Mogotex OJSC (Mogilev) is planning to invest BYR 40 billion in the modernization of production facilities in the coming 18 months, Director General Viktor Matiyevich told Interfax.
The upgrading program is expected to boost the company's output by 50% and expand non-CIS exports.
In the past two years Mogotex increased the non-CIS export by 30%.
The company has nine joint ventures and three dealers in Russia, three JVs and two dealers in Ukraine, a representative office in Lithuania, as well as dealership centres in Moldova, Azerbaijan, Hungary, Poland, Mongolia, Uzbekistan.
Mogotex OJSC is one of the largest producers of textiles in Russia and the CIS.
Today Mogotex offers over 400 fabric titles for overalls, raincoats, lining, furnishing, men and women garments, shutters, curtains, etc. Clothes fabrics account for 65% of the total output, interior fabrics - 25%, technical fabrics - 10%.
Fabric design and production meets ISO 9001 quality management system standards testified by certificates of the Belarusian State Standard Committee and German TUY CERT.
The company was founded in 1973. It employs 4,200 people.
In January-May 2008 the company produced 14.5 million running metres of fabrics. In monetary terms, the output totaled BYR 95.4 billion, or 14.5% up on the year.
Exports grew 19.6% to reach $18.4 million.