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Denims & twills producer Vicunha sees good results in 2010

27 Apr '11
4 min read

"In 2011 we will continue our focus on the major goal of strengthening international business investments in increasing production capacity and modernization of domestic factories," says José Maurício D'Isep, Chief Financial and Investor Relations of Vicunha Textil.

With this strategy, the company reinforces its importance in the Brazilian and Latin production of twills and denims, which will be further increased with the expansion of productive capacity through the project of installing a plant in Mato Grosso.

Internationally, with the operation of the LA Internacional subsidiary in Ecuador, the company intends to increase its market share in Latin America, aiming to promote exports to the signatory countries of the Andean Pact, Mexico and, consequently, the United States and Europe. In addition to production in Ecuador, the company also operates in Argentina with a commercial office there, and is analyzing the local market for possible acquisitions of industrial plants.

However, the textile industry has faced significant increase in the price of cotton, its main raw material. Faced with the prospect of maintaining high values of this commodity in 2011, Vicunha, this last quarter, is readjusting the prices of their products in order to preserve profit margins.

Vicunha Textil

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