Spanish textile maker Dogi International Fabrics on Tuesday announced plans to invest $27 million in improving the efficiency and production capacity of its plants in China and the Philippines.

The company said the money will be invested over the next two years and come as it aims to boost its Asian sales growth 26 per cent.

Dogi acquired UK fibre company Courtaulds Textiles’ Chinese, Thai, Philippine and German elastic material plants in 2001 for $47.6m.