Home / Knowledge / News / Apparel/Garments / Italian lingerie firm to build new facility in Serbia
Italian lingerie firm to build new facility in Serbia
03
May '12
Italian lingerie producer Calzedonia has entered into an agreement with the Serbian City of Subotica, under which the latter has allotted 8.5 hectare land to the firm in the industrial zone Mali Bajmok for developing a production facility.

The producer of swimsuits, stockings and innerwear for men, women and children, intends to spend around €20 million in the first phase, generating around 1,000 new employment opportunities over the next three years.

The new investment agreement was signed by Subotica Mayor Sasa Vucinic and Francesco Ruffoli, Director of Gordon, the company established by Calzedonia.

Mr. Ruffoli stated they intend to start construction of a 12,000 sq m production facility by May end or beginning of June, and it would take around 10 months to complete the same and commence production.

Subotica Mayor said post signing of the agreement for allocation of land, the onus for all other activities related to setting up of the facility lies on Gordon.

If financial and market conditions remain positive, the Italian firm may later on construct another facility on the same land, and employ around 200 people.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search