INDIA: Malwa Industries acquires Third Dimension Apparels & bought healthy stake in Italian firm

LUDHIANA: Malwa Industries has acquired two overseas company's one a Jordanian firm, Third Dimension Apparels, and has bought 80 per cent stake in an Italian company, Emmetre Tintolavanderie Industriali, both the acquisitions amounted around Rs 50 crore.
The Jordanian company will increase Malwa`s garment capacity from the present 4.5 million pieces to 10 million pieces per year. Emmetre is involved in dyeing and finishing of garments and has a capacity of 2.5 million garments per year.  
The acquisition of Third Dimension has given a strategic foothold in a garment manufacturing location with duty-free access to the US and European markets.
Malwa Industries, which is part of the Rs 540 crore Malwa Group, will also invest Rs 250 crore to expand capacity over the next two years.  
The company`s denim fabric capacity will rise from the present 20 million metres to 30 million metres next year and will touch 40 million metres by 2008.

Send your News/Releases for publication to [email protected]
Added: May 12, 2006 Source: Agencies
Start script - 1548004837.205 Start news id check - 1548004837.2051 After news id check - 1548004837.2054 After cookie_code - 1548004837.986 Before news detail - 1548004837.986 After news detail - 1548004837.9867 Start cat select - 1548004837.9868 After cat select - 1548004837.987 before preg replace - 1548004837.987 After preg replace - 1548004837.987 Before tag engine - 1548004837.987 After tag engine - 1548004837.992 Before mptt engine - 1548004837.992 After mptt engine - 1548004837.992 Before related engine - 1548004837.992 After related engine - 1548004837.9954 Before update hits - 1548004837.9955 After update hits - 1548004837.9956 After update news_hits - 1548004837.9988 After mem_only_views - 1548004837.9988 -------------------------------------------------- Total Exec time:- 0.79380011558533
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2019. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 20-01-2019