...

Turkmenistan's Dashoguz cotton spinning factory names volume of yarn production

Business Materials 12 August 2021 15:11 (UTC +04:00)
Turkmenistan's Dashoguz cotton spinning factory names volume of yarn production

BAKU, Azerbaijan, August 12

By Jeila Aliyeva - Trend:

"Serdar" Dashoguz cotton spinning factory of Turkmenistan produced 917,500 tons of yarn from January through July 2021, Trend reports with reference to Business Turkmenistan information portal.

The factory annually processes more than 2,000 tons of cotton fiber, from which about 1,750 tons of yarn are produced.

Turkmenistan plans to allocate more than $300 million for the implementation of over 30 projects in the textile industry by 2025.

Due to the above-mentioned investments, the manufacture of commercial products is expected to grow 1.2 times in Turkmenistan by 2025. Also, the implementation of the planned measures will allow the textile industry of Turkmenistan to carry out constant technical and technological re-equipment of existing and the creation of new high-tech industries.

Major investments will be directed not only to expanding existing capacities but also to creating more than 10 new production facilities based on existing enterprises that use modern technologies for the manufacture of environmentally friendly products.

In general, over the years of independence, about $2 billion were invested in the construction of new and reconstruction of existing textile enterprises.

---

Follow the author on Twitter: @JeilaAliyeva

Tags:
Latest

Latest