Eren Holding Invested 200 Million Dollars in Bitlis
Eren Holding started its commercial life in 1969 in the textile sector. It continues its activities with Eren Perakende, with more than 500 stores and over a thousand sales points in 25 countries. Eren Holding, which increases its new investment plans day by day, invested 200 million dollars in a plant in Bitlis.
Eren Holding commissioned the yarn production facilities, the largest industrial investment in Eastern Anatolia. This investment consists of three stages. The foundations of the yarn facilities were laid in 2021 and they have a total open area of 215 thousand m2 and a closed area of approximately 100 thousand m2. The yarn facilities will have a daily production capacity of 100 tons. It will employ 1,100 people in its Bitlis campus with an annual production of 36 thousand tons of yarn. The first two stage yarn facilities, which have started production activities, will produce 24 thousand tons of yarn annually, and after the completion of the third stage, approximately 36 thousand tons of yarn will be produced annually. The third stage will operate in December 2024.
According to foreign trade data for 2022, the facilities are expected to contribute approximately 6% to the import and export volume of 450 thousand tons of cotton yarn and blended yarn items. Thus, Turkey’s global competitiveness in the textile sector will increase. Approximately 50% of the yarn to be produced is planned to be allocated to export capacity.
The facility was inaugurated with a ceremony attended by Recep Tayyip Erdoğan, President of the Republic. The opening of the facility was attended by the relevant and all Ministries, the Speaker of the Grand National Assembly of Turkey, Provincial Governor and Mayor, Provincial Deputies, Provincial State Officials, Other Party Presidents and Party Members, as well as Ahmet Eren, Eren Holding Chairman. Mehmet Fatih Kacır, Minister of Industry and Technology also delivered a speech at the ceremony. After the opening ceremony, Recep Tayyip Erdoğan, President of the Republic and the accompanying delegation toured and inspected the facilities.
Ahmet Eren, Chairman of the Board of Eren Holding
Speaking at the opening ceremony, Ahmet Eren stated that they aim to create added value for the Turkish economy and textile industry with the production facility. Emphasizing that they also aim to produce sustainable solutions to the employment problem of Bitlis and the region, Eren said: “We have been supporting educational and cultural activities in Bitlis as much as possible. We want to support Bitlis in the economic field with the establishment of this yarn factory we are next to. This is the largest industrial production facility established by the private sector in Eastern Anatolia, excluding Malatya, since the foundation of the republic. When all the units are completed, they will be worth 200 million dollars and will provide employment for 1,100 people. More importantly, it will be a good example for future investments by encouraging other investments.”
Eren continued: “However, new measures need to be put in place in addition to the existing measures to encourage investors who will come to this region to make profits outside of social responsibility. We have completed our scientific study that includes our recommendations on this issue. We will present it to the relevant units of our state. We wish that both the Eren Tekstil factory and the public investments to be inaugurated will be beneficial for Turkey and Bitlis, and we thank all the teams who worked hard.”
Stating that he was honored and proud to see once again the trust and support of Recep Tayyip Erdoğan, President of the Republic, for the region and the textile industry by attending the opening ceremony, Eren said: “We would like to thank our President and our government for their valuable contributions.”
The facilities operate with the use of renewable energy resources and sustainable production approach. In addition, the company contributes to the employment of female employees and attaches importance to the fact that the large parf of its staff consists of female employees in order to support it.
