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

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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