Home / Knowledge / News / Textiles / Italian knitwear firm relocates to Hungary
Italian knitwear firm relocates to Hungary
02
Feb '10
Manifattura Italiana Tessuti Indemagliabili Spa (M.I.T.I.), an Italy-based manufacturer of high-quality fabrics, is setting up a plant in Hungary with innovative production facilities.

The company has refurbished a textile plant in Szentgotthárd (western Hungary) where it proposes to increase its concentrated staff strength from 40 to 100 employees by adding other 60 employees.

M.I.T.I. President Leonardo Polli informed that, they have invested over €2 million for refurbishment of the 4,000-square-metre production capacity to furnish it with high-tech weaving machinery.

Four months back M.I.T.I. commenced its operations at Szentgotthárd, after it relocated its production facilities from its Zogno, Italy plant. Cheap availability of labour in Hungary was the primary reason for this shift.

M.I.T.I. is to set on board in Hungary, a new development scheme which apart from enhancing the capacity will also expand its range of products.

Documents reveal that the project will commence next year and that M.I.T.I. may construct its own manufacturing unit, since at present it hires the facility from Lurotex, the local unit of Italy's Radici Group, which is also involved in business of textiles.

A marginal fall has been witnessed in the sales of sports clothing in spite of the crisis and also demand has started to accelerate. These are the primary reasons due to which the owners are optimistic about the future.

M.I.T.I. spa established in 1931 was the first warp-knitting expert in Italy. Over past 78 years, M.I.T.I. has produced several different kinds of knitted fabrics. Also during the last decades its activities are concentrated towards high-performance stretch fabrics for active wear.

With 200 employees its main focus is towards the western European market.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Textiles | On 24th Apr 2018

Pakistan’s textile exports up 7.77% in July-March FY18

The value of textile and garment exports from Pakistan increased by...

Alliance to form joint entity for safety in factories

Apparel/Garments | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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