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Taypa Tekstil to invest $800mn on its Algeria textile facility

YarnsandFibers News Bureau 2017-11-09 12:00:00 – Istanbul

Turkish denim manufacturer Taypa Teksil headquartered in Istanbul, one of the largest producers of denim in Turkey and supplier to brands including Levi’s and Calvin Klein, will be investing $800 million in its Algeria textile facility as interest and investment in African textile and apparel manufacturing is growing.

The company hopes to begin construction of its facility in Algeria in 2019. The project will be undertaken in three phases, with completion expected by 2025. The site, in the Relizane region of Algeria, will be a fully integrated facility producing a variety of yarns, fabrics and finished product.

The annual production capacity of the integrated facility is expected to be 30 million pieces, half of which will be for the Algerian market, and the remainder for export to the European Union and U.S.

Tyapa having facilities in Turkey, Egypt and Algeria, said that the action is a bid to double production capacity in North Africa and diversify its product offering.

Taypa exports 80 percent of its production to around 50 countries. It is also setting up a ready-to-wear facility in the Balkans, which it hopes to commission by the end of 2018.

Taypa’s has already invested $20 million in ready-to-wear production in Egypt, where its annual production capacity is about 6 million units.

The company is planning to open an office in New York at the Turkish Trade Center, where it will conduct the marketing for its Egypt operations. An office is also planned for London, which will host marketing, as well as departments such as showrooms and a design unit.

According to Rand Merchant Bank’s recent investment report “Where to Invest in Africa 2018” states that Investment Attractiveness Index saw Algeria fall to 13th place from 10th on the list of countries with the most desirable investment environment.

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