Bronka Group to invest in Russian spinning plant
Russian financial and investment holding Bronka Group is considering investing RUB1.5bn (US$18.9m) in developing its Kirov spinning plant in a move to turn it into the largest producer of yarn in northwest Russia.
Most of the funds will be used to modernise the manufacturing facilities to increase output.
For the full story, see the January 2021 edition of Textiles Eastern Europe.