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Mileta a.s.
In April 2007, Alok acquired 60% of the equity of Mileta a.s, a ‘top of the line’ integrated textile entity situated in the Czech Republic; subsequently, Alok has raised its stake in the company to 79.80%. Mileta is one of the premium textile enterprises in Europe, manufacturing handkerchiefs, shirting fabrics, table linen, bed linen and other premium products. Mileta exports most of its production to Europe, North and South America, Africa, Middle East, Far East and Australia.

The Mileta acquisition brings significant synergies to both entities. While Alok has access to Mileta’s premium-product technology and penetrates deeper into high-end European markets, Mileta now has a strong support base and easy access to India.

Mileta’s brands – Mileta, Erba, Cottonova, Lord Nelson and Wall Street – have high recall. Alok has launched some of these brands – Erba (for handkerchiefs) and Lord Nelson (for premium shirting) – in the Indian market. Cottonova bed linen is now also being manufactured in Alok’s plants and being exported.

Mileta’s plant in the Czech Republic has been modernised by installing 40 new Picanol airjet looms.

Website: www.mileta.cz