Turkmenistan’s Balkandokma complex doubles cotton yarn sales

Business 22 January 2022 12:43 (UTC +04:00)
Turkmenistan’s Balkandokma complex doubles cotton yarn sales

BAKU, Azerbaijan, January 22

By Amina Nazarli - Trend:

Turkmenistan’s "Balkandokma" CJSC produced 4,610 tons of cotton yarn in 2021, which is 1,220 tons more than in 2020, Trend reports citing Jeyhun news.

Last year, the complex, which is located in Serdar city and is run by Turkmenistan's Ministry of Textile Industry, sold products worth more than 83 million manats ($23.7 million) to domestic and international markets, nearly doubling the amount sold in 2020.

Balkandokma has been producing high-quality yarn from natural cotton fiber-stock sourced from various fields across the country since 2004.

The complex employs 630 specialists and has an annual production capacity of 11 000 tons of cotton yarn from 13 000 fiber stock, as well as fulfills orders for the production of special yarn for the jeans industry.

Cotton is an important export item in terms of foreign currency inflow for Turkmenistan, supplementing oil and gas revenues.

The government intends to allocate more than $300 million for the implementation of numerous projects in the textile industry by 2025, with the goal of increasing marketable item production by 1.2 times over the next few years.

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 to produce environmentally friendly products.