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Rising Energy Costs Rattle Manufacturers in Turkey, Pakistan

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Factories around the Turkish production hubs of Istanbul, Denizli, Izmir and Bursa are reeling after the nation’s Energy Market Regulatory Authority hiked electricity prices by 50 percent for households and 125 percent for business. On top of that, state-owned Petroleum Pipeline Corporation (BOTAS) said natural gas prices would jump 25 percent for homes and 50…

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