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Economic News in Previous Week

Iran Daily - Feb 28, 2001

Turkish Co. in Textile Joint Venture

“Turkey’s Zorlo Helding Textile Company plans to establish a textile factory in Eastern Azerbaijan Province”, Managing Director of the Tabriz Atlas Poud Textile Company, Mohsen Sedqi Nasab,told IRNA. “About $24 million has been invested in the project, 49 percent of which will be provided by the Turkish company and the rest by the Iranian side,” he said. The company will produce lace curtains, bedcovers and yarn. Sedqi Nasab added that the factory would open during the second half of next Iranian year (starting March 21).