- Colin’s shuts Türkiye plant; 1,500 workers lose jobs after Egypt move.
- Eroglu’s $40M Egypt factory creates 2,750 jobs, boosts production capacity.
- Turkish firms invest $3.5B+ in Egypt across textiles and manufacturing.
Colin’s, a major denim brand in Türkiye owned by Eroglu Holding, has allegedly ceased production at its facility in the Aksaray Organized Industrial Zone, resulting in approximately 1,500 workers losing their jobs. The choice was made soon after Eroglu Holding opened a $40 million garment factory spanning 64,000 square meters in Egypt's Suez Canal Economic Zone (SCZone), creating jobs for 2,750 people.
Production at the Aksaray facility is said to have halted over the weekend, with the plant’s entrance shut and machinery remaining stationary. The company stated it might resume production in Turkiye if any operational problems occur in Egypt, according to the Turkish news source.
Eroglu Holding has operated in Egypt since 2007, having previously invested in projects in Ismailia and Damietta. The total investment of the group in the nation has increased from $150 million to $450 million, and its workforce has risen from 2,500 to 10,000 employees.
Colin’s runs over 600 outlets in more than 20 countries, covering regions in Europe, the Middle East, and Central Asia. In recent years, the manufacturing network has expanded beyond Turkiye, with production taking place in Egypt, Bangladesh, and China to improve export growth and cost optimization.
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Turkey has recognized Egypt as an essential manufacturing center for its businesses seeking to enhance export potential and reduce production costs. The country offers attractive incentives, including lowered energy and labor expenses, tax incentives in designated industrial zones, and unrestricted market access through trade agreements with the European Union and African countries.
The Turkiye-Egypt Business Council reports that over 1,700 Turkish companies are presently operating in Egypt, covering sectors including textiles industry, construction supplies, automotive parts, and chemicals. To date, Turkish investments in the country have exceeded $3.5 billion, with close to 200 factories engaged in textiles, apparel, and chemical production, along with $500 million in new investments achieved in 2025.