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Lasitex targets turnover of 20m euros
17 Jul '06
1 min read
Lasitex is the biggest textile distributor for the Swedish giant Ikea, with production facilities and retail outlets throughout South-Eastern Europe.
Company exports 85 percent of its production to countries in Western Europe, the United States and even Asia.
It is one of the top ten producers in the textile industry and is counting on the expansion of production facilities and personnel growth.
Company has invested around 6m euros over the past 3 years, mainly to retool production facilities.
Two years ago the company had acquired the assets of the Pitesti-based Novatex company, which owned a textile plant.
The firm produces cotton and cotton-like fabrics, now operates under the name of Nova Textile and has Iasitex as its sole shareholder.
Lasitex has almost doubled its production capacity and the two companies have nearly 2,500 employees.
It is the biggest producer of cotton and cotton-type fabric in Romania and has a budgeted turnover worth over 20m euros this year.
Textile market has recently been estimated at around 9.5bn euros, but industry players expect the market to register a decline by around 2 billion euros by 2010.
Company exports 85 percent of its production to countries in Western Europe, the United States and even Asia.
It is one of the top ten producers in the textile industry and is counting on the expansion of production facilities and personnel growth.
Company has invested around 6m euros over the past 3 years, mainly to retool production facilities.
Two years ago the company had acquired the assets of the Pitesti-based Novatex company, which owned a textile plant.
The firm produces cotton and cotton-like fabrics, now operates under the name of Nova Textile and has Iasitex as its sole shareholder.
Lasitex has almost doubled its production capacity and the two companies have nearly 2,500 employees.
It is the biggest producer of cotton and cotton-type fabric in Romania and has a budgeted turnover worth over 20m euros this year.
Textile market has recently been estimated at around 9.5bn euros, but industry players expect the market to register a decline by around 2 billion euros by 2010.
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