Economy
Turkish polyester giant Sasa announces new investment
Fiber production plant with 367,500 tons of annual capacity expected to generate $550 million turnover, says Sasa
Tuba Şahin |
22.03.2021 - Update : 22.03.2021
ANKARA
Turkish polyester producer Sasa on Monday announced a new investment with an estimated value of $330 million.
The new fiber production facility with a capacity of 367,500 tons a year is expected to generate a turnover of around $550 million, according to a statement issued by Turkey's Public Disclosure Platform (KAP).
"The investment is planned to be commissioned in the fourth quarter of 2023," the company said.
