Businesses overcomed the contraction in consumer spending as a result of the unstable geopolitical environment and high interest rates and inflation throughout 2023 with the measures for 2024.
Minister of Industry and Technology Mehmet Fatih Kacır announced the 450 Million Dollar Turkey Green Industry Project, provided to SMEs in cooperation with KOSGEB, TÜBİTAK and the World Bank.
The textile industry publicized a statement regarding the subsequent discussions following the increase in 'Additional Customs Duties' on textile and ready-made clothing imports.
Back in 2001, the Trützschler Group created its first wholly-owned subsidiary in China. Now, the team at Trützschler Textile Machinery (Shanghai) Co., Ltd. (TTMS) is celebrating a big landmark – delivering its 10,000th carding machine!
Bursalı, one of Turkey's largest towel exporters, became the company that registered the most designs in Turkey in the 'R&D 250 Research' compiled by Turkishtime.
Rafi Ay, General Manager of Öz İplik Labor Union, said that the production capacity of the textiles, weaving and ready-made clothing industries beginning to contract.
The Karl Mayer Group is intensifying its business activities in Turkey and is setting up a subsidiary in Bursa. The opening of the new site is planned for next October.
Eren Tekstil investment consists of three stages and 1100 people will be employed in yarn facilities where annual production of yarn reaches to 36 thousand tons.
"We are excited to offer our customers globally a complete package for recycling from June 2023 onwards” says Markus Wurster, “including tearing line, blow room, card, draw frame, card clothing and of course our service and technological know-how.”