The decision on retooling and modernization at JSC “Mogotex” was made in 2006. The plant needed modernization to keep up with progress, remain competitive and diversify its stock. About €17 mln was spent for purchasing and mounting new Italian and Swiss equipment during two stages of the investment project implementation.
The third stage of the project to be implemented in 2012 – 2015 envisages purchasing equipment for the decoration factory, printing equipment, etc. About €6 mln will be provided for the purpose. It will promote increase in output, costs reduction and increase in the quality of products. As a result, Mogotex will be one of the most advanced textile enterprises in the world.