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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search