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Search Results for: plan+invest+second+factory

Almeda Textile plans to boost revenue by 50pc to $30mn a year by 2018
Almeda Textile is the biggest textile manufacturing company in Ethiopia plans to upgrade factory equipment and training staff to increase revenue by 50 percent to $30 million a year by 2018. It
Welspun to invest Rs 2,500 cr into modernization and expansion of textile facilities
Welspun India, Asia's largest and the 2nd largest Terry Towel producers in the World based in Mumbai, as part of its expansion plan would be making investment of Rs 2,500 crore in their textile
Italian garment manufacturer Calzedonia set to make investment in Ethiopia
Calzedonia, an Italian garment manufacturer plans to make investments in Ethiopia as it sees ample investment opportunities and huge potential for textile industry and
Ethiopian govt to sell all its shares in companies jointly owned begins with Saygin Dima Textile Factory
The Ethiopian government sells all of its shares in the Saygin Dima Textile Factory S.C. to its Turkish private sector partner company Saygin. The Turkish company will pay 563 million Br over five
Russian companies plan to establish large-scale production of technical textiles
BTK is not the only Russian company, which plans to establish large-scale production of technical textiles. Several days ago the National Investment and Finance Corporation (NIFC), one of
China investing US$2 bn to set largest cotton spinning facility in Pakistan
China’s fifth largest textile company, Shandong Ruyi Technology Group is investing US$2 bn to set up the largest cotton spinning facility in Pakistan. It has already bought 1,036 acres of
China's new textile factory movement trend emerging as a threat
Italian textiles are attractive to Chinese interests not only because of the quality, but also because of a highly efficient labor force. But the new trend is now emerging that threatens their
Lenzing opens world’s largest lyocell facility in Thailand
Austrian fiber producer, Lenzing, is pleased to announce the successful completion of its new lyocell plant in Thailand, which is part of the Lenzing Group, has a capacity of 100,000 tonnes, and
Spanish firm Pyratex raises EUR600,000
Spanish sustainable fabrics start-up, Pyratex, has raised EUR600,000 (US$680,086) in the second round of fundraising, with Japanese sportswear firm Asics Corporation's investment arm as one of the
Outland Denim, a sustainably minded and socially conscious denim brand
Outland Denim is an Australian-based environmentally and socially conscious denim company that was founded by James Bartle with the goal of providing stable employment and economic opportunity to