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 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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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