Admin TOA

Admin TOA

Why Haven't We Been Affected by the Crisis?

In May 2006, Sefa Stone began serving American consumers with its 16,000 sq.ft. depot in Miami. The reason the company chose the city of Miami, the heart of the East Coast, is the high demand for natural stone in that area.

The Chemicals Sector Has Grown in Spite of the Crisis

Parallel to the effects of the current economic crisis, Turkey has now experienced a decline in its exports for the first time in 32 months. The export figures for October 2008 decreased by 1.87% in comparison to the same month last year and by 21.8% in comparison to last year’s auto industry figures.

Turkish Textile Industry

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Halit Narin, President of the International Textile Manufacturer?s Association and chairman of the board of the Turkish Textile Employers Association,

The textile and ready-made clothing sector is one of Turkey’s locomotive industries. Of the approximately 43,000 companies that are operating in the sector, 25% of them are active exporters. Of Turkey’s 500 largest manufacturing establishments, 20% of them are active in the textile and ready-made clothing sector. It is estimated that total investments made in Turkey’s textile and ready-made clothing sector have surpassed $150 billion.
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