High production costs and shrinking profits have forced many textile firms to seek out opportunities in diverse fields.
Recently, Kalkan Hosiery Business revealed plans to close down its hosiery production and turn to plastic, petrochemical or digital imprint industry.
Kalkan Textiles, headed by Necip Kalkan, was established in 1980 and ventured into hosiery in 1996.
Now, the company has decided to end its non-stop run for 26 years in the textile sector.
Kalkan explained, “It was impossible to go in-house manufacturing with low rates and tax burden. Trade cannot be profitable. So in a few months, we will step into a new sector. We are working at diversifying our hosiery factory to plastic, petrochemical or digital imprint factory.”
However, Necip assured for posterity sake that they would go on trading even if they shut the hosiery factory.
Fibre2fashion, News Desk - Turkey
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