"Behind this success are strong sales and marketing strategies, strategic geographical location, flexible production structure, customer-oriented solutions, and sustainable production experience. Despite the challenging conditions, our Holding offered products to more than 50 countries and achieved brilliant financial results by realizing over 800 million-dollar exports in 2023."
ERDEMOĞLU Holding is the banner-bearer in Turkey's carpet and chemical sectors. In 2023, despite the geopolitical, social, and economic challenges, our group achieved significant success in its export performance. Behind this success are strong sales and marketing strategies, strategic geographical location, flexible production structure, customer-oriented solutions, and sustainable production experience.
The year 2023 has been a difficult year for everyone with the earthquake disaster we experienced and economic fluctuations throughout the world. The increase in global inflation pushed central banks to raise interest rates, which triggered the global recession. This situation has created tight competitive conditions for textile producing countries, particularly Turkey. Despite the challenging conditions, our Holding offered products to more than 50 countries and achieved brilliant financial results by realizing over 800 million-dollar exports in 2023.
The chemical industry has consistently provided inputs to major players in the global manufacturing sector. We can say that the industry has high potential for exports. In the chemical industry, we, as the holding, have a leading position in regions other than China and India. Extended shipping times from the Far East to Türkiye and Europe, increasing freight costs, and fluctuations in energy costs have increased the demand for our country from the producers in our nearby region. Gaziantep - Turkey plays a significant part in the piece carpet sector. The presence of major carpet manufacturers in the same area, qualified workforce, and the production of environmentally friendly products with high added-value have supported the Gaziantep region in dominating the market. Our group is the world leader in the piece carpet sector. We aim to maintain our competitive position with product diversification and our modernized machinery in the carpet sector. Additionally, we plan to increase our market share in the wall-to-wall carpet (tufting) sector through our investments.
Yumurtalık Project will be one of the largest petrochemical facilities in Turkey
One of the holding’s largest projects, the Yumurtalık Petrochemical Facility Project, will be one of Türkiye’s largest petrochemical plants and is expected to be completed in 12 years with an investment cost of 20 billion USD. With these investments, Erdemoğlu Holding aims to contribute to Türkiye’s economic growth and break export records in 2024.
WE WILL FOCUS ON CAPACITY AND MODERNIZATION INVESTMENTS IN THE CARPET AND CHEMICAL SECTORS
In parallel with the reduction of global economic uncertainties and the increase in demand, especially in nearby markets, our group is focusing on ongoing capacity and modernization investments in the carpet and chemical sectors. These investments, valued at approximately 2,3 billion USD, are expected to be mostly completed in 2024. Projects such as the PTA (Pure Terephthalic Acid) Production Facility, Textile Chips, Beverage Chips, and Pet Chips Production Facility, Fiber Production Facility, and Rooftop Solar Power Plant (GES) will contribute to increasing our exports by providing cost advantages. We aim for approximately 20% real growth in 2024.
Source of News: NB Ekonomi Newspaper - EXPORT 2024 Book
