ADANA, Turkey — April 28, 2016 — The Board of Directors of Sasa Polyester Sanayi A.Ş. decided on April 28th, 2016, that a second-phase fiber production project with the value of approximately $110 million are started in order for the company to increase its present production capacity and market share. The developments in relation to the topic will be shared with the public.
The project will realize an increase of 200,000 tons per year in the present production capacity of the company, and will contribute to the financial turnover about $230 million per year in the economic conditions of the crude oil barrel price is between the range of $40 and $50.
Following the completion of the project, in year 2019, total fiber capacity Sasa will reach the level of 510,000 tons per year.
Posted May 6, 2016
Source: SASA Polyester Sanayi A.Ş.