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PNG 1962, Bulgarian textile co to invest 2mn levs in new production unit

Related Keywords: Bulgarain textile company, digital printing on cotton fabrics, equipment, increase productivity by fifteen percent, invest two million levs, leading manufacturer in home textile, new production facility, PNG 1962 Ltd. Eood, PNG operates twelve stores, raise revenues from export by twenty six percent

Bulgarain textile company PNG 1962 Ltd. Eood is one of the leading manufacturer in home textile based in Sofia. The company plans to make investment to the tune of two million levs ($1.16 million/1.0 million euro) in a new production facility and equipment for digital printing on cotton fabrics.

The investment is co-financed by the EU programme Innovation and Competitiveness with 350,000 levs, while the rest will be provided by a bank loan, PNG 1962 said.

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