Brazilian denim giant marches into Argentina

Brazil VICUNHA Textile Co., Ltd. is a denim giant, the company will invest about 40 million U.S. dollars in Argentina to acquire a new production plant. The investment includes the acquisition and updating of machinery and equipment, as well as the finishing of spinning and weaving facilities. The company's goal is to increase its monthly output to 2 million meters. The new plant will create at least 400 direct new job opportunities and about 1,500 indirect job opportunities. The acquisition of an Argentine factory will also help stabilize the overall South American economy. Together with the company's existing three plants, two in northeastern Brazil and one in Ecuador, VICUNHA now ranks second in the world's largest denim and twill manufacturer list, thus further consolidating the company's position in The world's denim market position. Company affiliated 5 factories, each factory 24 hours a day 7 days operation. Thomas Dislich, president of the company's European brand VICUNHA EUROPE, explained that the agreement was signed in February. In the recent 5 months, the Argentine group handed over its production to Brazil. Now that the transaction is complete, the plant has become a 100% subsidiary of Vicunha Brastex with a division of weaving, dyeing and finishing operations.

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