May 3rd 2024
Companies

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COTTONANSWER TOPS 23 MILLION EUROS IN 2023

Cottonanswer, a company specialising in the manufacture of underwear, registered a turnover of over 23 million euros last year. Continued investment ‘in organisational and technological terms’ contributed to the figures.

António Santos, managing director, adds that ‘these investments have also been sustained by funding lines, namely PT2020 and PRR’. And more specifically, the ‘World Expansion Through Distruptive Design Products’ production innovation project.

‘It has allowed [the company] to improve in terms of product and process innovation, reinforcing its capacity for differentiation based on high quality parameters. It closed with a 100 per cent realization rate,’ he says in an interview with Compete 2030.

The project’s activities ranged from product design (laboratory and co-creation of samples), through dyeing (jets), finishing (ramula), internal logistics (distribution of chemical products), sustainability (water management and energy rationalization), digitalization (cutting and dressing), to worker qualification.

At the moment, Cottonanswer is preparing an application for Productive Innovation 2030, with the support of IAPMEI, thus starting a new investment cycle.

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