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Hamat Exits Turkey Amid Erdogan's Boycott

March 26, 2026

2 min read

Key Takeaways

Hamat exits Turkey due to losses and weakened demand.
Company will shut down manufacturing operation and lay off most workers.
Hamat considers selling assets, including plant and land.
Losses deepened by 10% to 3 million shekels in Q1 2026.

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Strategic Implications

Hamat's exit from Turkey may indicate the significant impact of trade boycotts on companies operating in the region. The decision to shut down manufacturing operations suggests that the company could be shifting its focus to alternative markets or suppliers, which may have implications for the global sanitaryware industry.

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What Happened

Israeli Sanitaryware Company Shuts Down Manufacturing Operation

Israeli sanitaryware company Hamat has announced its decision to exit Turkey, citing deepening losses and weakened demand amid President Recep Tayyip Erdogan’s trade boycott. The company will shut down its manufacturing operation and lay off most of its workers in Turkey. Hamat is considering selling its assets, including the plant and land, and is looking to alternative manufacturers to supply its products. According to Ynetnews, the company’s decision is a result of the ongoing losses at its Turkish plant, which deepened by 10% to 3 million shekels in the first quarter of 2026.

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