Home / Knowledge / News / Textiles / Post buyout, More to be leader in home textiles
Post buyout, More to be leader in home textiles
May '11
Fundo de Reestruturação (Restructuring Fund) has acquired three Portuguese home textile mills that were in financial difficulty to create a new mega firm - More Textile.

The three mills – Coelima, António Almeida & Filhos and José Machado Almeida – together employ about 2,000 people and have annual sales of about US$ 142 million.

The Restructuring Fund has 85% stake in More Textile, while the remaining 15% is owned by the shareholders of the three mills.

Although the production facilities of these three mills are operating separately, the management is being integrated under More Textile.

The management of More Textile would ensure the viability of the three mills that have been facing difficulties due to low demand in the international market, competition from Asian countries, and the high rise in production costs.

More Textile is, thus, set to replace Lameirinho as the leading home textile manufacturer in Portugal.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Indonesia may ease procedures for raw material import

In order to boost the competitiveness of the domestic textile...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Igor Chapurin

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search