Sign in | Join free

Chinese yarn producer texhong to invest in western turkey

Chinese yarn producer texhong to invest in western turkey Source: www.chinatexnet.com
Date: 16-10-2012
Visits: 267
Very Poor

Investment Support and Promotion Agency of Turkey (ISPAT) informed that a Chinese textile producer Texhong plans to invest USD 70 million in a yarn production plant in Balikesir province in Western Turkey.

"The Chinese company chose Balikesir as an investment location for its logistic and strategic advantages,”according to Mustafa Gundogan, Secretary General of the South Marmara Development Agency, the regional investment office for Balikesir and Canakkale provinces.

"The yarn manufacturing facility will cost USD 70 million and is scheduled to commence production within a year,”said Gundogan, adding that the project will enable the Chinese firm to reach European markets via Turkey.

The first Chinese company investing in Balikesir province in the country’s well-developed Marmara region, Texhong will provide employment for at least 500 people.

Texhong Textile Group Limited (HK 2678) was founded in 1997 by Mr. Hong Tianzhu. The Group is principally engaged in the production and distribution of quality yarn, grey fabrics and garment fabrics, especially of high value-added core-spun yarn and fashion cotton textiles.  Now it is one of the largest core cotton textile suppliers in the world and is a leading textile enterprise with focus on manufacturing high value-added core-spun cotton textile products.
like 288 Unlike 32
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
qrqci
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room