Manifattura Italiana Tessuti Indemagliabili Spa (M.I.T.I.), an Italy-based manufacturer of high-quality fabrics, is setting up a plant in Hungary with innovative production facilities.
The company has refurbished a textile plant in Szentgotthárd (western Hungary) where it proposes to increase its concentrated staff strength from 40 to 100 employees by adding other 60 employees.
M.I.T.I. President Leonardo Polli informed that, they have invested over €2 million for refurbishment of the 4,000-square-metre production capacity to furnish it with high-tech weaving machinery.
Four months back M.I.T.I. commenced its operations at Szentgotthárd, after it relocated its production facilities from its Zogno, Italy plant. Cheap availability of labour in Hungary was the primary reason for this shift.
M.I.T.I. is to set on board in Hungary, a new development scheme which apart from enhancing the capacity will also expand its range of products.
Documents reveal that the project will commence next year and that M.I.T.I. may construct its own manufacturing unit, since at present it hires the facility from Lurotex, the local unit of Italy's Radici Group, which is also involved in business of textiles.
A marginal fall has been witnessed in the sales of sports clothing in spite of the crisis and also demand has started to accelerate. These are the primary reasons due to which the owners are optimistic about the future.
M.I.T.I. spa established in 1931 was the first warp-knitting expert in Italy. Over past 78 years, M.I.T.I. has produced several different kinds of knitted fabrics. Also during the last decades its activities are concentrated towards high-performance stretch fabrics for active wear.
With 200 employees its main focus is towards the western European market.
Fibre2fashion News Desk - India