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 - 1540078807.7514 Start news id check - 1540078807.7515 After news id check - 1540078807.7519 After cookie_code - 1540078809.0674 Before news detail - 1540078809.0674 After news detail - 1540078809.0681 Start cat select - 1540078809.0682 After cat select - 1540078809.0684 before preg replace - 1540078809.0684 After preg replace - 1540078809.0684 Before tag engine - 1540078809.0684 After tag engine - 1540078809.0734 Before mptt engine - 1540078809.0734 After mptt engine - 1540078809.0734 Before related engine - 1540078809.0734 After related engine - 1540078809.0767 Before update hits - 1540078809.0768 After update hits - 1540078809.0769 After update news_hits - 1540078809.0786 After mem_only_views - 1540078809.0786 -------------------------------------------------- Total Exec time:- 1.3271999359131
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 20-10-2018