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NEWS

Lonati receives EUR 40 million order from Uzbekistan based socks company

www.knittingindustry.com
24 June 2016

Lonati, the world's leading manufacturer of socks machinery, has signed a EUR 40 million contract with Uztex, a leader in the production of socks and a company that claims to output 30% of Uzbekistan's textile production, for the supply of 1,024 machines.

The contract, signed in Zurich last month, is one of the largest orders in the history of the Brescia based textile machinery manufacturer. The delivery of the equipment is scheduled to take place at the end of 2016 and in the beginning of 2017. The deal also involves sock finishing lines manufactured by Tecnopea, the Lonati Group's company specializing in automated machines for ironing and packaging of socks.

"Being selected by a company like Uztex as a partner for their new project for the production of men's socks for the Russian market is a source of satisfaction and pride," said Ettore Lonati, President of the Brescia Group.  Read more here.