A cooperation agreement was signed between Kaluga Region Government and Bosco di Ciliegi Group in Kaluga Region Government Representative Office in Moscow on December 21, 2016. The agreement provides for implementation of an investment project envisaging the construction of Bosco Clothes Factory production facility in Kaluga Region.  It was signed by Anatoly Artamonov, Kaluga Region Governor, and Mikhail Kusnirovich, CEO, Bosco di Ciliegi. The ceremony was attended by Victor Evtukhov, State Secretary, Deputy Minister of Industry and Trade of the Russian Federation.

The parties have reached a preliminary agreement to build a clothes factory in Kaluga South industrial park. The relevant land plot has an area of 9.7 га.

Over RUR 1 billion is to be invested in the project. The factory is to reach its design capacity in less than three years. Design and FEED stages are to be completed during the first year followed by construction, equipment installation and startup. The factory is to reach its design capacity in 2019. The factory is to employ about 900 qualified specialists.

Bosco Clothes Factory having a production area of 12,000 m2 will have a total annual output  of 3,624,000 textile products and 115,200 high-quality outer garments (16-hour working day).  The factory will mainly produce T-shirts, polos,  sport wear, windbreakers, jackets and parkas.

Mikhail Kusnirovich said that Bosco Group planed to expand its production facilities in Russia. For instance they plan to produce luxury products at their Russian factories. He said: “We hope that Kaluga Region will become our development territory”.   

The ability to take decisions rapidly and instantly implement them – from collection design to production – is a competitive advantage.  The engagement of highly qualified personnel will ensure rapid design, testing and production of collections.  The factory will have a modern laboratory to control the quality of products, materials and accessories. The production facility will have a capacity to produce world standard garments for sports teams, personnel and volunteers for major sports events and championships.  Bosco also plans to produce uniforms for children camps in Kaluga. 

21.12.2016

Investment digest

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