Home / Knowledge / News / Textiles / Capitanich discusses Santana Textiles' expansion in Chaco
Capitanich discusses Santana Textiles' expansion in Chaco
May '14
Jorge Capitanich, Argentina’s Chief of the Cabinet and former Governor of Chaco province, met Igor Peridgao, director of Santana Textiles Argentina, and Marcelo Sánchez Castelán, business manager of the company, and discussed the expansion project of the company in Puerto Tirol town of Chaco province, according to an official statement.
 The expansion project requires an investment of 367 million pesos (US$ 45 million) and it will allow the company to generate both import substitution and increase exports to various markets in South America.
Santana Textiles is already a leader in the Argentine market in production and marketing of denim. The new investment will allow the company to produce a premium fabric, through installation of a spinning mill to produce inputs that are currently imported.
The expansion would raise the company’s fabric production capacity from the current 14 million metres per year to 24 million metres per year. It will also increase its yarn capacity from 3.6 million kg to 6 million kg. The number of employees at the Puerto Tirol plant will also go up from the present 438 to 724 once the expansion is complete.
The meeting was also attended by Cabinet Minister Sebastian Agostini, Director of National Bank Cecilia Fernandez Bugna and the Minister of Industry, Employment and Labour of the province of Chaco, Sebastian Lifton.
The expansion plan was first announced in the third quarter of last year, when it was said that the project would get completed in 12-15 months time.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marcel Alberts

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

Urs Stalder
Sanitized AG

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

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

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:
May 2017

May 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