Manufacturers Facing Capital Shortages to Reduce Production

The President of the Plastic Industry Federation (PLASFED), Ömer Karadeniz, stated that Turkish manufacturers are finding it difficult to obtain sufficient support to access financing. He said, “Unfortunately, Turkish manufacturers facing capital shortages have been forced to reduce production. Our industry, particularly the plastics sector, which is dependent on foreign raw materials and wants to maintain production and employment, is seeking support in accessing financing.”

In statements to the Ticaret newspaper regarding the matter, Karadeniz mentioned that many manufacturers are experiencing challenges in accessing financing and have reported that they can no longer produce.

Translated by Artificial Intelligence