Italians to set up new linen spinning mill in Lithuania
Published:
26 November 2000 y., Sunday
Italy's Linificio e Canapificio Nazionale, a leading linen yarn manufacturer in Europe, has decided to set up a new linen spinning mill in Kaunas, Lithuania's second-biggest city. Linificio e Canapificio Nazionale is a company of the Italian Marzotto Group, which acquired the Kaunas-based textile factory Liteksas last spring. The new mill, which will operate under the name "Lietlinen", is to be set up on the Liteksas territory.
Linificio e Canapificio Nazionale, which has a 25 percent share of the European linen yarn market, is planning to launch production in the new mill at the end of 2001. The Italians intend to invest some 40 million litas (USD 10 mln) in Lithuania within two years.
Šaltinis:
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