Home / Knowledge / News / Leather Crafting Company plans to widen its horizon
Leather Crafting Company plans to widen its horizon
30
Jul '08
Albert's Leather Crafting Company, a well known Lebanese leather crafting and tanning producer has recently inked an investment agreement with the Ma'an Development Company (MDC), a subsidiary of the South Company for Construction and Development (SCCD).

Together these two companies will establish a leather crafting factory in the Industrial Park of Ma'an Development Area (MDA).

The officials of both the companies were present for signing the deal, that will come up with a capital investment of nearly US $4.2 million. The new leather production unit is expected to start its operations by the end of this year.

This would be Albert's first production plant outside Lebanon, which will produce goods of international standards. The Company aims to ship nearly 80 percent of the manufactured items and rest of the products will be marketed locally.

Experts believe that the new factory would provide job opportunity for nearly 100 people that will automatically boost economy of the region. Albert's Leather Crafting Company is considered to be the best in tanning and crafting of leather products.

MDA is all set to become a hub for industrial and vocational training as it provides excellent infrastructure, incentives, perfect location and perfect investment laws for overseas entrepreneurs.

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

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

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

Smita Murarka
Amanté

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

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

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

Ritu Kumar
Label Ritu Kumar

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

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...

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
January 2017

January 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