Home / Knowledge / News / Apparel/Garments / Carrington Workwear signs JV with TMG Textiles
Carrington Workwear signs JV with TMG Textiles
29
Mar '17
Courtesy: Carrington
Courtesy: Carrington
Carrington Workwear, one of the largest producers of workwear fabrics in the UK, has entered into a joint venture with the Portuguese textile manufacturer TMG-Acabamentos Texteis SA. The partnership will result in setting up of a new Portuguese company, MGC-Acabamentos Têxteis SA, with a capacity to manufacture 18 million metres of fabric per year.

Carrington has taken the step to expand its European production capacity as part of a wider investment strategy. The JV will expand Carrington's current production capacity in Europe to more than 50 million metres. This will also see £10m spent on a new research and development laboratory, machinery and infrastructure, at its Pincroft production facility in Lancashire, UK, over the next two years.

The partnership will benefit from Carrington's management and technical expertise and TMG's local infrastructure and support network.

"TMG is an obvious choice of partner for us given its long textile tradition, our excellent relationship and history of working together. Although we had been evaluating the possibility of cementing our relationship with TMG for some time, the UK's decision to leave the EU has now made this move strategically advantageous for the future," said John Vareldzis, managing director at Carrington. "We look forward to the commencement of the new venture, where we will be able to enhance the current production capacity and technical capabilities. This new investment will perfectly complement further enhancements to our existing manufacturing capabilities at Pincroft, which will continue to be our main production site," he added.

"This partnership is the culmination of more than 15 years of working closely with Carrington. This is fantastic news for our customers as it will greatly improve our manufacturing competitiveness. The input from Carrington, their expertise and experience, will also provide a major boost in the development and production of future products. It is a decision that will benefit everybody concerned," said Manuel Gonçalves, executive board director at TMG. (RR)

Fibre2Fashion News Desk – India


Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search