Turkiye: Turkiye Earthquake Worries Chemical Industry | Ahmedabad News – Times of India
Ahmedabad: The earthquake that hit parts of Turkiye and Syria has the chemicals industry in Gujarat worried. The former is one of the biggest buyers of textile dyes produced here.
The Turkish cities of Marash, Ankara, Izmir and Denizli are major centres of the textile industry.
Many cities in Turkiye have suffered massive damage and factories have also been destroyed by the earthquake. The chemicals industry in Gujarat feels Turkiye’s textile industry will not recover soon, and this will affect its own revival for a while.
Manish Kiri, MD of Kiri Industries Ltd, which exports to Turkiye said, “Marash is a hub of textile processing, and it has been badly affected by the earthquake. We are in touch with our buyers there and they are saying that several factories have collapsed. India exports about 4,000 tonnes of dyes to Turkiye every month and Gujarat accounts for about 80% of this. Turkiye is one of the biggest markets for textile dyes. Eastern Turkiye is an important textile processing region. Business discussions are not possible currently as the country is facing a severe crisis. We believe the Turkish textile industry will take a while to revive and this will affect the revival of the Gujarat chemicals industry.”
Turkiye is the world’s sixth biggest textile producer and the third largest textile supplier to the European Union. Some say the impact of the earthquake on textile production will not be too great and the industry will bounce back soon.
Bhupendra Patel, chairman (Gujarat) CHEMEXCIL said, “Marash, Ankara, Izmir, Denizli and Istanbul are textile hubs and major buyers of our dyes. By our estimates, demand for dyes from Turkiye will be 20% lower. Textile processors have suffered losses due to the earthquake, but as we understand not all factories have had massive losses and they will soon restart production. We will get a clearer idea in a few days.”
The Gujarat chemicals industry is witnessing a revival in demand after one of its worst periods ever due to low demand from the textiles industry. Most dye units here are operating at about 60% of capacity and the industry is watching the Turkiye situation closely because it is a major buyer.
The Turkish cities of Marash, Ankara, Izmir and Denizli are major centres of the textile industry.
Many cities in Turkiye have suffered massive damage and factories have also been destroyed by the earthquake. The chemicals industry in Gujarat feels Turkiye’s textile industry will not recover soon, and this will affect its own revival for a while.
Manish Kiri, MD of Kiri Industries Ltd, which exports to Turkiye said, “Marash is a hub of textile processing, and it has been badly affected by the earthquake. We are in touch with our buyers there and they are saying that several factories have collapsed. India exports about 4,000 tonnes of dyes to Turkiye every month and Gujarat accounts for about 80% of this. Turkiye is one of the biggest markets for textile dyes. Eastern Turkiye is an important textile processing region. Business discussions are not possible currently as the country is facing a severe crisis. We believe the Turkish textile industry will take a while to revive and this will affect the revival of the Gujarat chemicals industry.”
Turkiye is the world’s sixth biggest textile producer and the third largest textile supplier to the European Union. Some say the impact of the earthquake on textile production will not be too great and the industry will bounce back soon.
Bhupendra Patel, chairman (Gujarat) CHEMEXCIL said, “Marash, Ankara, Izmir, Denizli and Istanbul are textile hubs and major buyers of our dyes. By our estimates, demand for dyes from Turkiye will be 20% lower. Textile processors have suffered losses due to the earthquake, but as we understand not all factories have had massive losses and they will soon restart production. We will get a clearer idea in a few days.”
The Gujarat chemicals industry is witnessing a revival in demand after one of its worst periods ever due to low demand from the textiles industry. Most dye units here are operating at about 60% of capacity and the industry is watching the Turkiye situation closely because it is a major buyer.
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