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.

Sasa, which will realize one of the most important

İbrahim Erdemoğlu, who took Sasa, which was acquired from Sabancı holding, to the league of giants with investments, increased the production capacity of the company four times in five years.

SASA Polyester Sanayi A.Ş. operating in Adana, aims to ensure Turkey's money spent to import this product remain in the country’s treasure, with its plant to be established within licensing and technical services agreement signed with global giant American Invista (Koch Industries) valued at 935 million-dollar for Purified Terephthalic Acid (PTA) investment.

First signatures were appended for the establishment of the world's largest capacity and highest efficiency Purified Terephthalic Acid (PTA) plant in Adana.