Spentex Industries announced on Thursday that it has acquired the immovable assets of "Farg'ona Ip-Gazlama Ishlab Chiqarish" in Uzbekistan to set up a processing project for dyeing finished fabric through its Dutch subsidiary in technical and marketing collaboration with British Millerain, (BM) UK. |
The process house at Mergalan factory in Uzbekistan will dye finished fabric for use in work wear, outdoor fabrics, military use, institutional uniforms/wears, industrial fabrics and home furnishing fabrics. |
The proximity to Eastern European markets will be an added advantage apart from low cost of operations and moving a step forward in the value chain are the reasons for setting up of the process house. |
It would have a capacity for dyeing 30,000 meter of fabric per day and the flexibility to increase it subsequently. Spentex already has setup in Uzbekistan, having acquired the assets of Tashkent-To'yetpa Tekstil. |