YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Russia focus on increasing production of technical textiles through new projects

Related Keywords: Balashov textile mill, BTK Group, designed package of measures, Dupont, increase production, increase share of domestically made, new investment projects, nonwoven industries, Russian Ministry of Industry and Trade, support technical textiles

The Russian Ministry of Industry and Trade has designed a package of measures, aimed at supporting the country’s technical textiles and nonwovens industries that is steadily growing. This is reflected by the number of new investment projects announced for implementation in recent months. The increase in production of technical textiles is part of the ambitious plans of the Russian government for the increase of the share of domestically made technical textiles - up to 80% of the local market by 2020.

Global clothing brands invited to localize their production in Russia

Related Keywords: ethical tradition, fashionable fabrics, foreign clothing brands, Global clothing brands, global market, long term tax break, new investment projects, produce synthetic fabrics, Russian textile industry, Russsian authorities, share of market, synthetic fibers and yarns

The textile industry in Russia has an ethical tradition and commands respect in the global market . Though the Russian textile industry faced challenges in the nineties, it is now emerging as a competitive industry. The Russian authorities have invited foreign clothing brands to localize their production in Russia, with new factories being offered long-term tax breaks until 2025, Deputy Industry and Trade Minister Viktor Yevtukhov said.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button