Shima Seiki
Fimast

Free membership

Receive our weekly Newsletter
and set tailored daily news alerts.

Warp Knitting/​Crochet

Cifra expects 31% turnover increase in 2021

Lombardy based Warp Knit Seamless producer pushes sustainability.

27th July 2021

Knitting Industry
 |  Milan

Intimate Apparel, Sports/​Activewear

Cifra SpA, the Lombardy, Italy based company which specialises in hi-tech knitted garments, has closed the first half of 2021 with a 29% increase in turnover, compared to the same period in 2020 (from EUR 4.7 million to EUR 6.1 million), with an order book which indicates an increase in turnover of 31% by the end of the year.

The company, which attributes 25% of its turnover to Italy and 75% abroad, says it experienced quite good stability throughout the pandemic.

I am optimistic and foresee that a rebound from these first six months will allow for complete recovery of the pre-Covid numbers by the end of 2021

“Despite the physiological decline in turnover due to the various lockdowns and consequent drops in consumption on a global scale, financial flow was satisfactory thanks to innovation increasingly oriented towards eco-sustainable products, and to the endurance of the sport-outdoor sector, in part also due to the production of anti-viral items,” said Cesare Citterio, CEO of Cifra. “I am optimistic and foresee that a rebound from these first six months will allow for complete recovery of the pre-Covid numbers by the end of 2021.”

© Cifra SpA

Currently, eco-sustainable products account for about 30% of total turnover at Cifra, an increase of more than 200% over last year. The eco-sustainable offering is vast, says Cifra, and is expanding in various directions, including using recycled raw materials  such as Econyl, Renycle, and Qnova, as well as biodegradable yarns like Amni-soul eco, and natural products such as Merino wool and Tencel.

https://www.wks-cifra.com

Latest Reports

Business intelligence for the fibre, textiles and apparel industries: technologies, innovations, markets, investments, trade policy, sourcing, strategy...

Find out more