Home / Knowledge / News / Textiles / Corgi Hosiery joins Russian trade mission to solicit FDI
Corgi Hosiery joins Russian trade mission to solicit FDI
26
Jun '13
Image Courtesy: Carmarthenshire County Council
Image Courtesy: Carmarthenshire County Council
The Managing Director of West Wales-based luxury socks and knitwear manufacturer Corgi Hosiery will travel to Moscow with Wales’ Economy Minister Edwina Hart this week, to take part in a Welsh Government trade mission to Russia.

Chris Jones, who runs the company jointly with his sister Lisa Wood, will join representatives from a range of other Welsh businesses embarking on the three-day mission, which is designed to boost Russian investment in Wales and to promote Welsh businesses across Eastern Europe.

Events scheduled during the mission include a reception for European Business and a Welsh Reception, both to be held at the UK Ambassador’s Residence in Moscow.

Royal Warrant holders Corgi already have a very strong export market that accounts for nearly 70% of the company’s total business; however,  Chris Jones is keen to focus on expanding the their European sales network.

Mr Jones said, “The Corgi brand has a huge following in both the United States and Japan, and we are currently working on developing our sales network in Korea; however, cracking major developing European markets is a key aim for us this year. Russian consumers are increasingly prosperous and value high-quality brands”.

Edwina Hart visited Corgi’s Ammanford factory earlier this year, as part of a tour of the region meeting businesses that employ people from within their local community.

Corgi currently employs 50 members of staff, many of whom live in the surrounding Amman Valley. The company has added 10 people to its workforce in the past two years, making use of schemes such as Workways, an employment project backed by the European Social Fund through the Welsh Government to offer job opportunities to local people.

The Russian trade mission comes ahead of Corgi’s trip to Buckingham Palace next month, where the company will join 200 other Royal Warrant Holders at a unique four-day event to celebrate the 60th anniversary of The Queen’s Coronation. Corgi is one of the very few Welsh companies participating in the event which will celebrate the innovation, excellence and industry shown by those fine brands which have earned the recognition of a Royal Warrant.

Corgi

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

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

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