Home / Knowledge / News / Apparel/Garments / Technology leader Tefron in financial trouble
Technology leader Tefron in financial trouble
09
Dec '09
Tefron Ltd, a textiles and apparel manufacturing company, which has accumulated debts of NIS 35 million has approached three of its lender banks to restructure its loan. The company will give the banks a detailed business plan for 2010 by the end of this year.

Tefron is a global leader in production of seamless and engineered apparel and in a short period of time has quickly taken a dominant market position in performance sports wear. It has been first in the market with products like seamless bra, soft-waistband panty and ultrasonic seam.

The company employs around 1,000 people at its plant in Galilee, Jordan and the Far East and all these jobs could be on the chopping block if the three banks do not accept the restructuring plan put up by the company.

Fibre2fashion spoke to Mr Alon Shadmi, Vice President (Marketing) who confirmed the news by saying that, "Tefron Ltd has to give to the three banks a plan by the end of December and we fully believe we will be able to give a concrete plan that will help in the future".

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

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

Kevin Nelson
TissueGen

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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