Home / Knowledge / News / Apparel/Garments / Tiflis Textile opens socks manufacturing unit in Georgia
Tiflis Textile opens socks manufacturing unit in Georgia
13
Jun '18
Dimitry Kumsishvili (wearing tie) and Mikheil Khidureli taking a tour of the new factory. Courtesy: Ministry of economy and sustainable development of Georgia
Dimitry Kumsishvili (wearing tie) and Mikheil Khidureli taking a tour of the new factory. Courtesy: Ministry of economy and sustainable development of Georgia
LLC Tiflis Textile, a beneficiary of the Enterprise Georgia programme, has opened a socks manufacturing factory in Georgian capital city of Tbilisi. The new factory with modern machinery and employing 50 persons was inaugurated by Dimitry Kumsishvili, First Deputy Prime Minister and minister of economy and sustainable development, Government of Georgia.

The new unit has been built on land given by the LEPL National Agency of State Property. The factory has come up at a total cost of 6 million lari ($2.444 million).

Under the Enterprise Georgia programme, Tiflis Textile received 190,000 lari ($77,393) of financing, which helped the company to equip the factory with the high-standard modern machinery, the ministry of economy and sustainable development said in a statement.

The company uses two components—finance and infrastructural support—of the programme, said Kumsishvili, who was accompanied by Mikheil Khidureli, the newly appointed head of the Enterprise Georgia, while touring the factory after its inauguration.

“The Tiflis Textile products will enjoy high demand in the local market since the socks are of highest quality. However, the production is export-oriented, which will certainly have a positive impact on our tax balance and will bring more foreign currency into the country,” said Kumsishvili. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Businesswire/PrimaLoft

Textiles | On 18th Nov 2018

PrimaLoft unveils PrimaLoft Bio Performance Fabric

PrimaLoft, a leader in advanced material technology, has unveiled...

Higher sales and earnings at Macy's in Q3FY18

Fashion | On 18th Nov 2018

Higher sales and earnings at Macy's in Q3FY18

Higher sales and earnings were recorded at Macy’s, one of the premier ...

Courtesy: Amazon

Apparel/Garments | On 18th Nov 2018

Amazon's new headquarters in New York City, Arlington

Amazon is setting up two new headquarters, one in New York City and...

Interviews View All

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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 2018

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

news category


Related Categories:

Advanced Search