Textil del Valle buys land for later expansion

Textil del Valle, a Peruvian company whose principal clients include Lacoste, Ralph Lauren, Nautica and Tommy Hilfiger, has acquired land measuring 60,000 square metres alongside its plant in Chincha. The aim is to expand production areas such as stitching; many areas are at 95% capacity but expansion will be taken slowly in the light of US economic deceleration and the recent spending of US$5mil by Textil del Valle on modernising production processes ahead of the introduction of the free trade treaty between the US and Peru. Having exported US$39mil-plus in 2007, the firm is looking for double-figures growth in 2008.

Publication: SABI - Business News
Provider: South American Business Information
Date: February 25, 2008