ASHGABAT, Turkmenistan, April 23. The Turkmenabat Cotton Spinning Factory, located in the Lebap region of eastern Turkmenistan, produced almost 930 tons of cotton yarn in the first quarter of 2024, Trend reports.
According to the data, the enterprise produced goods worth almost 24.9 million Turkmen manat ($7.1 million) over the designated time period.
Over the past year, the company produced almost 5,884 tons of cotton yarn, totaling more than 45.3 million Turkmen manat ($12.9 million).
Furthermore, over the past year, the Turkmenabat factory shipped 2,727 tons of finished products, of which 1,789 went to the domestic market and 938 for export.
This enterprise currently employs over 570 individuals, ensuring consistent production.
Meanwhile, Turkmenistan plans to invest more than $300 million in more than 30 textile sector projects by 2025.
Significant investments will be made in both expanding present capacity and establishing over ten new manufacturing facilities, with existing firms serving as the foundation.