Czech textile producer Nova Mosilana Brno has been granted various investment incentives to enable it to expand and modernise its cloth making plants.

A report from Interfax International revealed that Nova Mosilana Brno had received a five year tax holiday from corporate income tax increments.

A spokesman for the company stated that the estimated CZK380m ($10.2m) investment would enable the construction of a new manufacturing hall and redevelopment of the existing production areas. The company also announced that it would be creating around 270 new jobs.