Textile Cotton Fabric Exporter

8 January 2009 - The Turkish textile and clothing industries are now facing very strong difficulties after enjoying prosperity in the past years. Apparel exports fell more than 25% in December, further depressing textile production and imports. Large groups announced they will exit the textile sector as competition surges from China and other Asian and Mediterranean countries. The fall of the lira is not really supporting exports, only reflecting a looming financial crisis in the country.

8 January 2009 - After Israel launched its attack on Gaza, crude oil prices suddenly rebounded in the past days, triggering a rise in raw material costs of polyester fiber producers. Oil prices however fell on Wednesday while demand remains extremely weak from China's textile industry. There is no rebound in sight ahead of lunar year holidays.