To be held from June 22-26 in Istanabul, ITM 2021 exhibition will benefit companies that desire to expand their capacities and introduce new technologies. The exhibition will feature textile, yarn, knitting, weaving, dyeing, printing, finishing, and hosiery machineries, sub-industries, and chemicals. ITM 2021 will provide companies an opportunity to observe latest technological products in the international and domestic market. Machines produced for technical textiles will be the main attraction of the exhibition.

The Turkish textile industry succeeded in removing restrictions in June, thanks to both its textile production infrastructure and international exports capacity. This boosted its exports of textile and raw materials and encouraged companies to make new investments.

Many local companies enlarged their facilities while some of them made new investment decisions. For example, Çorlu, a leading textile machinery producer invested 40 million Turkish Lira in two new meltblown lines.

One of South Korea’s largest conglomerates has announced a $430 million investment Çerkezköy. These investments have managed to increase the the purchase of textile machinery by 37.1 per cent during the first nine months of 2020 amounting to over $1 billion.