Home / Knowledge / News / Apparel/Garments / Vinatex shows interest to set up garment factory in Moscow
Vinatex shows interest to set up garment factory in Moscow
26
Jun '14
The Vietnam National Textile and Garment Group (Vinatex), one of the largest Vietnamese companies, has shown interest in setting up its textile and garment factory in Moscow, Denis Butsayev, Moscow region’s Minister of Investments and Innovations, said after a meeting with Vinatex representatives, reports Interfax news agency.
 
According to the Minister, Vinatex would like to set up its textile and apparel factory in the suburbs of Moscow.
 
Vinatex includes more than 120 joint stock companies, and is involved in production and trade of clothing items.
 
Vinatex includes nearly 120 subsidiary companies that produce textiles and garments and run commercial services. These companies also have their own distribution systems including wholesale and retail dealers.
 
In 2013, Vinatex’s exports were nearly US$ 3 billion, up 12 percent year-on-year, while its earnings from the domestic market were 22.5 trillion VND (approx. US$ 1.05 billion), showing a rise of 15 percent year-on-year.
 
By next year, Vinatex is expected to enter the list top ten textiles and garment companies in the world.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

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

Rupa Sood and Sharan Apparao
Nayaab

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search