Turkmen Enterprise Produces Yarn Worth Nearly 70 Million Manats

BUSINESS TURKMENISTAN
Turkmen Enterprise Produces Yarn Worth Nearly 70 Million Manats
Last year, Gokdepe Cotton Spinning Factory produced thousands of tons of cotton yarn (Nm 16 and Nm 20).

Gokdepe Cotton Spinning Factory of the Ministry of Textile Industry of Turkmenistan has successfully completed 2020 with high production indicators, Ahal Durmuşy newspaper reported on Friday.

Over the past year, the enterprise produced over 69.963 manats worth of products, achieving a growth rate of 109.6%.

The factory produced thousands of tons of cotton yarn (Nm 16 and Nm 20), according to the report. Widely used in garments and knitwear, these products are in high demand in international markets.

Turkmenistan presently exports around 80% of the manufactured textile products to the CIS countries, Europe, Asia and other parts of the world. Turkey, Russia, China, Kazakhstan, Armenia, Azerbaijan, Belarus, Ukraine are major importers of the textile industry in Turkmenistan. More than 30 Turkmen textile enterprises are exporters. The export of Turkmen textiles for 11 months of 2020 amounted to $318.9 million.

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