Home / Knowledge / News / Textiles / Textile manufacturer Blakit to set up JV in Turkmenistan
Textile manufacturer Blakit to set up JV in Turkmenistan
05
Nov '14
Open Joint Stock Company, Baranovichi Cotton Production Amalgamation, (Blakit),one of the largest manufacturers of textile products in Europe and CIS countries, would have to establish a joint venture in Turkmenistan, according to the Prime Minister of Belarus, Mikhail Myasnikovich, BelTA reported.

According to the Prime Minister, Blakit has to step up manufacturing cooperation with the countries that produce cotton. During his visit to Blakit, Mr. Myasnikovich reviewed the company’s performance in January-September 2014 and reviewed the progress in the company’s modernization efforts.

Mr. Myasnikovich said that the industrial group has to increase the share of ready-made products in its output and start textile finishing operations for Orsha Linen Mill textiles.

According to reports, Blakit’s output reached Br368.113 billion in the first nine months of 2014, as compared to Br325.523 billion from January to September 2013. The growth rate amounted to 113.1%. In the first half of 2014, the company shipped Br330.874 billion worth of merchandise, 10.1% up from the same period of last year. Exports rose by 50% in the first half of 2014, in comparison to the first half of 2013.

In the course of the comprehensive retooling campaign from November 2013 through 23 October 2014, the company commissioned over 80 units of equipment. By the end of 2014 the company intends to finish the installation, startup and commissioning operations for another 50 units of equipment.

As a result, Blakit will get a modern manufacturing division with the full processing cycle from cotton to ready-made products such as table and bed linen, and apparel.

In addition to manufacturing competitive products that satisfy most exacting customers, the new equipment will allow the company to advance manufacturing cooperation in textile finishing. (GK)

Fibre2fashion News Desk - India


Must ReadView All

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do 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


August 2018

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

news category


Related Categories:

Advanced Search