New knitwear plant in Bulgaria

KNM Textile is investing €2.1m (US$2.3m) in the construction and equipping of a new textile plant for production of knitwear in of Pleven, Bulgaria.

Founded in 2011 by Manuel Agudo of Spain and Gregoire Ildaram of France, the company produces a range of knitwear and garments mainly for export, with main customers in France. It works with such brands as American Vintage, La Redoute, Armorlux and Armand Thiery.

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