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Japan's Itochu set to work with Belarusian textile firm
07
Mar '15
Itochu Corporation, Japan’s leading multi-sector trading house, is set to work with Mogilev-based Mogotex, one of the largest manufacturers of textile products in the Republic of Belarus, Belarusian news agency BelTA reported.

The first meeting between the representatives of the Japanese company and the Belarusian textile company, took place at Heimetextil 2015 expo in Frankfurt early 2015. The representatives of the Japanese holding company visited Mogilev in late February and were shown the company’s textiles and ready-made goods.

Mogotex director general Viktor Matiyevich said that flexibility, access to new markets, diversification of products are requirements for all markets in the current economic situation, and Mogotex have been keeping them as priority areas for the past few years.

He further added that the first steps in establishing business relations with Japanese market were made in 2014 when they paid visit the first time to Japan’s biggest textile exhibition to showcase our products.

At the meeting with Itochu Corporation representatives at the German exhibition in early 2015 the company was able to present its assortment and discuss their visit to Belarus, he said.

Both the companies discussed possible supplies of ready-made products and textiles from Mogotex to Japanese partners and prospects for placing orders and producing goods under the company’s trademark with a view to sell them to third countries, Matuyevich said.

Itochu Corporation has a thriving textile division, with subsidiaries in China, Hong Kong, Europe and the US. It has operations across the whole value chain from fibre to apparel across various product categories and is also a market leader in its home market.

Mogotex produces a wide range of fabrics for special clothes and uniforms, raincoat fabrics, fabric for the special gear and leather goods industries, lining, decorative, furniture, curtains, knitted, technical fabrics, uniform and work clothing, and home textile products. (GK)

Fibre2fashion News Desk - India

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