Home / Knowledge / News / Apparel/Garments / Chinese firm to set up $15mn garment factory in Ethiopia
Chinese firm to set up $15mn garment factory in Ethiopia
10
Mar '15
L-R: Wei Chang Jun & Mulatu Tehsome (ENA)
L-R: Wei Chang Jun & Mulatu Tehsome (ENA)
China-based Shaoxing Mina Textile Company will invest US$ 15 million to set up a textile and garment factory in Ethiopia’s Oromia state.

This was disclosed after Wei Chang Jun, CEO of Mina Textile, met Ethiopian President Mulatu Teshome in Addis Ababa earlier this month, Ethiopian News Agency reported.

The new textile and garment factory will come up in Sebeta town and would employ about 5,000 people when fully operational. The factory will export its products to the US, the EU, Turkey, Thailand and some African countries.

During the meeting, President Teshome said Ethiopian government has been giving special attention to supporting investors in the manufacturing sector. He said the Sebeta railway and the planned expressway connecting the town with Addis Ababa would further spur investment.

Teshome cited favourable investment atmosphere, low labour cost, ready market and advantageous geographical location as some of the reasons for making investment in Ethiopia.

Chang Jun said his company would soon complete the ongoing expansion of a dyeing and printing factory on five hectares of land, as 95 per cent of the necessary equipment has already been imported from South Korea and Italy.

In recent months, several textile and garment companies, including from Bangladesh, India and Italy, have announced setting up of their manufacturing units in Ethiopia. (RKS)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search