Towellers signs deal with Greek textiles group
-- Home & Textiles Today, 11/6/2008 2:40:00 PM
Karachi, Pakistan – Home textiles manufacturer Towellers Limited has signed a joint venture with Greek towels and textiles manufacturer, M/s Moutalaski/J. Sakaladis Group for transfer of technology and equipment.
“The relationship will offer us to next level of business growth beyond the two companies,” said S.M. Obaid, ceo and managing director of 35-year-old Towellers. “By venturing in this relationship we will roll out customized jacquard hotel towels in a push to expand our customer base, top line growth and increase profitability.”
The transfer of equipment and the start of production will be take place within the next quarter. Toweller’s entire production will be made available to the 55-year-old Greek company for sale in Greece. Towellers will also supply customers in other parts of the world.
The relationship covers jacquard towels, hotel towels, sheets and table linens.