SASA Commits To Major Fiber Production Plant Investment

Time: 2016-04-18

TURKEY — April 1, 2016 — SASA, a leading producer of polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT), is pleased to announce that in the meeting that has been held today, it has been decided by our Board of Directors that New Fiber Production Plant Investment of USD 70 Million is planned. The investment is made due to the company’s need to increase its present production capacity and market share; and 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/year will increase 100% up to 320,000 tons/year level; and it is expected that its contribution to the turnover will also be approximately  USD 170 million per year.

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