LATVIA: Lingerie Maker New Rosme Plans Russian Factory
Leading Latvian-based lingerie maker, New Rosme, has revealed plans to open an underwear factory in Russia's Pskov region in 2002. The new plant will produce up to 5,000 lingerie items a week and employ around 50 people, according to reports in the local press. The firm, which is owned by Sweden's Swegmark Holding AB, generated net sales of $5.93 million last year on a domestic market share of five per cent and exports to countries including England, Ireland, Germany, Switzerland, Portugal, Lithuania and Estonia.
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