Orta News & Analysis

Orta Anadolu Mensucat Closes Kayseri Facility After 73 Years

Orta Anadolu Mensucat's Kayseri facility will cease production by October 12, following a suspension of activities announced on September 11. The company, which has supplied denim since 1986, cited weakening global demand and rising costs as key factors in its decision. Although it has implemented cost reductions and operational efficiencies, these measures were deemed insufficient. It has not disclosed the number of affected employees, but has over 1,500 according to its LinkedIn profile. This closure may impact investor sentiment as it reflects challenges in the textile industry.