Coteminas, the biggest vertically integrated textile group in Brazil, Latin America plans to explore Turkey as its next ideal location for investment due to its large domestic market and export potential. Coteminas, with a cutting edge technology in each of its 22 factories, produces threads, fabrics, knits, bed linen towels, T-shirts, socks, and bathrobes. It is also responsible for approximately 20 per cent of Brazil’s cotton consumption.

Brazilian companies are increasingly finding that Turkey’s business and investment environment is suitable location in Europe due to its geography and growing economy. Also, Turkey is located close to the EU, which is already showing signs of recovery after the eurozone crisis.

Also the textile major feel Turkey would be its first choice given the growth potential and central status providing easy access to the European, Middle Eastern and African markets and make the country the ideal choice for an investment. Coteminas President recently met with the head of Turkish Textile Employers' Association (TTSIS). According to him, Turkey and Brazil could do more to improve their business and trade relations. The two countries have a combined population of 300 million people and a $3 trillion GDP. Both countries have the advantage of having large domestic markets.

Turkey is fast becoming recognized as a fashion center and top clothing supplier. The country has over 35,000 textile and clothing companies and is the fourth largest supplier of clothing in the world and ranks among the top ten exporters in the textile industry. Turkey has also been able to maintain its edge in the industry by investing early in cutting-edge technologies.

www.coteminas.com.br