STRUCTURE OF WORLD COTTON TRADE

Discover natural f i b r e s 2 0 0 9 INTERNATIONAL COTTON ADVISORY COMMITTEE STRUCTURE OF WORLD COTTON TRADE December 2009 CONTENT THE STRUCTURE OF THE WORLD COTTON TRADE...2 COTTON TRADING ORGANIZATIONS...4 COTTON BANKING ORGANIZATIONS...12 OCEAN FREIGHT ORGANIZATIONS...13 COTTON INSURANCE ORGANIZATIONS...14

2 Structure of World Cotton Trade The Structure Of World Cotton Trade The structure of world cotton trade is changing and 2009 was marked by financial stress experienced by a number of cotton merchants as a result of extreme volatility in the cotton futures market in March 2008, the credit crisis causing banks to tighten lending to traders and the economic recession that curbed demand for cotton. As a result, many merchants incurred substantial losses, and several major cotton firms were forced into bankruptcy, merger or to go out of business. These events led to an increase in market concentration, but it has also opened doors for newcomers, mostly multi-commodity traders, to enter into the cotton business. Other consequences of the rise in speculative activities at the Intercontinental Exchange (ICE) in New York during the past two years and of tighter credit include damaged hedging capacities and price discovery functions at the futures exchange. It was announced this year that Allenberg Cotton Company, the world s largest cotton merchant, is acquiring Dunavant Enterprises, also one of the largest merchants. Allenberg is owned by Louis Dreyfus Commodities, a major international merchant in many commodities. Allenberg cotton was founded in 1921 and was acquired by Louis Dreyfus in 1983. Allenberg has offices across the cotton belt in the U.S and offices in 9 other countries. China, Asia and the Western Hemisphere are major areas where Allenberg s operations have been expanding. Dunavant was founded in 1929 and is one of the largest privately owned cotton-merchandising companies in the world. Dunavant is involved in ginning and warehousing. Dunavant has large operations in Central Asia, South America, Africa and Australia. The firm has offices in the major cotton producing areas of the U.S. and in 13 other countries. At the start of 2009, Albrecht, Mueller-Pearse & Co, based in Germany, filed for insolvency. Albrecht, Muller-Pearse and Co. was one of the largest European merchants. The firm was founded in 1902 and had two affiliates and an office in Hong Kong. The company traded Central Asian, West African, South American, African, U.S. and other growths worldwide. Earlier in 2008/09, Paul Reinhart based in Dallas, Texas filed for bankruptcy protection. Paul Reinhart America is a subsidiary of Paul Reinhart AG of Switzerland, which continues operations and remains among the largest traders in Europe and in the world. However, after closing U.S. operations, Paul Reinhart in Switzerland handles approximately half of volumes traded prior to 2008. Paul Reinhart was founded in 1788 and started U.S. operations in 1992, becoming the world s largest cotton merchant not headquartered in the USA during the past decade. Weil Brothers Cotton, another company among the group of the world largest merchants, announced in November 2008 that it is exiting the cotton business in 2010, as a result of the March 2008 market events and because risks associated with cotton trade have become greater. Weil Brothers Cotton was founded in 1878, is based in Montgomery, Alabama and is affiliated with Weil Brothers & Stern in Liverpool. Based on estimated volumes traded by the largest and large companies during 2009, it is evident that volumes traded by these groups of companies were declining during the past two years as a result of the crises in the cotton industry, and declining production and consumption. The 2009 study indicates that the cotton shipping industry still remains highly competitive, but that it has become more concentrated over the past several years, as the number of major companies engaged in cotton trade declined. The Secretariat has studied the structure of world trade in cotton since 1994 and compiles a list of cotton-trading companies active as of the end of each year. Most of the firms are members of the 18 associations comprising the Committee for International Cooperation between Cotton Associations (CICCA). The latest list was compiled from nine annual surveys mailed to all members of CICCA, from industry publications and personal knowledge. The total number of responding companies from the nine surveys is 107. The list of cotton trading companies consists of 452 firms engaged, at least in part, in international trade in cotton. Companies are divided into four categories by relative size. Organizations are also grouped by type of ownership: government, cooperative or private. The latest list of cotton trading organizations consists of 24 government organizations, 9 cooperatives and 419 private firms. Largest The most recent estimates of the volume traded by the largest companies in 2009 indicate that there are currently 13 companies with annual volume of more than 200,000 tons. The group of largest companies includes 4 government organizations. The largest group trades in 2009 6.2 million tons, or 26% of world production. 9 privately owned largest cotton trading organizations handled 5.2 million tons in 2009, or 22% of world production. In 2008, there were 15 companies in the largest category, handling 7 million tons, or 27% of world production, including 11 private companies handling 5.9 million tons, or 25% of world production. In 2009, five of the world s largest cotton trading companies were based in the USA, three in Uzbekistan, and one each in Japan, China, Singapore, Switzerland and the UK. Uzprommashimpeks, one Structure of World Cotton Trade is published by the Secretariat of the International Cotton Advisory Committee, 1629 K Street, NW, Suite 702, Washington DC. Editor: Andrei Guitchounts <andrei@icac.org>. Desktop publishing: Caroline Taco. Subscription rate: $110.00. POSTMASTER: Send address changes to Subscription Department, 1629 K Street, NW, Suite 702, Washington DC 20006, USA. Copyright ICAC 2009. No reproduction is permitted in whole or part without the express consent of the Secretariat.

