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Liepaja textiles industry is in serious standby mode due to lack of work

Related Keywords: developed industry, exported to CIS and EU countries, larger textile companies, Latvian Chamber of Commerce and Industry, Lauma Fabrics, Lauma Lingerie, Lejpaja clothing and textiles industry, lingerie producers, Russain market, Russian crisis

The Leipaja clothing and textiles industry historically have been one of the most developed industry that operated more than 80 companies, of which most are lingerie producers. The textile industry is in a very serious standby mode at the moment as more than 500 workers in the textiles industry in Liepaja have been asked to go on annual leave due to lack of work according to Girts Kronbergs, head of the Latvian Chamber of Commerce and Industry branch in Liepaja.

Lauma Fabrics acquires 100% of shares in a German Textile Company

Related Keywords: elastic knitted fabric, German Textile company, Lauma Fabrics

Lauma Fabrics is one of the leading manufacturers of lace, elastic knitted fabric and ribbons in Europe as part of its expansion plant has acquired 100% of shares in Neukirchen-based textile enterprise Elastic Textile Europe GmbH, one of the leading specialists for stretch fabrics in Europe and also acquired 51% stake in Elastic Textile Europe’s associated company Elastic&Weskott. As a result, a new limited liability company, LE Textile, has been established in Germany

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