It will Roll Out the Red Carpet for Investors
Turkey is the global leader in the machine-made carpet sector, with a 65 percent market share. In terms of production capacity, Turkey even ranks ahead of China. Gaziantep is the province where machine-made carpets are primarily produced. At the company level, Merinos Halı, a subsidiary of Erdemoğlu Holding, holds the top position in both the Turkish and global machine-made carpet markets, with a market share of approximately 7 percent. The company, which exports to more than 100 countries, is a supplier to the world’s largest retail chains, such as Walmart and IKEA. Ninety percent of the carpets produced at the integrated facility in Gaziantep are exported, while 10 percent are sold in the domestic market. Ninety-two percent of revenue comes from exports.