The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques region of the state of Miranda in the country, as part of his Efficiency on the Streets Government tour to the region.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
According to a statement issued by the Government of Venezuela, the President said the firm would be producing textile and apparel products for the region, and would contribute towards specific economic growth of the nation.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
President Maduro said the company has latest technology, which would bring a revolution in the textile and clothing sector of the country, as well as further the economic development.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
The Government invested 84 million Venezuelan bolivars for working capital and the full recovery of the company which was left in ruins in the 1990s.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
The company, which would employ over 100 people in the region, has also installed embroidery art machinery from China, which is capable of embroidering nearly 200,000 pieces of clothing annually.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
The recovery of the textile firm began in July 2011 with the purpose of reviving the entire infrastructure of the old textile factory with an exceptional plan to boost the process of textile production of the company.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
The firm would be producing around 1,200 pieces of clothing per year, including 300 shirts, 300 chemises, 500 jeans and 100 t-shirts annually.
The President of Venezuela, Nicolas Maduro, innaugrated the social property company Algodones del Orinco (Cotton of Orinco), located in Los Teques #
Fibre2fashion News Desk - India