Lithuanian textiles producer closes Jonava branch and production in Uzbekistan

Lithuania's Kaunas-based textiles producer Omniteksas opened its two branches in Ukmerge and Jonava in search of seamstresses. But the latter is being closed, and the company is also closing its production facility in Uzbekistan, the Verslo Zinios business daily writes.

2018 was the first year Omniteksas incurred losses, standing at 0.17 million euros, from a net profit of 0.27 million euros in 2017. Sales dropped 17 percent to 11 million euros.

Omniteksas estimates a turnover of around 12.9 million euros this year and has even more ambitious plans for 2020 when it expects sales to reach 15 million euros, the Verzlo Zinios writes.