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Argentine Vesuvio to increase apparel production capacity
30 May '12
1 min read
Vesuvio, a leading Argentine garment manufacturing company, will invest seven billion pesos for expansion of its San Juan based plant.
During a meeting with Industry Minister Debora Giorgi, Gotlib Rudy, President of Vesuvio, said the expansion project would create 230 new employment opportunities.
It would improve the company's trade balance and increase its production capacity from the current 700,000 shirts per year to 1.2 million shirts per year.
In August 2011, the company opened a manufacturing plant in Pocito that resulted in generation of 100 jobs, taking the total employee strength in the company to 450.
With the opening of the new manufacturing facility, the total employee strength of the company is likely to increase to 680.
Besides investing in manufacturing, the company also plans to open new stores.
Vesuvio already has three outlets in Chile and is soon going to open a store in Sao Paulo, Brazil.
Over the last five years, the turnover of Vesuvio has grown 590 percent and its exports have increased ten-fold, especially to Chile, Paraguay, Uruguay and Brazil.
During a meeting with Industry Minister Debora Giorgi, Gotlib Rudy, President of Vesuvio, said the expansion project would create 230 new employment opportunities.
It would improve the company's trade balance and increase its production capacity from the current 700,000 shirts per year to 1.2 million shirts per year.
In August 2011, the company opened a manufacturing plant in Pocito that resulted in generation of 100 jobs, taking the total employee strength in the company to 450.
With the opening of the new manufacturing facility, the total employee strength of the company is likely to increase to 680.
Besides investing in manufacturing, the company also plans to open new stores.
Vesuvio already has three outlets in Chile and is soon going to open a store in Sao Paulo, Brazil.
Over the last five years, the turnover of Vesuvio has grown 590 percent and its exports have increased ten-fold, especially to Chile, Paraguay, Uruguay and Brazil.
Fibre2fashion News Desk - India
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