Ivanovo to get two new textile plants by 2016: Governor

17 Sep '13

2 min read

The Governor of Ivanovo region of Russia Mikhail Men announced the construction of two new textile plants in the region, one for manufacturing synthetic fibre and the other for production of technical textiles, which would be completed by 2016.

The Governor was speaking at the plenary session of the Eighth International Textile Industry Forum- ‘Golden Ring’ Exhibition 2013, held recently in the Ples city of the region.

According to an official statement, Governor Men said the plants would be constructed by the Russian representative of German company ‘Uhde’ with a total investment of 253 million rubles.

The main idea of the project is to create conditions to use locally produced raw material for the domestic textile industry, instead of using imported raw materials, he added.

Mr. Men said on completion, the plants are estimated to create around 1.4 million new jobs in the region.

The business program of the two-day forum attracted participation of around 200 representatives from 150 leading domestic and foreign textile companies from countries such as Germany, Belarus, Kazakhstan, and Turkey as well as ten regions from Russia.

At the exhibition, the Governor and the Minister of Industry and Trade Denis Manturov, visited stands of various textile and garment enterprises, where sample products were displayed, and representatives from the companies also showcased new innovations and presented proposals for promising investment projects for the region.

Fibre2fashion News Desk - India

More Textiles News - Russia...