CHINA TEXHONG OPENS YARN FACILITY IN TURKEY, EYEING ON THE EU MARKET
June 1st, 2013
TROUBLED Turkey’s textile sector is to get a shot in the arm with the launch of a major Chinese-owned yarn manufacturing plant in Balıkesir, west Turkey, south of Istanbul. Shanghai-based Texhong plans to invest about USD180 million in the factory complex, which will supply more than 16,000 tonnes of core-spun cotton yarn and blended yarn to the European Union (EU) market annually, Qiu Ming, general manager at Texhong Turkey told WTiN.com.The facility is to be built in 3 stages. Mr Qiu said the first stage is scheduled to be completed in the second half of ...
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