Group Sets Up Spinning Mill In Turkey

The signing ceremony of the textile group's investment in Turkey was held in the Balikesir Development Promotion Agency. Zhang Qingyang, Consul General of China in Istanbul, Hong Tianzhu, Chairman of the Board of Directors of the Group, Ahmet Turhan, Governor of the Province of Ba, President of the Association, President of the Industrial Association, Chairman of the Board of Directors of the Industrial Park, Secretary General of the Development Promotion Agency, Chairman of the Chamber of Commerce, General Manager of the Industrial Park More than 50 people from economic circles and journalists from the Turkish Investment Promotion Agency attended the event, and Li Jiang participated in the business office.

Governor Ahmet’s speech pointed out that the province has excellent geographical position and is a bridge and link connecting Europe, the Middle East, the Gulf and Central Asia. The port, airport, railway and highway transportation systems are complete, logistics is developed, and agriculture and tourism resources are abundant. The industrial base is solid, with exports of $1 billion last year and expectations of $8 billion over the next 10 years. Tianhong is the first Chinese company to invest in Pakistan and hopes to bring more Chinese companies to invest in Pakistan. It is also willing to take this opportunity to strengthen contacts with the Chinese Consulate General in Istanbul and seek opportunities for economic and trade cooperation. Special thanks to China in Istanbul. Consul General Zhang Qingyang attended the signing ceremony.

Consul General Zhang Qingyang said that the decision of the textile group to set up a factory in Pakistan is an important achievement since the establishment of the strategic cooperation between China and Turkey in October 2010, and is of great significance to the future development of economic and trade cooperation between the two countries. In recent years, China-Turkey exchanges of high-level visits have continued, political mutual trust has been strengthened, and cooperation in the fields of economy, trade, finance, culture, tourism, energy, and transportation has developed rapidly. Last year, China hosted a cultural year in Turkey. This year is Turkey’s cultural year in China. The series of large-scale events is rich and colorful, and it is powerful to deepen the promotion of bilateral relations. At present, the two governments are considering formulating medium- and long-term economic and trade cooperation plans, improving cooperation mechanisms such as the Economic and Trade Joint Commission and the New Silk Road Working Group, signing a newly revised bilateral investment protection agreement as soon as possible, deepening tourism finance cooperation, optimizing trade structure, and striving Achieve bilateral trade volume of 50 billion US dollars in 2015 and 100 billion US dollars in 2020. The Chinese Consulate General in Istanbul is willing to serve the development of China-Turkey economic and trade relations and is willing to make efforts to promote economic and trade cooperation between Pakistan and China. It is believed that with the strong support of the governor and the economic circles, the Tianhong project can be smoothly carried out and put into operation as soon as possible, adding a driving force for the economic development of the province and adding a bright spot for China-Turkey economic and trade cooperation.

Hong Tianzhu, Chairman of the Board of Directors of the Textile Group, expressed the hope that the project will receive strong support from the governor and relevant institutional departments. The investment will be carried out as scheduled. The first phase will provide 500 jobs, and all will provide 1,500 jobs. The project will be based on the principle of mutual benefit and win-win. It is well-functioning and well-run, and has become an outstanding company in Pakistan that is law-abiding, has significant benefits, and contributes to the local community.

Subsequently, Bahama Governor Ahmet and Hong Tianzhu, Chairman of the Board of Directors of Texhong Textile Group signed the contract for the purchase of land in the park.

The Turkish factory is located in the Ba Province Industrial Park. It covers an area of 204,000 square meters. It started construction in the first half of this year and will be put into production in the second half of next year. It employs 500 local employees. It is estimated that after the investment is completed in 2016, the factory will reach 1,500 people. The Bazhou Industrial Park was built in 1976 and covers an area of 560 hectares. There are 75 existing enterprises, including 3 foreign-funded enterprises from Austria, the United Kingdom and Italy, with 5,300 employees and one power plant and one sewage treatment plant.