World

More People are Going for Leasing a Car than buying a New One

Published

6 years ago

July 3, 2019

In a global survey conducted by Bigtimedaily on automobiles sales, it has been found that people are preferring leasing a car instead of buying a new one. This trend is highly popular in developing countries and people living in developed countries are also going for a car lease on a large scale. Due to this, many car leasing services have been witnessing an excellent growth.

The survey studied various regions of the world such as America, Europe, the UK, and Asia. It was seen in the survey that people who don’t have sufficient money to buy a new car are choosing the option of leasing a car from various related auto services. Car Lease Dr Brooklyn in the New York City has seen an excellent jump in the number of customers going for car leasing.

In the survey, most of the people shared that leasing gives them an opportunity to own a luxurious car at a reasonable amount. The increasing expenses in the form of children’s education, healthcare needs, and residential costs have led people to delay buying their new car. Hence, they are choosing to lease a car from a reputed automobile service. There are many situations when leasing a car seems a better option than buying a new car.

The survey also highlights that the growth of car leasing companies has taken a high jump over the last couple of years. And the figure stands between 30-35% which is really an excellent growth in this sector. With the growing need for a car in today’s time, there will be more growth in the car leasing sector in the coming time.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

1 month ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.