Home / Knowledge / News / Textiles / Mulungushi textiles to reopen after 7 years
Mulungushi textiles to reopen after 7 years
28
Jul '16
Seven years after it went defunct, Zambia's Mulungushi textiles is set to reopen on August 1 following infusion of $10 million by a Tanzanian Textile mill, that has acquired the company on lease for 12 years.

The announcement about the revival of the textile company was made by President Lungu at an election rally in Kawbe July 24. The defunct Zambia-China Mulungushi Textiles signed a 12-year lease agreement with Mohammed Enterprises Tanzania Limited (MeTL) on July 20 aimed at reviving the operations of the defunct textile factory.

Labour and industry unions have welcomed the move which is expected to create 2,000 jobs immediately and provide an impetus to the local industry up and down the value chain, media reports said.

Former Zambia Congress of Trade Unions (ZCTU) president Leonard Hikaumba told Lusaka Times that revamping the textile giant was vital to Zambia's development agenda as it would result in job opportunities and provide a market for local cotton producers.

“The recapitalisation of the company will result in ripple effects such as supporting agriculture and creating employment opportunities for Zambians,” he said.

The move would also broaden Government's revenue sources and provide the Zambian economy with an additional viable source of revenue in the face of unstable and declining copper prices.

Increased availability of the locally-produced clothing would provide people access to quality and durable clothing the lack of which had led to the growth of second-hand clothing industry in the African nation.

“People had resorted to buying second-hand clothing because the new clothes are imported and expensive,” he said observing that with the re-opening of Mulungushi Textiles, consumers would be able to buy cheap and durable clothing that is locally produced.

Echoing him, The Zambia Cotton Ginners Association (ZCGA) said the revival of the textile firm would promote value-addition to raw lint.

“We have always supported initiatives aimed at adding value to our lint which is being exported in its raw form,” ZCGA executive secretary Bourne Chooka said adding that it was long overdue.” (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search