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Wednesday, March 01, 2006

TURKEY: Major textile players faces crisis - Textile - Market News - Textile News

"TURKEY: Major textile players faces crisis

ANKARA: The textile sector of the country known as major player of the export has began to feel the affects of the crisis due to the competition against China regarding high taxes and high valued YTL, sources said here on February 27.

The sector representatives are going to meet the PM of the country on 28th Feb to seek solution against problem erupted due to closure or movement of factories abroad. Nearly eleven factories were closed in Gaziantep while Akkok Group halted the production in its factory in Yalova further showing huge affects on big companies in the country."

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