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

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kevin Nelson
TissueGen

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

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search