December 2009 3 of the three government agencies from Uzbekistan was added to the list of firms reported by the ICA (International Cotton Association) to have failed to fulfill awards resulting from arbitrations conducted by CICCA member associations in December 2008. The first study conducted in 1994 indicated that the 19 largest cotton organizations handled 6.8 million tons, or 36% of world production. 14 of the largest organizations were private or cooperative cotton companies, accounting for an estimated 5.5 million tons, or 29% of world cotton production. The conclusions of the study were that the world cotton industry was not highly concentrated by the standards of industrial markets and that the international cotton shipping industry was highly competitive. Since 1994, some departures and additions to the group of the largest cotton trading organizations have taken place, and it is obvious that some concentration has occurred. As a sign of market concentration, a smaller number of the largest firms handle approximately the same volume in total as in 1994. However, reduced imports by China, declining mill use and production during the past two years led to reduced volumes handled by the largest companies, compared with records set in 2006/07. Large A significant reduction in the number of merchants during 2009 took place in the group of large companies (annual volume: 50,000 tons to 200,000 tons). It is estimated that the number of large companies declined from 44 merchants active in 2008 to 37 merchants trading cotton in 2009. The volume handled by the current group of large companies declined sharply from 4.4 million tons in 2008 to an estimated at 3.2 million tons in 2009, accounting for 13% of world production (17% in 2008). Compared with 2007, the volume traded by large companies in 2009 declined by 1.5 million tons. The composition of organizations defined as large companies has changed the most since 1994. The number of large government organizations declined from 15 to 3 as a result of privatization, mostly in Africa. The 1994 study indicated that there were 51 large cotton-trading companies handling 4.1 million tons, including 35 non-government owned large organizations accounting for 2.5 million tons, or 13% of world production. As of 2009, 34 private large companies are accounting for 3 million tons, or 12% of world production. The 43 largest and large non-government cotton trading companies account for 43% of world production in 2009, compared with 42% handled by 49 firms in the same categories in 1994. Thirteen of the 37 large cotton traders are based in the USA. Four large firms are based in India; four in Switzerland and two in the UK. Among the most noticeable changes in the group is the recent entrance of a large commodity trader, Noble Resources Group, into cotton. Noble Cotton is headquartered in Singapore with regional offices in India, USA, Brazil, China, Uzbekistan, Australia, Turkey and Cote d Ivoire. Noble Cotton is expanding operations in China, India, Brazil, Uzbekistan, USA and West Africa. Another entry into the group is the recent formation of the Dubai Cotton Centre (DCC) in Dubai, UAE for the purpose of establishing a trading infrastructure for facilitating exports of Uzbek cotton. The DCC is owned by the government organization, Dubai Multi Commodities Centre (DMCC), and is working to provide services to the cotton supply chain, including storage, handling, shipping and merchandizing. Multigrain S.A. based in Sao Paulo, Brazil, a multicommodity trader, entered into cotton trade about three years ago and has grown in cotton volumes traded to the size of a large trader. The firm has an affiliate in the USA. The company was founded in 1999 and now has the largest volumes of operations in grains and soybeans. With increased production, mill use and exports in India a number of Indian merchants became more active internationally, entering other