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Weibo to begin work on Macedonian textile project in 2014
12
Jul '14
Mr. Gruevski (R) with Weibo management/courtesy: Weibo
Mr. Gruevski (R) with Weibo management/courtesy: Weibo
Guangzhou, China-based Weibo Group, which specializes in supply chain and production of high quality, time sensitive goods for leading retailers and brands worldwide, is making intensified preparations and is expected to start construction of textile project by 2014-end, Macedonian Prime Minister Nikola Gruevski said after meeting with the Wiebo Group management during his recent visit to China, as part of his tour of several Asian countries, including Japan and South Korea.
 
According to a statement from the Government of Macedonia, one of the successor states of the former Yugoslavia, Weibo Group would complete construction of the textile project in less than 18 months time, and would open up 5,000 new jobs when complete.
 
During his visit, Prime Minister Gruevski also toured Weibo’s factory in China.
 
In April this year, Weibo Group announced that it would set up Europe’s largest integrated textile and ready-to-wear industrial zone in the northeast region of Macedonia.
 
Weibo Group is the largest Turkish investment in China and its CEO Selçuk Alperen is vice president of Foreign Investors Council in China. 
 
The company is a worldwide merchandising-production organization, managing the sourcing requirements of numerous clients, which include some of the most significant brands, specialty and department stores, catalog companies and importers in North America, Europe and UK.
 
The company is one of the biggest producers for Massimo Dutti, Cortefiel (Spain), Barutti, Roy Robson, Brax, Hirmer, Peek & Cloppenburg (Germany), Saks 5th avenue, Dockers (USA) and many well known brands in Turkey, according to a Weibo Group press release. 
 
The Group owns three vertical operations in Cambodia, China and Turkey employing 14,400 people and it also works closely with some of partner companies that also have vertical operations in Nicaragua, Honduras and Guatemala producing wide line of products from fomal shirts, casual shirts, chino pants, suits, golf apparel, specialty knits, bags and accessories.
 
The textile and ready-to-wear zone in Macedonia would be named Selçuk Alperen Weibo Industrial Zone, and would have, amongst other operations, spinning, weaving and dyeing facilities.
 
The initial investment for the project is planned to be US$ 180 million, and the area of facilities, plants, and factories to be constructed will cover 240,000 sq m, on land of 400,000 sq m. The total investment is expected to reach $400 million in five years time, by which the export capacity would be around $600-800 million.
 
The US, the UK, France, Germany, Russia, Italy, Spain, China, South Korea and Japan will be the main export destinations for products produced in the new textile and garment industrial zone.
 

Fibre2fashion News Desk - India

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