Italian textile company invests in the renovation of its 3 Bulgarian factories

The Italian textile manufacturer E.Miroglio announced its plans to renovate the three company factories in Bulgaria, located in Sliven, Yambol and Svishtov. The Miroglio textile companies export their production to 65 countries. The factories' output is sold to more than six thousand customers.

The major project will be completed until the end of 2014. The required investment amounts to over 28 million euro (55 million lv), part of which will be provided by European programmes.

The renovation includes the replacement of old and amortized equipment which will lead to an increase of the product range, company owner E.Miroglio explained at an official presentation of the investment.

The project also involves the construction of a new facility for the production of fabrics. In the plant an innovative technology which had not been used in Bulgaria so far would be deployed, Miroglio noted.

"By the end of this year we plan to reach a turnover of 240 million lv, and in 2015 we hope to earn some 264 million lv", E.Miroglio stated. Since 2012 until now the Italian company has increased its staff in the country by 300 people. Currently, the three factories in Bulgaria employ a total of 2,300 people.

Source : TLL