markets, such as China, opening offices in other countries and trading a variety of growths directly to mills. Medium There are currently 51 firms in the medium category (annual volume: 20,000 tons to 50,000 tons), five more than in 2008, with an estimated volume of 1.3 million tons. The volume traded by medium sized companies has not changed significantly during the past year. The number of medium sized companies increased as several of the larger companies had to reduce traded volumes as a result of the mentioned crises and smaller supply and demand. In 1994, there were 50 medium companies with approximately the same combined volume. Among the 51 medium sized companies, 8 are based in the USA, 4 in Turkey and 3 in Switzerland. Specialized The most recent survey includes 351 firms in the category of specialized companies accounting for 1.7 million tons of combined volume in 2009, little changed over the past 9 years. A very large number of specialized cotton trading companies are based in the USA, Turkey, Poland, India, Switzerland, Germany, Egypt, Brazil and Italy. Several European companies went out of business during this decade. The full list of cotton trading companies, banking, ocean freight and insurance organizations with contact information follows. To receive the tables in Excel file, please send your request to: publications@icac.org

4 COTTON TRADING ORGANIZATIONS (FIRMS ARRANGED BY SIZE, ESTIMATES MADE BY THE SECRETARIAT * ) Company Name Country Type Largest Organizations (annual volume: more than 200,000 tons) Allenberg Cotton Co, Cordova 1/ USA Private Cargill Cotton, Cordova 2/ USA Private Dunavant Enterprises Inc, Memphis 3/ USA Private Staple Cotton Cooperative Association, Greenwood USA Cooperative Olam International Ltd, Singapore 4/ SINGAPORE Private Chinatex, Beijing, China CHINA (MAINLAND) Government Paul Reinhart AG, Winterthur 5/ SWITZERLAND Private Ecom USA Inc, Dallas 6/ USA Private Joint-Stock Company Uzinterimpex, Tashkent UZBEKISTAN Government Plexus Cotton Ltd, Liverpool 7/ UK Private State Joint Stock Foreign Trade Company "Uzmarkazimpex," Tashkent UZBEKISTAN Government Uzprommashimpeks, Tashkent UZBEKISTAN Government Toyo Cotton (Japan) Co, Osaka 8/ JAPAN Private Large Organizations (annual volume: 50,000 tons to 200,000 tons) Calcot Ltd, Bakersfield USA Cooperative Compagnie Cotonnière Copaco, Paris 9/ FRANCE Private Dunavant S.A., Geneva 3/ SWITZERLAND Private The Cotton Corporation of India Ltd, Mumbai INDIA Government Anderson Clayton Corp, Fresno 4/ USA Private Cargill Cotton (a Division of Cargill Plc) 2/ UK Private Noble Resources Group, Singapore SINGAPORE Private C.A. Galiakotwala & Co Ltd, Mumbai INDIA Private Ecom Agroindustrial Corp Ltd, Pully 6/ SWITZERLAND Private Devcot SA, Lille FRANCE Private Gill & Co Ltd, Mumbai INDIA Private Kotak & Co Pvt Ltd, Mumbai INDIA Private Multigrain SA, Sao Paulo BRAZIL Private Plains Cotton Cooperative Association, Lubbock USA Cooperative Agro Industrias Unidas De Mexico SA De Cv Amsa, Mexico City 6/ MEXICO Private Cotton Marketing Organisation, Aleppo SYRIA Government Toyoshima & Co Ltd, Nagoya 10/ JAPAN Private Jess Smith & Sons Cotton, Llc, Bakersfield USA Private Otto Stadtlander Gmbh, Bremen GERMANY Private EISA Empresa Ineragricola S.A, São Paulo 6/ BRAZIL Private Toyo Cotton Co, Dallas 8/ USA Private Toyoshima USA, Inc, Cordova 10/ USA Private Cottip SA, Geneva SWITZERLAND Private International Cotton and Textile Trading Co Ltd, Lugano SWITZERLAND Private Texas Cotton Marketing Corp., Austin USA Private SA Goenka, Barcelona SPAIN Private Allbright Cotton, Fresno USA Private Mambo Commodities, Paris FRANCE Private Volcot America Inc, Phoenix USA Private ACG Cotton Marketing, Lubbock USA Private Arco Cotton Agents (I.C.T. International Cotton Trading), Milan ITALY Private Baumann Hinde & Co Ltd, Southport UK Private Dubai Cotton Centre, Dubai UAE Government Dunavant Enterprises Pty Ltd, Moree NSW 3/ AUSTRALIA Private Gap Pazarlama A.S., Istanbul TURKEY Private Montgomery Co, Inc, Lubbock USA Private Yamachu Mengyo Co Ltd Osaka, Osaka JAPAN Private

