Home / Knowledge / News / Textiles / Nylon Knitting plans huge investments
Nylon Knitting plans huge investments
Feb '08
A Memorandum of Understanding (MoU) was signed between the Government and Nylon Knitting in Qormi,on January 31.

It states that the company will invest Euro 43 million for the manufacturing plant in Malta during 2008-2011 period, in line with their new Business Plan. This information was provided by the Minister for Investment, Industry and Information Technology, the Hon. Austin Gatt, together with Nylon Knitting Chairman, Mr Luigi Pezzoli.

The investment announced is another turning point for the company. The investment will be in phases that include the expansion of the knitting department and the complete replacement of old technology including machinery and equipment.

In 1998, it had invested 7 million in machinery and equipment and another 55 million over the following 10 years.

The plant was set up in 1963. The Italian owned company has committed to retain its current 322 employees until 2017 and increase its workforce to 400 by December 2011. The investment shows that the company has a prosperous future.

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Evelyne Cholet

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

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

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

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search