Home / Knowledge / News / Textiles / Belarusian textile firm to invest $8-9mn in upgradation
Belarusian textile firm to invest $8-9mn in upgradation
05
Nov '13
OAO Baranovichi Cotton Production Amalgamation, based in Brest province of western Bealrus, would be investing about US$ 8-9 million in upgrading the production facilities, Belarusian Prime Minister Mikhail Myasnikovich told reporters after visiting the company, BelTA reported.
 
In April 2012, the Prime Minister had agreed additional financing for the textile unit to be utilized for replacing outdated technological equipment in several shop floors and to build the factory’s own energy generation unit in 2012-15 period.
 
Mr. Myasnikovich said while implementing the investment project, a need was felt to expand the scale of modernization of the textile unit, which is estimated to cost about US$ 8-9 million.
 
The Prime Minister said the additional investment project is crucial for the company and it envisages upgrade of weaving and sewing shop floors.
 
For the weaving shop floor, officials of the Bellegprom concern and top managers of banks discussed the implementation of additional investment projects to enhance the capacity and improve the quality, Mr. Myasnikovich said.
 
He explained that a study of the market environment shows that the market is ready for more textile and apparel products, which means increase in added value and gross domestic product (GDP) of the country.
 
This year, the Baranovichi-based company will produce about 27 million metres of fabric, and it would be a challenge to sell this quantity of fabric, the Prime Minister said.
 
The company, currently exports its products to Russia, Kazakhstan and other countries, but the amount is inadequate, hence, there is a need to expand exports not only in the Customs Union, but also in other markets, he added.
 
Last year, the firm’s exports increased by 35 percent over the previous year.
 
The repayment of loans would begin in 2014-15, and hence the company should also think about optimization of staff and capacities, as well as boosting marketing efforts, the Prime Minister said.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Amrit Sethia
SOIE

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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