Pasmatex opens new production facility

Timisoara-based textile and haberdashery manufacturer Pasmatex, has announced it will open a new production facility in Periam, Timis-county. “Investment in the new facility amounts to some 50,000 euros. This production facility will make ready-to-wear articles,” stated Maria Grapini, general manager of Pasmatex. This year Pasmatex moved production from Timisoara city centre to a location near the industrial and technological park in the city. “Besides inaugurating a representative office in Bucharest this summer, over the past year we have opened a specialised store in Baia Mare, which we intend to buy and our own ready-to-wear store in Timisoara,” added Grapini. The company posted a turnover worth 3.6 million euros in the first nine months of the year, an 11.2% increase against the same time last year. Grapini estimates that by the end of the year, the group will witness over 5 million euros in turnover.