Triumph lingerie boosts Pasmatex business

The four companies comprising Timisoara-based Pasmatex Group last year logged 157.6bn ROL (some 4.1 million euros) turnover, up 27.8% in ROL compared with 2002. If calculated in euros, turnover rose only five percent from 2002. “This development is the outcome of the over 20% increase in the exports of Pasmatex Conf International, which makes underwear for Austria’s Triumph International,” Maria Grapini, chairperson of the group’s Board of Directors said. She added the company had made more than seven million underwear items (compared to 5.5 million in 2002) and posted 56.1bn ROL turnover, 23% higher than in the previous year. Pasmatex Conf International’s output is completely exported. However, most of the group’s turnover, over 60% is derived from Pasmatex SA, which makes accessories for the textile industry (ribbons, strips, woven and printed labels), as well as women’s clothing branded as Mary’s Style. ZF