Turkish Hayat, one of the world’s leading producers of hygiene paper products will invest about US$1.1 billion in the development of production in the near future.
Of these, a particular attention will be paid for the development of Russian business of the company, which overall output will grow from 140 million to 280 million tons per year.
In addition to Russia, the sphere of interests of the company involves the development in the Middle East, Africa and Asia regions, particular, Turkey.
In Russia HAYAT currently operates two 2 plants in Yelabuga with a total production capacity of 140,000 tons per year. By the end of 2021, the third plant for the production of toilet paper, paper towels and napkins under Papia, Familia and Focus brands, as well as base paper will be opened in Kaluga.
In addition, in March 2021, the company announced investments in the construction of a fourth plant in Kaluga. Thus, the production capacity of HAYAT Russia will reach 280,000 tons per year and will account for 50% of the annual consumption of paper hygiene products in Russia.
M. Avni Kigili, Vice Chairman of Hayat Holding in an interview with Russian and foreign media said that the company continue to carry out its investment activities both in Turkey and around the world, despite the pandemic:
M. Avni Kigili comments:
“ Despite all the restrictions, lockdowns and travel difficulties, we have successfully realized the first part of our US$400 million investments since the beginning of the first quarter of 2020. Our next step will be the investments of $700 million, in the development of production in different countries of the world”
According to the company, it currently continues the expansion of capacities for production of nonwovens in Egypt and paper products in Algeria.
In regard of Russia, as part of the company’s plans is becoming a leader in the local market of paper products in years to come.