Turkmenistan invests heavily in textile industry
Turkmenistan, Ashgabat, Dec. 25 / Trend H. Hasanov /
During the years of independence Turkmenistan invested over $1.65 billion in the reconstruction and modernization of the existing textile enterprises, with $ 300 million or 18 percent accounting for foreign investments, the state information service Turkmen Dovlet Khabarlary reported.
According to the information, the closure of the 'raw materials - finished products' chain within several large industrial structures of emerging textile cluster played in favor of competitive advantages of local textiles in the world market.
A number of large enterprises in this field were commissioned in 2012. The second part of the Abadan cotton mill was commissioned, numbering a total of over 70 facilities.
The state information service noted that Abadan cotton mill is one of the largest modern textile industries in Central Asia based on pneumo-spinning technology. The factory is equipped with European equipment.
The annual capacity of the mill is 4872 tons of combed and 275 tons of ring-spun yarn with a total cost of $22.7 million. More than half of the production will be exported.
Ruhabat textile complex opened in December. Its foundation was laid in October 2010 with introduction into service of the first structural unit - Ruhabat factory, producing blended yarn from cotton and polyester.
Manufacturing facilities are designed to produce more than 13,000 tons of production per year. Moreover, complex is designed to produce 20.3 million square meters of gray fabric products and 40 million square meters of high-quality dyed fabrics.
A greater economy of raw materials will be provided through the spinning mill for production of blended yarn from cotton, polyester and cotton yarn, the annual demand for which is 3642 tons.
According to the state information service, today the Ruhabat textile complex is one of the first enterprises of this kind in CIS.
Construction of a new cotton mill in city of Sadie in Lebap was launched in summer of 2012. Upon reaching the design capacity, the company will produce 6,000 tons of cotton yarn per year.
It is also planned to renovate and re-equip Turkmenabat cotton mill, previously operating in the city, with production capacity of 4,000 tons of yarn per year.
"It is generally known that harvesting rich cotton crops , Turkmenistan set the maximal use of huge resource potential and industry capabilities as the priority task in order to produce competitive products," the article said.