Erdemoğlu Holding donated 2 million TL for the citizens affected by the flood disaster in the Black Sea region.

Sasa Polyester announced that it has signed a loan agreement with JP Morgan London Branch for the financing of its PTA investment in Adana.

SASA completed the issuance of convertible bonds with a 5-year maturity, valued at of 200 million Euros.

SASA POLYESTER SANAYİ A.Ş. COMMISSIONS A FIBER PRODUCTION FACILITY WITH INVESTMENT OF 330 MILLION DOLLARS IN 2023. WITH THIS INVESTMENT, 550 MILLION DOLLARS WILL BE CONTRIBUTED ANNUALLY TO THE COMPANY'S TURNOVER. İBRAHİM ERDEMOĞLU, CHAIRMAN OF THE BOARD OF DIRECTORS OF ERDEMOĞLU HOLDING, SAYS THAT THE TOTAL INVESTMENT AMOUNT WILL REACH APPROXIMATELY 2.4 BILLION DOLLARS WITH THE BUSINESS TO BE COMMISSIONED AT THE END OF 2023, AND CONTINUED: "IN POLYESTER PRODUCTION, WE REACHED 1.4 MILLION TONS OF PRODUCTION CAPACITY BY THE END OF LAST YEAR. TURKEY BECAME THE COUNTRY WITH THE HIGHEST CAPACITY OTHER THAN CHINA AND INDIA."

Announcing that they have started the works to establish a new fiber facility with an annual capacity of 367,500 tons, SASA Polyester Board Member Mehmet Şeker said that the new investment will be commissioned at the same time with the 935 million dollar PTA facility they have agreed with American Invista.

Sasa Polyester Sanayi AŞ'nin 2023 yılında 330 milyon dolarlık yatırımla devreye alacağı elyaf üretim tesisi, şirketin cirosuna yıllık 550 milyon dolar katkı sağlayacak.

Turkish polyester producer Sasa announced a new investment Monday with an estimated value of $330 million (TL 2.61 billion).

SASA starts construction of PTA plant with a cost of 935 million dollars, which is expected to reduce Turkey's foreign trade deficit by 400 million dollars in a year. An official agreement was reached in the ongoing negotiations with the Spaniards for the process to be completed in two years.

Operating in Adana, SASA Polyester Sanayi A.Ş., in addition to contributing to employment with project-based state incentives, that it will receive for investment for pure terephthalic acid (PTA) and polymer/chips production plant with 11.3 billion TL fixed investment, it aims to prevent imports by meeting the PTA demand of the domestic market.

A project-based government support will be granted to Sasa Polyester AŞ's PTA and polymer / chips production plant expansion investment.

Sasa announced that it signed a goodwill agreement with Spanish Tecnicas Reunidas for the turnkey installation of the Sasa Polyester PTA production plant. Sasa Polyester signed a goodwill agreement regarding the investment, which was announced earlier.

Merinos Halı, operating under Erdemoğlu Holding, plans to invest $ 100 million in 2021. Merinos Halı Board Member Mehmet Erdemoğlu said that these will be recycling facilities, yarn production facilities, new weaving machines, new finishing garments, as well as additional facilities and warehouse investments.