06.06.2025 22:20
One of Turkey's leading textile manufacturers, Baltalı Group, has been unable to overcome its financial difficulties. The company has decided to close its factories located in Hocalar, Afyonkarahisar, and Çal, Denizli, and it has been reported that 650 people will be left unemployed.
The crisis in the textile sector has hit another company. The financial crisis experienced by Deniz Tekstil, which is under the umbrella of Baltalı Group, one of Turkey's largest textile companies, has grown.
TWO TEXTILE FACTORIES ARE CLOSING
The company has decided to close its factories in Hocalar, Afyonkarahisar, and Çal, Denizli. It was stated that a total of 650 workers in the two factories would become unemployed due to the closure decision.
"WE WILL REOPEN IF ORDERS INCREASE"
In a statement regarding the matter, the Chairman of the Board, Derya Baltalı, announced that the factories were closed due to decreasing orders and economic conditions. Baltalı stated, "If orders increase, we will reopen the facilities we have closed. The decision to close the factory we opened in Çal in 2018 has no political or local government connections."