5 Medium-Sized Organizations (annual volume: 20,000 to 50,000 tons) J.G. Boswell Company, Pasadena 11/ USA Private Violar SA, Larisa GREECE Private Eastern Trading Co, Inc, Greenville USA Private Ecom Commodities Pty Ltd, NSW 6/ AUSTRALIA Private Etem Ozsoy Tarim Ticaret Ve Sanayi As, Izmir TURKEY Private Glencore International Ag, Baar SWITZERLAND Private Khimji Visram & Sons INDIA Private Loeb & Company, Inc, Montgomery USA Private Namoi Cotton Cooperative Ltd, Wee Waa, NSW AUSTRALIA Cooperative Societe d'importation et de Commission, Le Havre FRANCE Private The Cotton Company of Zimbabwe Ltd, Harare ZIMBABWE Private Battistel Amiotti Srl, Milan ITALY Private Central Cotton Company Limited, Liverpool 7/ UK Private Cukurova Cotton Cooperatives Association Cukobirlik, Adana TURKEY Cooperative Jaume Artigas, Barcelona SPAIN Private Pamteks A.S., Adana TURKEY Private Sekhsaria Exports, Mumbai INDIA Private Taris Pamuk Tarim Satis Koop.Birligi, Izmir TURKEY Private ACM, Inc, Collierville USA Private Cargill Tanzania Limited, Dar es Salaam 2/ TANZANIA Private FCA Comexim Ltd, Moscow RUSSIA Private Indutech Spa, Milano ITALY Private Knowles-Taylor Cotton Co Inc, Matador USA Private Rhein-Schelde Handelgesellschaft Fp Mostert Kg, Neuss GERMANY Private Santista Textil SA, Sao Paulo BRAZIL Private Société Cotonniere du Tchad Cotontchad, Paris CHAD Government TCT United SA URUGUAY Private The Sudan Cotton Company Ltd, Khartoum SUDAN Government Lyons Cotton, Inc, Memphis USA Private Auscott Ltd, Sydney NSW 11/ AUSTRALIA Private Bangladesh Textile Mills Corporation, Dhaka BANGLADESH Government Cargill Zimbabwe Pvt Ltd, Harare 2/ ZIMBABWE Private Compagnie Cotonniere du Benin, Cotonou 9/ BENIN Government Compagnie Ivoirienne pour le Developpement des Textiles CIDT COTE D'IVOIRE Government Cotton Distributors Inc, Lausanne SWITZERLAND Private Daewoo Corporation, Seoul R. of KOREA Private First American Cotton Co, Lubbock USA Private Francis & Company, Inc, Memphis USA Private Industrie Cotonniere Beninoise, Cotonou BENIN Government Label Coton, Cotonou BENIN Private M. Schiefer Trading Co, Lubbock USA Private Modern Nile Cotton Co, Alexandria EGYPT Private Newcot Ltd, Chene-Bougeries SWITZERLAND Private Quetta Corporation Ltd, Moscow RUSSIA Private Ritis International, Cotonou BENIN Private Société Beninoise de Representation Sobere, Cotonou BENIN Government Société Nationale pour la Promotion Agricole Sonapra, Cotonou BENIN Private Sumitomo Corporation, Osaka JAPAN Private Taevertex, Ghent BELGIUM Private The Cotton Production & Marketing Board Ltd, Herzlia ISRAEL Cooperative Volcot Switzerland Ltd, Winterthur SWITZERLAND Private * A full list, including specialized firms and contact information, is available from the Secretariat of the ICAC 1/ Allenberg Cotton is affiliated with Louis Dreyfus. 2/ Cargill Cotton, Cordoba is affiliated with Cargill Cotton, Liverpool, Cargill Tanzania and Cargill Zimbabwe. 3/ Dunavant Enterprises, Memphis is affiliated with Dunavant Enterprises, Australia and Dunavant S.A. Geneva. 4/ Anderson Clayton Corp., Fresno and Queensland, Australia are affiliated with Olam, Singapore. 5/ Paul Reinhart AG, Winterthur is affiliated with Cottagon Italia Srl. 6/ Ecom USA Inc, Dallas is affiliated with Ecom Agroindustrial Corp Ltd., Switzerland, Ecom Commodities Pty Ltd., Australia, EISA, Brazil and Agroindustrias Unidas de Mexico. 7/ Plexus Cotton Ltd, is affiliated with Central Cotton Company Limited, Liverpool. 8/ Toyo Cotton (Japan) Co, Osaka is affiliated with Toyo Cotton Co., Dallas. 9/ Compagnie Cotonnière Copaco, Paris is affiliated with Compagnie Cotonniere du Benin, Cotonou. 10/ Toyoshima & Co Ltd, Nagoya is affiliated with Toyoshima USA, Inc, Cordova. 11/ J.G. Boswell Company, Pasadena is affiliated with Auscot, Australia.

