Without a break on their investments in textile sector, Sönmez Holding has started an investment process worth 86 million TL for three different facilities. Continuing textile investments shows that Sönmez Holding, which continues activities in many sectors, will not go out of textile industry.
Sönmez Holding, one of the most important actors of Turkish industry since 1975, invested 86 million pounds in order to improve their activities in the textile industry and increase their capacity. Providing information about the investment Sönmez Holding Chairman of the Board Celal Sönmez said their confidence in Turkey’s economy was never shaken, despite the economic recession in recent years. As it is to be remembered, the Holding was discussing the possibility of getting out of the textile industry in the mid-2000s due to the decrease in the profit margin. Increasing and diversifying their activities in other industries in this process, Sönmez Holding has preferred to develop their investments in the textile industry instead of the exiting it.
A total of 86 million Turkish Lira for the Sönmez Holding ‘s 3 fold investment
Sönmez Holding makes their first investment for modernizing their spinning mill Sönmez Pamuklu Sanayi A.Ş (SPS) in order to expand their product range. This 70 million Lira investment will double the productivity and production capacity, while contributing significantly to energy savings. Celal Sönmez; “As Sönmez Holding, we are continuing to progress; by continuously developing and adding innovations into our corporate body; as per the path set by our founder Ali Osman Sönmez. With the investment made in SPS, the latest technology production will be started as well”. The company will invest in airjet spinning technologies for quality and efficient production.
The second investment of Sönmez Holding, with a budget of 10 million Lira; is made into ASF İplik Dokuma ve Boya Sanayi A.Ş catering into weaving and dyeing industries. The company, which will add the latest technology machines to its lines, exports to a wide range of countries; such as USA, China, Austria and Germany. Celal Sönmez; “Our investments in machinery and product development are an indication how much our country have a value for us.”
Holding’s latest investment will be made to Sönmez Raşel, which produces knitted fabrics. This investment in the amount of 6 million Lira will increase the capacity of the factory. Underlining that they will continue their investments; Celal Sönmez added that they will continue their growth strategies in all sectors in which they operate; considering the economic conditions of the world.
Today, Sönmez Holding continues their activities in many areas; especially in textile, tourism, energy, cement, technology, construction, media, retail and shopping malls.