Vicunha Textil invests in factory expansion in Argentina

Indigo and brine manufacturer Vicunha Textil announced the expansion of the San Juan plant in Argentina. The company invests 220 million pesos (approximately R$ 35 million) in the purchase of land and machinery to expand the current structure, which will contemplate the process of indigo dyeing. The government supported the venture through the credit line provided to the private sector, in conjunction with Banco San Juan.

The company’s factory, which participates of Texbrasil – Brazilian Textile and Fashion Industry Internationalization Program, the result of a partnership between Abit and Apex-Brasil (Brazilian Trade and Investment Promotion Agency) – will add to its current structure 3,300 square meters with the purchase of two lots nearby. In addition, the textile invested in the acquisition of modern machinery imported from Italy, capable of dyeing a million meters per month.

To operate the machine, which will be the most modern of the group and is expected to start operating in February 2018, the company will hire and train 50 new employees. Currently, the unit has 377 employees and produces about 950 thousand meters of fabric, marketed in the country.

The Director of Operations of Vicunha Argentina, Pablo Jedwabny, reinforced the interest in continuing the new hires. “We are seeking with the government and Banco San Juan a line of financing to expand our workforce to 50 more people,” he said.

The governor of San Juan, Sergio Unac, on a visit to the factory of Vicunha, said he was pleased to see the company’s commitment to expand production and partnership between public and private power. “I think this is the way, that the state provide subsidies to allow the growth of industrial production and the generation of new jobs in the region,” he says.

“Our plant in Argentina has a strategic role for expansion in South America. We have invested continuously in the foreign market, which today represents a significant volume of our net revenue,” said Vicunha Têxtil’s president, Ricardo Steinbruch.

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