Company Name Country Type Telephone Fax Email web site Carlos Cucala, Barcelona SPAIN Private 34-93-4816830 34-93-3016548 cucala@cucala.es Carlos Suris/Barna-Cott Scp, Barcelona SPAIN Private 34-93-4121300 34-93-4120630 barnacot@teleline.es Comercial Algodonera Juan Mata Sa, Barcelona SPAIN Private 34-93-2680929 32-93-2682115 cotjmata@arrakis.es Comercial Algodonera SA, Barcelona SPAIN Private 34-93-4124563 34-93-4121330 Comercial Esteve SA, Barcelona SPAIN Private 34-93-2652203 34-93-2654012 Exportextil Countertrade SA, Barcelona SPAIN Private 34-93-4118480 34-93-4118481 joan@masramon.com Jorge Durban (Durtrade), Barcelona SPAIN Private 34-93-323-41-12 34-93-4538183 j.durban@cgac.es Juan Par Y Cia, Barcelona SPAIN Private 34-93-3018550 34-93-3185872 Luis Jover SA, Barcelona SPAIN Private 34-93-3170574 34-93-3021975 jover@luisjover.com Ratco SA, Barcelona SPAIN Private 34-93-4191416 34-93-4052804 Serracot Sl, Barcelona SPAIN Private 34-93-2122128 34-93-2111554 comercial@serracot.com Alaktan Trading Co, Khartoum SUDAN Government 249-11-777084 249-11-770303 Port Sudan Cotton Company, Khartoum SUDAN Government 249-11-770736 249-11-770703 sccl@sudanmail.net Afcodi Ag, Winterthur SWITZERLAND Private 41-52-2648181 41-52-2136802 Cobatra Ag, Winterthur SWITZERLAND Private 41-52-2648181 41-52-2120055 Cogetex SA, Carouge Geneva SWITZERLAND Private 41-22 8279797 41-22 8279898 cogetex@cogetex.com Cotimtex SA, Geneva SWITZERLAND Private 44-1928-727798 44-1928-727796 Eurobras SA Regd Panama, Geneva SWITZERLAND Private 41-22-3478206 41-22-3478269 Eurocot SA, Lausanne SWITZERLAND Private 41-21-6529761 Faircot Co, Geneva SWITZERLAND Private 41-22-9298100 41-22-9298150 Fatcotco Ltd Geneva, Geneva SWITZERLAND Private 41-22-7317560 41-22-7388702 fatcotco@bluewin.ch Fri Trade & Consulting Gmbh, Fribourg SWITZERLAND Private 41-26-3418300 41-26-3418301 ftc@fri-trade.8m.com Gibeco SA, Geneva SWITZERLAND Private 41-22-3478206 41-22-3478269 Ikea Trading SA, Aubonne SWITZERLAND Private 41-21-8211164 41-21-8211186 jnls@memo.ikea.com Jecot SA, Geneva SWITZERLAND Private 41-22-7380644 41-22-7410629 Lakecot SA, Lausanne SWITZERLAND Private 41-21-6135070 41-21-6135079 lakecotsa@hotmail.com Mercot Co Ltd, Geneva SWITZERLAND Private 41-22-9298100 41-22-8298150 Miura SA, Lugano SWITZERLAND Private 41-21-6540610 41-21-6540619 miura@swissonline.ch Pensila SA, Geneva SWITZERLAND Private 41-22-3478206 41-22-3478269 Sapt Ag, Adliswil SWITZERLAND Private 4117105700 4117105072 Secretariat Oliver Stahel, Zurich SWITZERLAND Private 41-1-3871717 41-1-3871700 secretariat@oliver-stahel.com Sibracot International SA, Geneva SWITZERLAND Private 41-22-3478206 41-22-3478269 Société Cotonniere De Distribution