reports.

“I have no doubt that the joint development will provide great value to advanced antibacterial brands in the textile market, particularly in the current era when demand for antibacterial solutions is at its peak. I would like to thank our partner ODAS from Turkey for their investment and trust and thank Nimrod Arad, member of the Israel-Turkey Chamber of Commerce, for introducing and promoting this important agreement,” he said.

“The collaboration will contribute to the realization of ODAS' vision of providing groundbreaking solutions in various industries. Nanosono’s unique platform that is at the forefront of technology along with our advanced industrial capabilities and our talented engineers will take the textile market to the next level,” ODAS CEO Burak Altay said.

ODAS operates in a variety of industries, mainly in energy and mining, and is ranked among the 100 largest companies on the Turkish stock exchange, Borsa Istanbul.

Fibre2Fashion News Desk (DS)

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