Poland-based global trading and production company Polcotton will invest about $60 million in the construction of a textile complex for the processing of cotton fibre in Uzbekistan. The proposed factory will have a capacity of 10,000 tonnes of finished products per year and create employment for around 1200, according to the Uzbek foreign ministry.
Uzbekistan, which produces 1.1 million tonnes of cotton fibre annually, ranks sixth in world cotton fibre production and fifth in exports. Around 3,500 tonnes of raw cotton are produced in the country every year.Poland-based global trading and production company Polcotton will invest about $60 million in the construction of a textile complex for the processing of cotton fibre in Uzbekistan. The proposed factory will have a capacity of 10,000 tonnes of finished products per year and create employment for around 1200, according to the Uzbek foreign ministry.#
Polish textile workers are ready to enlarge their ties with Uzbekistan in exporting textile products from the republic, Polcotton general director Alois Schonberger, who is also vice president of the European Committee of the Cotton and Textile Industry, was quoted as saying by a Uzbek government news agency. (DS)
Fibre2Fashion News Desk – India
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