Valencia: regional government to invest EUR 200 - sportstextiles: Lea SportsTextiles

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Valencia: regional government to invest EUR 200 million in textiles

13/10/2009

The regional government of Valencia in Spain has announced a plan to invest EUR 200 million.

Of this money, EUR 50 million will become available for investment in new technology, while the other EUR 150 million will be used as a credit facility for textile manufacturers in the region.

There are 1,800 textile companies in the Valencia region, employing collectively 70,000 people.



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