Eren Holding Runs 200 Million Dollars of Yarn Investment in Bitlis

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.

  18 September 2023 12:10 Monday
Eren Holding Runs 200 Million Dollars of Yarn Investment in Bitlis

Bitlis campus, which will produce yarn with a total capacity of 100 tons per day in order to increase domestic and national production by Eren Tekstil which operates under the umbrella of Eren Holding, was inaugurated with a ceremony which held with the participation of President Recep Tayyip Erdoğan.

“We Continue to Increase the Qualified Workforce in Our Soil”

While delivering a speech at the opening ceremony, Eren Holding Chairman of the Board Ahmet Eren emphasized on their aim to come up with a sustainable solution to the employment problem of Bitlis and the region as well with the production facility inwhich the major aim will be on creating added value for the Turkish economy and the textile sector, and said; “We have been supporting the educational and cultural activities in Bitlis effortlessly ever since. We want to support our Bitlis in the economic field as well with the establishment of this yarn factory which we stand next to. This facility is the largest industrial production facility established by the private sector in Eastern Anatolia, excluding Malatya, since the foundation of our Republic. When all its units are completed, the total cost will be 200 million dollars and employment will be provided to 1100 people. More importantly, other investments will also be encouraged and as a modern facility, a good example will be set for the future generations.

However, in addition to the existing measures, new measures should be put into effect as well in order to encourage the investors who will come to this region to make a profit outside of social responsibility. We have completed our scientific study, which includes our suggestions on this subject. We will present it to the relevant departments of our state. We wish that both the Eren Tekstil factory and the public investments which will be unlocked will be beneficial for our Bitlis and for our country, and in this regard, we extend our thankfullness to all of the teams whom have contributed.

We were honored and privileged to see once again the trust and support of our President Recep Tayyip Erdoğan to the region and the textile industry by participating in our opening ceremony. We would like to express our gratitude to himself and to our state for their valuable contributions.”

It will Contribute to Employment

The investment of approximately 200 million dollars by Eren Tekstil consists of three stages in total. In the yarn facilities, which was first commissioned in 2021, with a total open area of 215 thousand square meters and a closed area of approximately 100 thousand square meters, with an annual production of 36 thousand tons of yarn, 1100 people will be employed.

The first two Stage yarn facilities, which started their production activities, will carry out 24 thousand tons of yarn production annually, and with the commissioning of the Third Stage, approximately 36 thousand tons of yarn production will be achieved annually. The third phase will be operational as well in December 2024.

The Major aim is to Increase Textile Exports

At the facilities, the aim is on contributing to the import and export volume of 450 thousand tons, which applies to cotton yarn and blended yarn items, as of 2022 in consistent with the foreign trade figures, by approximately 6 percent and to increase the global competitiveness of Turkey in the textile sector. Approximately 50 percent of the yarn which is to be produced is planned to be allocated to export capacity.

Bitlis yarn production facility has become Eren Holding's second largest investment in the textile industry.

In order to contribute and support female workforce employment, a large part of the number of employees consists of female personnel.

About Eren Tekstil

Eren Holding started its commercial operations in the textile sector in 1969 and carries out the production of world brands under its licensee with advanced technologies. It sells its products through its owned stores in the domestic and foreign markets. Its facilities, which continue their services with the use of renewable energy resources and sustainable production awareness, are expanding their operations continually. Increasing its new investment plans gradually, Eren Holding has also put into operation the Yarn Production Facilities with the largest production capacity in Eastern Anatolia, which will be amongst the leading facilities of the sector.

Eren Holding continues its investments and steady progress in the sector with Eren Perakende, with more than 500 stores and over a thousand sales points in 25 countries. The famous French brand Lacoste, which meets its consumers in 120 countries all over the world, has been represented in Turkey by Eren Perakende since 1990. Adding the world fashion giant Burberry to its brands in 2005, Eren strengthened its association with world brands by obtaining the distributorship rights of Gant in 2012. It later acquired the multi-brand shoe chain SuperStep, the American clothing brand Nautica, and the street style guide Converse as well. With The Kooples brand as well, which opened its first store in Turkey in Zorlu AVM, it brought a new brand to Turkey in the luxury clothing category. House of SuperStep said "hello" to the sector with its four-storey store in Ortaköy in November 2020. The latest product of Eren Retail's passion for innovation, FashFed is an online shopping platform that offers the latest and top off the shelves products of brands that gives direction to global preferences. In 2023, it added Intersport to its portfolio, which brings together the most distinguished brands of the world with ardent sports followers. In addition, Occasion stores with outlet concept, where out of the series products of many different brands, especially the brands within Eren Perakende, are located within the company as well.


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