Valérius to invest €1.5M in Dielmar

 In Companies, News, Textiles

The Portuguese textile group Valérius is to Invest €1.5 million in the gentlemen’s suit and jacket manufacturer Dielmar.

According to the online business source Dinheiro Vivo, the priority is to modernise both equipment and the factory and get it ready for production by June or July with all former staff members who want to stay.
The factory is said to be currently producing 180 to 200 suits per day. “We want to duplicate production” said the President of Valérius, José Manuel Vilas Boas Ferreira.
The staff will this start a training course and there are apparently already contracts with Hugo Boss and three other big name fashion brands which will result in profits by 2023.
At the end of January the president of Castelo Branco Council, Leopoldo Rodrigues, announced that Valérius had reached an agreement to acquire Dielmar which has been a household name in the Portuguese textile sector for 55 years. The company had filed for bankruptcy in August leaving the future of around 200 workers very much in doubt.
Dielmar used a selection of high quality materials and fabrics, mostly imported from Italy, in its garment manufacturing, including cashmere, silk, wool and cotton, working with suppliers such as Cerruti, Marzotto, Ermeegildo Zegna Loro Piana and Dormueil.