SWITZERLAND: Textile Firm Sets Up Uzbekistan JVs
Leading Swiss textile firm Vimatex on Wednesday unveiled plans to form two joint ventures in Uzbekistan that would cost around $15 million to set up. Vimatex said the first joint venture will produce up to 3,000 tonnes of cotton yarn and 4,000 metres of shirt fabric a year, while the second will produce up to 4,000 tonnes of cotton yarn per year.