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US' Standard Textile announces joint venture with Turkey's Küçükçalık

25
Jun '21
Pic: Standard Textile
Pic: Standard Textile
American textile company Standard Textile and Küçükçalik, a home textile and apparel manufacturer with key operations in Turkey and Egypt, have entered into a joint venture agreement. The companies will use their specialised expertise and knowledge to expand their product portfolio and accelerate growth in the healthcare, hospitality and consumer markets.

"We have admired Küçükçalik's world class facilities in Turkey and Egypt, and this joint venture allows us to both expand our global footprint and leverage their technology and expertise in fibre extrusion. Their innovative fibre extrusion and texturising operations provide new opportunities for our research and development teams to collaborate in designing and developing sustainable products using recycled fibre to meet the needs of current and future customers,” Gary Heiman, president and chief executive officer of Standard Textile, said in a statement.

Küçükçalik is a global textile manufacturing company that produces apparel, bedding, drapery and decorative products for the consumer market. The company opened its first weaving mill in 1990 and added dyeing and printing factories in 1992. In 2019, Küçükçalik created a new sustainable yarn from discarded PET bottles using advanced spinning technology. The company is listed among the top 500 companies in the Turkish industrial sector.

Standard Textile manufactures bed, bath and decorative products, serving the healthcare, hospitality, and consumer markets. It has manufacturing operations in North America, Europe, Asia and the Middle East.

"We are very happy to be able to continue our long-lasting friendship and existing trading relationship with Standard Textile now as co-shareholders. We are confident that this partnership will add significant value to Küçükçalik by allowing us to expand in markets where Standard Textile is particularly strong," said Yasar and Yilmaz Küçükçalik, the shareholders of Küçükçalik.

Fibre2Fashion News Desk (KD)


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