Cdi, Lausanne SWITZERLAND Private 41-21-612-6565 41-21-612-6566 mcimail.com Sudacot SA, Nyon SWITZERLAND Private 41-22-3617261 41-22-3621120 Unicot SA, Zurich SWITZERLAND Private 41-1-2622100 41-1-2622110 cotton@heinzco.ch Uzdun A.G, Geneva SWITZERLAND Private 41-22-9298020 41-22-9298150 telex@uzdun.ch ZCC Cotton Company Zug Ag, Zug SWITZERLAND Private 41-41-7110765 41-41-7116484 Far Eastern Textile Ltd, Taipei TAIWAN Private 886-2-7378707 886-2-7358260 Southern Textile Co Ltd, Taichung TAIWAN Private 886-4-26811111 886-4-26815956 stc59914@ms23.hinet.net Tai Yuen Textile Co Ltd, Taipei TAIWAN Private 886-2-27552222 886-2-27061277 market@tpmail.taiyuen.com Tainan Spinning Co Ltd, Tainan TAIWAN Private 886-6-2376161 886-6-2091499 general@tainanspin.upeg.com general@mail.tainanspin.com.tw Ansol Capital Limited Registered Gibraltar, Dushanbe TAJIKISTAN/UK Private 44-207-6298988 44-207-6298979 Bangkok Domtex Co Ltd, Bangkok THAILAND Private 66-2-5860901 66-2-5872338 bwm@thai.com K. Cotton & Gauze Co Ltd, Bangkok THAILAND Private 66-2-2250060 Luckytex Thailand Ltd, Bangkok THAILAND Private 66-2-513161 Metro Spinning Ayuthaya Co Ltd, Bangkok THAILAND Private 66-2-6226031 66-2-2248984 metrobkk@visto.com Thai Lincot Co Ltd, Bangkok THAILAND Private 66-2-6226031 66-2-2248984 metrobkk@visto.com ABK Müsavirlik Müth.Makina San.Ve Dis Tic.Ltd.Sti., Izmir TURKEY Private 90-232-4834348 90-232-4835482 Akis Pamuk Ürünleri Ihr.Ith.Ve Dah.Tic. A.S., Izmir TURKEY Private 90-232-4837295 90-232-4892883 Aklo Tarim Ürün.Degerlendirme Ihr.Ith.Tic.A.S., Izmir TURKEY Private 90-232-4836790 90-232-4257964 Ari Tarim Urunleri Pazarlama Ticaret Ve Sanayi As, Adana TURKEY Private 90-322 4541624 90-322 4535286 aritarim@nayanet.com.tr Bülent Eyilik, Izmir TURKEY Private 90-232-2440330 Demta Tarim Ürnl. Th. Hr.San.T C.Ltd. T., Izmir TURKEY Private 90-232-4646262 90-232-4218046 Dursunogullari Iplikçilik Tekstil Tic.Ve San.A.S., Izmir TURKEY Private 90-216-4182266 EGS Ege Giyim San.Ve Dis Tic.A.S., Izmir TURKEY Private 90-232-4419888 90-232-4419994 EGS-Egeser Giyim Sanayi Iç Ve Dis Tic. A.S, Izmir TURKEY Private 90-232-4454214 90-232-4835268 Erol Eyilik Toptan Pamuk Ve Hububat Ticareti, Izmir TURKEY Private 90-232-4864340 90-232-4352984 Eyfa Pamuk Ve Tekstil Ürnl.San.Ve Tic.Ltd.Sti., Izmir TURKEY Private 90-232-3883377 Gucbirligi Tekstil San.Ve Tic As., Izmir TURKEY Private 90-232-4464480 90-232-4464500 Güdüm Tarim Ve Dogal Ürnl.Makina Tic.Ve San.A.S., Izmir TURKEY Private 90-232-4218764 Guven Danismanlik Tekstil Tic. Ltd. Sti., Adana TURKEY Private 90-322-4541620 90-322-4539748 guven@mayanet.com.tr Imeks Dis Ticaret Ve Pazarlama Ltd.Sti., Izmir TURKEY Private 90-232-4632237 90-232-4211586