Home / Knowledge / News / Textiles / Ethiopian textile sector to import chemicals duty-free
Ethiopian textile sector to import chemicals duty-free
05
May '12
The Ethiopian Government has allowed three overseas companies to supply chemicals to the local textile industry duty-free.

The companies are CHT-Bazema Group and Textile Colour AG, both Swiss companies, and Rose Chemicals, a Turkish firm that already owns a share in Ayka Addis Textile Factory.

The Government's step follows a complaint by local textile industry that they are unable to import chemicals as per their requirements, as foreign companies offer chemicals at lower prices only with bulk purchases.

The Government has offered duty-free privileges to the three companies on an assurance that they will establish their factories in Ethiopia within the next five years.

The three companies will supply basic and finished chemicals to all 88 medium and large-scale textile industries in Ethiopia, as per their requirements. While seven of these textile units are currently in an expansion phase, 11 new factories are likely to be added during the fiscal year 2012-13.

Only two chemicals – sulphuric acid and caustic soda – are available locally in Ethiopia and over 15 other chemicals are imported by the domestic textile industry.

However, it will not be compulsory for the textile factories in Ethiopia to make their purchases from the three companies, which are expected to open warehouses and start their businesses in Ethiopia during the current fiscal year itself.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ashok Desai
Bombay Textile Research Association

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Prathyusha Garimella
Prathyusha Garimella

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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