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Ukraine's Textile-Kontakt to invest in new fabric unit

08
Oct '18
Ukraine
Leading Ukrainian textile fabric seller and producer Textile-Kontakt Group plans to invest up to 100 million Ukrainian hryvnia (UAH) in 2019 in a new fabric-manufacturing unit in Chernihiv. UAH 30 million will be invested this year as the company is scheduled to open in December. The annual capacity of the plant will be 2-3 million meters of fabric.

The unit will create up to 80 jobs and when it reaches full production capacity by 2019 end, 100 more jobs will be created, according to a news agency report.

The products will be will be 100 per cent cotton fabrics: twill, bleached calico and printed cotton and blended raincoat fabric ‘Greta’. A special fabric for the defence ministry will also be produced.

Textile-Kontakt was founded in 1995 by Oleksandr Sokolovsky and represents a holding company that combines various areas of assets: wholesale and retail trade, the import of fabrics, accessories and home textiles, as well as tailoring of special clothing, including military uniforms. (DS)

Fibre2Fashion News Desk – India


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