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<\/a><\/p>\nBy Elisa Anzolin<\/p>\n
VALVIGNA, Italy (Reuters) – Italy’s Prada is planning to spend 60 million euros ($66 million) on industrial capital investments this year, a large chunk of which will help double the size of its knitwear factory in Torgiano, in the central region of Umbria, the luxury group’s industrial director said on Thursday. <\/p>\n
Prada, in common with other luxury groups, is investing to enhance its production capacity and strengthen its grip on the supply chain. <\/p>\n
In order to do so, Prada is also looking at possible small acquisitions of manufacturers.<\/p>\n
“We have our targets,” Industrial Director Massimo Vian said, adding that an acquisition is less likely in the leather sector, where the group is already well placed.<\/p>\n
However most of investments will be absorbed by the expansion and improvement of the plants they already have and the acquisition of new technologies. <\/p>\n
Prada said last month it aimed to hire more than 400 people in Italy by the end of the year to strengthen its production capacity and maintain growth.<\/p>\n
Around 10% of Prada clothing is produced in-house, a percentage that rises to around 30% in the case of leather goods and to around 50% in the case of footwear, Vian told journalists on Thursday. <\/p>\n
He was speaking at a press day at the group’s industrial headquarters in the Tuscan town of Valvigna.($1 = 0.9107 euros)<\/p>\n
\n(Reporting by Elisa Anzolin; Editing by Keith Weir)<\/p>\n
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