Home / Knowledge / News / Apparel/Garments / Adesgo bags €6 mn loan from Romania's EximBank
Adesgo bags €6 mn loan from Romania's EximBank
Jun '16
Bucharest based stockings and lingerie maker Adesgo has bagged €6 million loan from Romania's EximBank, local media reported.

Adesgo, the largest producer of stockings and lingerie in Romania, will use funds to finance its current activity, and also invest in upgrading some of its workplaces, EximBank said in a statement.

Adesgo's Bucharest factory has monthly production capacity of more than one million pairs of stockings and over 600,000 lingerie pieces. The factory currently employs 225 people.

In 2015, Adesgo, which sells its products under Diamond brand, posted net profit of €258,543, down 9.6 per cent year-on-year, while its turnover increased six per cent to around €14 million, according to the data on the finance ministry's website.

Adesgo also produces stockings for international high profile brands such as Cacharel, Spanks, Tesco, Hema, Tu, and Intersport. (RKS)


Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search