Home / Knowledge / News / Textiles / Venezuelan President inaugurates textile firm in Miranda
Venezuelan President inaugurates textile firm in Miranda
Oct '13
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.
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.
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 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 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 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 firm would be producing around 1,200 pieces of clothing per year, including 300 shirts, 300 chemises, 500 jeans and 100 t-shirts annually.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search