SERBIA: Benetton hub to employ 2,700 workers
Benetton's 'Nitex' clothing factory in the southern Serbian city of Nis is set to employ 2,000 workers by the end of 2013, rising to 2,700 once its renovation is fully completed the following year.
The Italian knitwear giant bought the government-owned facility last year as part of an EUR43m (US$62.5m) investment to strengthen its position in the Balkans.
Touring the factory last week, Serbia's deputy prime minister for economic and regional development, Verica Kalanovic, said four factories have been rebuilt, while others are still being constructed.
Currently, 400 workers are employed and by the end of 2014 the textile centre will have taken on 2,700 workers - contributing EUR72m to the group's annual turnover once it starts operating at full capacity.
The Italians will use the plant for knitwear and woven textile clothing production, primarily for export worldwide, with a capacity of 1m garments.
An interactive databank with intelligence on the major apparel sourcing countries
While cities such as Milan, Paris, New York and London have historically been seen as the global 'fashion hubs' - acting as meeting spots for high-end designers, fashion shows, luxury retail outlets a...
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- EU trade ministers push on TTIP and Canada pacts
- What does the future hold for world wool supply?
- Why synthetic fibres are a safe bet for the future
- US retailers urge action on Hanjin Shipping crisis
- Zara launches eco-friendly Join Life collection
- Adidas unveils first Speedfactory running shoe
- Bangladesh calls for US duty-free apparel access
- Brexit may hit suppliers with UK duty-free access
- Too Many Standards
- Apparel (GLOBAL) - Industry Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Ralph Lauren Corporation : Retailing - Company Profile, SWOT & Financial Analysis
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras