Turkish textile exporters say making long-expected recovery

Turkey's textile and clothing industry is making its long-expected recovery, head of union of Turkish textiles exporters has said.

Turkish textile exporters say making long-expected recovery

Hit hard by the global economic downturn and ferocious competition from the Far Eastern manufacturers, Turkey's textile and clothing industry is making its long-expected recovery, head of union of Turkish textiles exporters has said.

"The sector is having its best time in five years. Orders are full for the next six months and we are winning our old customers back who we have lost to the Far Eastern producers," said Tarik Bozbey, chairman of the Mediterranean Union of Ready-Wear and Apparel Exporters.

Bozbey said the next three years were likely to see revenues from textile exports significantly rising despite surging cotton prices and sewing costs, adding recovery in housing market also helped home textile manufacture revive.

Bozbey said 200 thousand out of 250 thousand textile workers who had lost their jobs over the last five years reclaimed their jobs with the sector was need for another 100 thousand workers.

Bozbey said 2.5 million people were employed in the Turkish textiles industry, which he said had a potential to make $25 billion a year.


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Last Mod: 05 Ocak 2011, 14:45
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