Mining Company Will Set Up Textile Manufacturing Plant in Espírito Santo, Creating 235 Direct Jobs

VDM Textile Trading, Specialist in Fabric Manufacturing, Announced It Will Invest R$ 62.6 Million in a Textile Transformation Industry in Espírito Santo

During a meeting with the governor of ES, Renatto Casagrande, this Wednesday (9th), the company specialized in fabric production VDM Textile Trading announced that it plans to install a textile transformation industry in Espírito Santo. The new industry is expected to be located in Apiacá, in the Central South microregion of the state. In addition to generating numerous jobs, the textile transformation industry is set to receive investments totaling R$ 62.6 million. The estimate is that construction will begin in the first half of this year.

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Understand How the Project Division of VDM Textile Trading in Espírito Santo Will Be Made

The new textile transformation industry, which promises to generate numerous jobs in the region, will operate in production, weaving, spinning, and finishing of fabrics. Based in the city of Muriaé (MG), the group currently operates in the state of Minas Gerais and has clients in the states of Pernambuco, Rio de Janeiro, and Espírito Santo.

VDM Textile Trading’s textile transformation industry will be constructed on an area of 40,000 square meters, located in the textile district in Apiacá, creating 235 direct jobs for the local population.

The operation will also feature high-tech equipment to be imported from Switzerland. The company’s project will undergo the following stages: installation of the warehouse, production of textile fibers, finishing of dyed and processed fabric, and production of raw fabric.

Government of Espírito Santo Celebrates the Arrival of the Textile Transformation Industry in the State

VDM Textile Trading presented the expansion project with the construction of its first factory in the state, having utilized the Espírito Santo Investment Incentive Program (Invest-ES), which offers tax incentives for the expansion, updating, and diversification of businesses in the state.

Casagrande stated that the South has always needed more industries like this, as the North region has Sudene incentives, which generates more investments. However, in recent years, the government of Espírito Santo has been successfully attracting essential companies to the local market.

Owner of VDM Highlights the Main Reasons for Choosing ES for the Construction of the Textile Transformation Industry

Rui Vale de Matos, owner of VDM Textile Trading, emphasized that the reason for installing the factory in ES is the incentives from Invest-ES, in addition to being a more organized and modern state, with benefits such as accessible credit lines through the ES Development Bank (Bandes). Matos stated that the textile industry is the one that generates the most jobs in Brazil.

The state has shown that it is strong, modern, and organized, which is why the company decided to install its unit with the intention of developing a textile hub in Apiacá and inviting other companies to invest in the state. The company is taking advantage of 2022, an excellent year for the industry, to build and expand its business using cutting-edge technology, and highlights that it expects to create many jobs by the end of the year.