The government of Belarus plans to invest up to US$50m this year in the further expansion and development of Kamvol, one of the largest producers of pure wool and wool blend fabrics in the former Soviet Union.
Nikolai Yefimchik, chairman of Belarusian textile monopoly Bellegprom, said that during Soviet times the company produced almost 22m linear metres of fabrics annually. However, in recent years production volumes have significantly declined.
But since 2015 the government has invested US$110m in Kamvol, which has turned it into one of the most advanced companies in the CIS region.
Several months ago Kamvol signed an agreement with Turkey’s Zen Led on the exclusive distribution of its products in foreign markets.
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