Turkey's Unteks opens 4-bln-ruble knit fabric factory in Ivanovo Region

VORONEZH. June 21 (Interfax) - Unteks Rodniki LLC, a division of Turkey's Unteks Group, has opened a factory in Ivanovo Region to produce and dye unprocessed knit fabric at an estimated cost of about 4 billion rubles, the regional government's press service reported.

The company plans to produce up to 60 tonnes of finished product at the factory per day. The factory already employs 119 people and once it reaches full capacity it will create 500 new jobs.

"The largest complex in the country launched at one time for production of knit fabric has opened. For us, this is foremost jobs and incomes for people. With its launch, three quarters of the country's knit fabric made in Russia is now produced in Ivanovo Region," Governor Stanislav Voskresensky was quoted as saying in the statement.

In 2021, more than 80% of the country's needs were covered by imported knit fabric, the press service said. The Unteks Rodniki project is expected to increase Russian production of knit fabric by a third and reduce the country's dependence on imports.

Unteks Rodniki owner Abdulkerim Unver told Interfax that the factory is expected to reach design capacity of 11,700 tonnes of fabric per year in its third year of operation. The company will ship its finished product to Russia's regions.