Second life for old clothing in Bulgaria

A German entrepreneur has received funding of almost BGN2m (US$1.1m) for a sorting centre for used textiles near Plovdiv, Bulgaria.

This month, Rainer Sigmund’s La Fiesta second-hand clothing chain, in partnership with equity fund Black Peak Capital, will begin construction of a sorting plant for used textiles, which will be located in the Maritza industrial area of Plovdiv.

The investment in the building is around €1.5m with a further €1m in new sorting machinery. The new plant, which will process more than 1,000 tonnes of used clothing and textiles a month, will employ 120-150 people and is expected to be completed by the end of the year.

For the full story, see the March 2016 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE