Turkish tissue paper maker eyes $152M investments

Photo: Lila Group

Turkish tissue paper specialist Lila Group has unveiled it is investing some TRY 450 million (US$76 million) to launch a new tis-sue paper plant this year.

 

A production facility fitted with a capacity of about 50,000 square metres of tissue paper per year is to be opened in the first quarter of 2020, ac-cording to the information obtained by local daily Sabah. A further TRY 450 million is to be allocated to raise the company’s production capacities by 2023.

 

Lila Group’s facilities are currently operated by a workforce of some 600 employees. Owing to the planned investments, a further 180 jobs are to be created, according to company representatives.