History

Founded in 1954, DOGI is a Catalan textile company and a European leader in the manufacture of elastic fabric with a high added value for the upper range of the intimate apparel and swimwear sectors. DOGI has also begun to produce elastic fabric for sportswear, with the purpose of diversifying its production line for new market opportunities.

Within the textile industry, elastic fabric is a product with a high added value.  Production represents 5% of the total sector, as, contrary to the case of the production of basic or commodity fabric, elastic fabric has a high growth market niche. However, substantial technological and financial investment is required, and this factor deters new manufacturers from entering the market.

88% of DOGI's sales come from the knitting and dyeing of this type of textile fibre for intimate feminine apparel and swimwear items.  The remaining 12% of sales are the result of commodity fabrics, which are more basic fibres that are used in the manufacture of bathing suits, clothing and sportswear.

DOGI International Fabrics’s main fibre (elastic and polyamide) suppliers are: Invista, Advansa, Nylstar, Nurel and Sniace.

The leading international groups, Victoria Secret, Sara Lee, Vanity Fair, M&S and Triumph, stand out among DOGI's clients, as do other large, specialised clients, who operate on an international level.

In January 1998, DOGI began trading on the Spanish stock market. It was the most profitable public sale of the year, with earnings of 139.21%. Since floating on the capital markets, DOGI International Fabrics’s figures for billing, net profits and exports have increased to the extent that today, it has become one of the stock market shares with the highest greatest revaluation potential, according to analysts.

In December 1999, DOGI entered the NAFTA area (USA, Mexico and Canada) by acquiring the Mexican company, Textiles ATA, through which DOGI supplies its products to the North American market.

In April 2001, DOGI acquired four factories from the Sara Lee Corporation's elastic fabric manufacturing division, Courtaulds International Fabrics. One of these is in Europe and the other three are in Asia. From a strategic point of view, this acquisition means a strengthening of DOGI's leadership in the European market and a solid entry into the Asian Pacific market, a trading area that offers enormous possibilities for expansion and growth in the elastic fabric sector over the next few years.

DOGI is a European leader in terms of sales of elastic fabric, with 73% of the company's sales being made in this area. The NAFTA zone (USA, Mexico and Canada) covers 18% of sales, while Asian markets make up the remaining 9%.

The new company, DOGI International Fabrics, will make 56% of its sales in Europe, 31% in Asia and 13% in the NAFTA zone.

66% of DOGI's total sales are made outside the Spanish market. Net sales in the NAFTA zone amount to 4,123 million pesetas, some 19% of the company's turnover, while sales in Asia come to 2,240 million pesetas, approximately 10% of DOGI's turnover. These figures show that 29% of DOGI's total net sales come from the NAFTA zone and Asia.

The integration of DOGI and Courtaulds International Fabrics also entails significant complementary elements in terms of the production and marketing of elastic fibre with added value. The intimate fashion market will represent 80% of the new DOGI International Fabrics's sales, while swimwear and sportswear will account for 17% and 3% respectively.