BY ERAY SEN
Operating in the textile industry Atlas Denim will kick off new knitting facility project worth USD 150m, according to Beytullah Yildiz, Chairman of the Board of Atlas Denim. The company plans to invest USD 100m in denim fabric and yarn this year through which it will increase the monthly denim fabric capacity up to 5 million meters before it starts another USD 150m factory investment. “We’ll bring the first knitting facility in the textile sector in Adana, after we will complete the USD 150m worth investment to be set up on an area of 100,000 square meters that we recently acquired,” said Yildiz. He also stressed that they aim to be among top three denim manufacturers and top 5 yarn manufacturers in the country by 2023.
Ranked in the ISO Second Top 500
Atlas Denim was ranked as the 37th in the Istanbul Chamber of Industry’s ‘Turkey’s Second Top 500 Industrial Enterprises’ list (ISO Second Top 500) which it entered for the first time last year. The company achieved 60% of its manufacturing goal in 2020 due to the pandemic, while it approached its profitability target as a result of decline in financing expenses in a period when interests declined. “We’ve reached the capacity of a 30-year facility within two years. Our motto is to make Adana the capital of denim,” said Yildiz, stressing that they manufacture denim fabric with Atlas brand and yarn with Erbey brand.
Employment to increase to 2,000
“Both as Atlas and Erbey, we have invested USD 50m in total. We increased our capacity by 40% in the denim field. Our new machinery will be delivered in June, which will be ready by the end of this year,” he added. Manufacturing will gradually be increased as of Q3 and the capacity of 5 million meters will be reached by the end of 2021. On the yarn side, machinery is installed and production will begin in June at Erbey-2 facility.
“We laid the foundation of Erbey-3 production plant in which we’ve invested USD 35m,” said Yildiz. Accordingly, a new investment of nearly USD 80-100m will be completed in total this year. “Our employment will increase to 2,000 from 1,300 through these investments,” Yildiz added.