El Masnou - Troubled elastic fabric
manufacturer Dogi has said it is confident that it will finally exit the insolvency
process by March 2010.
The Spanish unit of Dogi Group, which makes
stretch fabrics and specialises in lingerie, swimwear and sportswear, applied
for a voluntary insolvency process in June, hurt by a slowdown in the industry
and the current international financial downturn. Originally the company hoped
to emerge as a viable business in December 2009 but work on the restructuring
programme has taken longer than it first thought.
?The company is currently reaching an
agreement with the majority of its creditors,? confirmed Sergi Domenech, Dogi?s marketing director.
