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January 17, 2002

SWITZERLAND: Textile Company Unveils Investment Plans

Leading Swiss-based textile firm, Tuellindustrie, on Thursday revealed it plans to invest around $1.8 million in new state-of-the-art machinery and equipment this year. The company, which employs 155 people at its factory in canton Thurgovia and a further 75 at its UK subsidiary, said the proposed investment follows the expansion of its manufacturing activities.

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