Migiboy Tekstil Prepares to Open Its Fourth Factory

Operating in the fields of yarn, knitted fabric and dye-printing, Migiboy Tekstil is one of the leading companies in the Turkish textile sector with its 50 years of experience.

Migiboy Tekstil Prepares to Open Its Fourth Factory

Operating in the fields of yarn, knitted fabric and dye-printing, Migiboy Tekstil is one of the leading companies in the Turkish textile sector with its 50 years of experience. The company, which established three factories in half a century; continues to grow with investments in construction, energy and hospitality sectors.

The Canpolat family, which stepped into the textile industry 50 years ago, today produces yarn and fabric in three factories in Çorlu, Kahramanmaraş and Kırklareli. Canpolat family, which sells 95 percent of the yarn produced to the domestic market, and exports the fabric to 20 countries.

Having reached a turnover of 270 million TL two years ago, Migiboy Tekstil is now preparing for a large investment. Vehbi Canpolat, Chairman of the Board of Migiboy Tekstil, describes his goals and new investments as follows:

“We have factories in Çorlu, Kahramanmaraş and Kırklareli. We export to 20 countries. We sell 95 percent of the yarn we produce to the domestic market. We export 25 percent of the fabric. We sell 50% of our fabric to companies which export in Turkey. We export to Morocco, Ukraine and Italy.”

Migiboy Tekstil has invested $ 1 million in R & D project and will have twenty employees in this department. Saying that “I am very hopeful for the future both on behalf of my own company and the textile sector” Canpolat added: “We are preparing to open our fourth factory with an investment of at least 100 million dollars. This factory will produce textile raw materials which Turkey has been forced to import so far. With the start operating of our new factory, the number of employees will increase to 2 thousand. Our turnover will increase 3 times. This year, we also launched our R & D center for the infrastructure of the products we will produce in our new factory.”

Stating that textile will be in better places than today, Canpolat said that, ” I think that Turkey is a serious potential in particular for textile finishing sector. Turkey; It has the world’s third largest textile finishing industry after China and India. There is no country dominating of textile in this geography other than us. I think that our knowledge in the sector is our most valuable treasure.”

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