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Chinese yarn production company to invest in Turkey

Posted on 31 October 2012

Istanbul, 30 October 2012 – Texhong, one of China’s leading yarn production companies, is to invest 70 million USD in a new factory in Balikesir in western Turkey. Secretary General of Turkey’s South Marmara Development Agency said “The Chinese company chose Balikesir as an investment location for its logistic and strategic advantages” adding “The yarn manufacturing facility will cost USD 70 million USD and is scheduled to commence production within a year”. The new factory is expected to employ 500 workers. Source: Invest in Turkey

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