Chinese Textile Companies Interested in Setting Up Business in Bulgaria

Bulgaria has always been known for a strong textile industry with a relatively well developed infrastructure. In addition, the Black sea ports (Varna and Burgas) are extremely valuable entrances to imported textile produce to the European Union.

There is no wonder why Asian companies are now ready to set up shop in this country. According to media reports, Chinese companies are also willing to set up textile manufacturing units in Bulgaria.

Businessmen from Shaoxing have inspected various sites in Bulgaria’s Black Sea city of Burgas for the potential construction of a textile factory and a showroom, Fibre2fashion reports.

Burgas mayor Dimiter Nikolov said the city has high potential and it can serve as a big production centre for the Chinese textiles.

With a population of around five million, Shaoxing city located in Zhejiang province of China has a highly developed textiles industry, famous for manufacturing of socks, shawls and neckties.

Chinese textile entrepreneurs are currently exploring other countires for relocation of their manufacturing set up in view of the rising labour and production costs in the country, Fibre2fashion reminds.

Source: www.novinite.com