SASA Commits To Major Fiber Production Plant Investment

ADANA, Turkey — April 1, 2016 — SASA Polyester Sanayi A.Ş. — a producer of polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT) — has announced a new fiber production plant investment of $70 Million. The investment is made because of the company’s need to increase its present production capacity and market share. The investment is planned to be applied in about late 2017.

At the end of investment, present fiber production capacity of SASA which is 160,000 tons per year will increase 100 percent up to the 320,000 tons per year level. It is expected that its contribution to the turnover will also be approximately $170 million per year.

Posted April 13, 2016

Source: SASA