Home / Knowledge / News / Textiles / Brazilian denim & twill leader in Argentina
Brazilian denim & twill leader in Argentina
23
Jul '11
VICUNHA TEXTIL is off and running again with the purchase of a new production site in Argentina, in which the denim giant will invest around US$ 40 million. The investment sum includes acquisition and modernization of machinery as well as renovations to the spinning and weaving facilities, and is aimed at increasing production to 2 million meters a month. At least 400 direct new jobs will be created and around 1,500 indirect ones, meaning the acquisition in VICUNHA's neighbour country will also help contribute to the overall economic stability in South America.

Together with its three existing plants in Northeast Brazil as well as one in Ecuador, VICUNHA thus moves up to second place on the list of the world's largest makers of denim and twill and further strengthens its position as a world leader in this market segment. Each of the five plants will operate 24 hours a day 7 days a week.

“An agreement signed in February of this year secured a purchase option for VICUNHA,” explains Thomas Dislich, Director of Vicunha's European branch VICUNHA EUROPE, with regard to the acquisition in the neighboring country. “During the last five months the Argentina group passed its production on to Brazil. Having now formalized the deal, it becomes a 100% subsidiary of Vicunha Brastex, the parent company of Tintoria Ullum Tejeduria Galicia and Tejeduria Panama, which are the division plants for weaving, dying and finishing.”

VICUNHA TEXTIL

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

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...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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