Cotam Enterprises to build new textile complex in Turkmenistan

YarnsandFibers News Bureau, 2018-02-23 12:00:00 - Ashgabat

Related Keywords: Construction work will kick off from next month, cotton yarn, dyed fabric, equipped with modern textile manufacturing technologies, high-quality fabric for sewing garments, inked agreement, Ministry of Textile Industry of Turkmenistan, ready made garments, set up new textile complex, textile and garment, Turkish company Cotam Enterprises Ltd

Ashgabat
Cotam Enterprises to build new textile complex in Turkmenistan

Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

The upcoming textile complex is expected to be operational by March 2021. It will be set up in Turkmenistan’s Akhal Velayat (region) and will be equipped with modern textile manufacturing technologies.

The annual production capacity of the enterprise will be 3,650 tonnes of cotton yarn, 12 million square meters of high-quality fabric for sewing garments, including 10 million square meters of dyed fabric, and 1.2 million pieces of ready-made garments.

The contract also provides for the improvement of the adjacent territory, the training of specialists and the supply of spare parts for technological equipment at the expense of the company within two years after the commissioning of the textile complex.

Markedly, the setting up of a new textile complex in Turkmenistan is part of Government’s plan to increase investment in the textile industry of the country to US $ 2 billion by 2020. The Government intends to upgrade the existing textile and garment manufacturing units and set up the new ones in order to strengthen the industry in Turkmenistan.

Over 20 textile firms with predominantly Turkish partners currently operate in the country.

Under the State Program for development of the textile industry for 2011-2020, by 2020 the government plans to increase investments in the textile industry to $2 billion. This will include both upgrading existing facilities and building new ones.

The addition of the new textile plant is anticipated to increase the annual export earnings of the country by US $ 350 million and enable the processing of around 230,000 tonnes of cotton per annum. It will also help increase the number of employees in the industry from almost 30,000 in 2013 to 36,000 in 2020.

0

Related Keywords: Construction work will kick off from next month, cotton yarn, dyed fabric, equipped with modern textile manufacturing technologies, high-quality fabric for sewing garments, inked agreement, Ministry of Textile Industry of Turkmenistan, ready made garments, set up new textile complex, textile and garment, Turkish company Cotam Enterprises Ltd

Ashgabat
Cotam Enterprises to build new textile complex in Turkmenistan

Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

The upcoming textile complex is expected to be operational by March 2021. It will be set up in Turkmenistan’s Akhal Velayat (region) and will be equipped with modern textile manufacturing technologies.

The annual production capacity of the enterprise will be 3,650 tonnes of cotton yarn, 12 million square meters of high-quality fabric for sewing garments, including 10 million square meters of dyed fabric, and 1.2 million pieces of ready-made garments.

The contract also provides for the improvement of the adjacent territory, the training of specialists and the supply of spare parts for technological equipment at the expense of the company within two years after the commissioning of the textile complex.

Markedly, the setting up of a new textile complex in Turkmenistan is part of Government’s plan to increase investment in the textile industry of the country to US $ 2 billion by 2020. The Government intends to upgrade the existing textile and garment manufacturing units and set up the new ones in order to strengthen the industry in Turkmenistan.

Over 20 textile firms with predominantly Turkish partners currently operate in the country.

Under the State Program for development of the textile industry for 2011-2020, by 2020 the government plans to increase investments in the textile industry to $2 billion. This will include both upgrading existing facilities and building new ones.

The addition of the new textile plant is anticipated to increase the annual export earnings of the country by US $ 350 million and enable the processing of around 230,000 tonnes of cotton per annum. It will also help increase the number of employees in the industry from almost 30,000 in 2013 to 36,000 in 2020.

0

Name Company
Mobile Country
Email Report
Verification
 


Related Keywords
Construction work will kick off from next month cotton yarn dyed fabric equipped with modern textile manufacturing technologies high-quality fabric for sewing garments inked agreement Ministry of Textile Industry of Turkmenistan ready made garments set up new textile complex textile and garment Turkish company Cotam Enterprises Ltd

 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    feedback button