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.
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...
- China tightens on corporate social responsibility
- Marks & Spencer to extend mobile phone monitoring
- Outdoor industry's future must be more inclusive
- Factoring: a lifeline for apparel suppliers?
- Responsible apparel sourcing requires teamwork
- Adidas "Reebok sale" would be admittance of defeat
- UPDATE: A&F appoints Horowitz to head Hollister
- New JC Penney CEO “credible but no solution”
- Bangladesh taps factory inspectors ahead of review
- Coats to open new zip factory in Bangladesh
- Ethiopia – the emerging textile and clothing industry
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Global market review of denim and jeanswear – forecasts to 2020
- Prospects for the Textile and Clothing Industry in Vietnam