Peruvian CONASEV company invests in spinning equipment

Peruvian Business News reported that in response to the implementation of the Free Trade Agreement between Peru and the United States, as of the first half of 2007, the Peruvian CONASEV company had invested US$15 million in building a new temperature-controlled factory and a new generation of textiles in Piura Province in northern Peru. yarn equipment, increasing production capacity by 40%. In 2008, CONASEV invested another US$19.5 million in preparation for the market recovery, including the construction of new factories and investment in new equipment of 17,454 ingots. The annual worsted spinning output will increase by 720 tons.