Home / Knowledge / News / Textiles / Belarusian textile firm invests $30mn in modernization
Belarusian textile firm invests $30mn in modernization
16
Dec '13
OAO Mogotex, a major manufacturer of textiles and apparel in Belarus and the CIS countries, has invested more than US$ 30 million over the past five years for modernization and upgradation of its production units, Mogotex director general Vikto Matiyevich told reporters, Belarusian Telegraph Agency BelTA reported.
 
Mr. Matiyevich informed that the technical re-equipment program which has been going on since 2008 is about to get completed. He added that the company has plans to invest another about €5 million over the next one year period, aimed at expanding the product range.
 
As per the company’s business plan, its monthly fabric production capacity would increase from the current 3.6 million metres a month to about 4-4.1 million metres a month by late 2015. Fabrics for overalls account for 70 percent of the company’s total production, while home textiles account for about 25 percent.
 
While purchasing new equipment, Mogotex has chosen European manufacturers as their products meet the highest standards, and the company would continue to follow the same strategy in future because long-term cooperation results in getting advantageous prices and better supply contracts, Mr. Matiyevich said.
 
Mogotex was established in 1973, and it was made a joint stock company in 2000. The company makes fabrics for special clothing and uniforms, garment-lining fabrics for raincoats, ready-made overalls and home textiles.
 
In 2011, Mogotex opened a garment manufacturing unit in Bykhov, Mogilev Oblast, followed by one more unit in 2013 at the premises of the affiliated enterprise Mona in Polotsk, Vitebsk Oblast. These units have capacities to produce 20,000 units of special clothing and uniforms and 30,000 units of home textile products per month.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Karel Williams
Dow Microbial Control

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

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Steve Cole
Xerium Technologies

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

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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