Business news

7 Jun 2018

Baranovichi textile company makes first shipments to United States, Hungary

BREST, 7 June (BelTA) - Baranovichi Cotton Production Amalgamation has shipped the first batches of textile products to the United States and Hungary, Irina Olekhnovich, the head of the foreign economic relations department of the company, told BelTA.

This year, Baranovichi Cotton Production Amalgamation has branched out into two new markets. The company has shipped two batches of linen fabrics to Hungary and satin bed linen sets of specific sizes to the United States. “So far the orders have been small but we continue working,” said Irina Olekhnovich.

The company has been ramping up supplies to the markets of Serbia and Romania that the company entered last year. “We signed a dealership contract with a Serbian firm to supply textiles. We started from a $50,000 contract to supply dining fabric, fabrics for bed linen. They have individual orders, requests to execute a specific (exclusive) pattern on fabric,” she noted. Furthermore, the company is now working on a distributorship agreement with a company from Moldova which supplies goods to the Romanian market. “We have made the first shipments of garments to the retail networks in these countries,” Irina Olekhnovich noted.

“We now pay special attention to the Polish market. We have executed several orders and would like to explore this market further,” she informed.

This year Baranovichi Cotton Production Amalgamation has sent textiles to 12 countries: Brazil, Hungary, Kazakhstan, Latvia, Lithuania, Moldova, Russia, Serbia, Turkmenistan, Ukraine, United States, and Finland. In January-May, the exports exceeded $8 million, which was 23% over the same period last year. The company operates 14 representative offices abroad, two warehouses in Ivanovo and Moscow, and three stores in Tbilisi, Moscow and Krasnodar.