Home / Knowledge / News / Textiles / Orsha Linen Mill to set up JV with Italy's Marzotto
Orsha Linen Mill to set up JV with Italy's Marzotto
07
Oct '10
Vladimir Nesterenko – the Director General of Orsha Linen Mill disclosed that his company is involved in talks with an Italian company – the Marzotto Group, to set up a joint venture. The setting up of this project is expected to take a lot of time as it involves huge investments and also the company is currently experiencing heavy expenditures.

Once the company's technology is upgraded, it will be in a much better position to seek for more investment. This will also raise the productivity of its workers and at the same time enhance the competitiveness of its products as well as the wages of its workers.

He further added that Orsha Linen Mill has also started negotiations with the Chinese manufacturers. A team of Chinese business executives had visited the company in the month of August. But they are not expected to arrive at a decision soon, as they invest cautiously in any business undertaking.

He also revealed that Br53 billion had already been invested in 2009 and another Br456 billion will be spent for the company's growth, in the period 2010-14. The amount will be utilized for the upgradation of the company's three units. It is also expected that the processing of flax fibre will enhance by two times whereas the manufacturing of fabric will be two and a half times more than the current volume.

Currently, the company is exporting around 60 percent of its total production and this is expected to rise up to 80 percent once the process of technical upgradation is completed. The Director General of the company pointed out that such grand projects are often coupled with several risks.

The company is the only producer and exporter of linen fabric as well as other flax commodities in Belarus. The flax production process of the company involves nearly 100 technical operations. The company has five units which are all involved in the manufacturing process.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Azerbaijan cotton industry created 64,000 jobs last year

Cotton industry in Azerbaijan created 64,000 jobs in 2016, and a...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kerem Durdag
Biovation II LLC

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

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...

Rupa Sood and Sharan Apparao
Nayaab

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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