Home / Knowledge / News / Textiles / Belarusian textile firm to invest $8-9mn in upgradation
Belarusian textile firm to invest $8-9mn in upgradation
Nov '13
OAO Baranovichi Cotton Production Amalgamation, based in Brest province of western Bealrus, would be investing about US$ 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In April 2012, the Prime Minister had agreed additional financing for the textile unit to be utilized for replacing outdated technological equipment in several shop floors and to build the factory’s own energy generation unit in 2012-15 period.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

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Rahuul Jashnani

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

Karel Williams
Dow Microbial Control

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search