Home / Knowledge / News / Textiles / Saygin eyes US$100mn revenue from Ethiopian subsidiary
Saygin eyes US$100mn revenue from Ethiopian subsidiary
12
Jun '12

Saygin Dima Textile SC, the Ethiopian subsidiary of Saygin Group, is planning to earn revenue of US$ 100 million per annum fom textile production.

The Saygin Group commenced operations at its Ethiopian unit only about three months ago. The company now plans to produce 50,000 metres of fabric per day, all meant for exports.
 
The Ethiopian Privatization and Public Enterprises Supervising Agency holds a 60 percent stake in the US$ 80 million Saygin plant, which employs 800 people.
 
Saygin’s Ethiopian manufacturing unit has facilities for spinning, weaving and dyeing natural and synthetic fibres. 
 
The Turkish company benefits from the low power costs and wages in Ethiopia. In addition, textiles produced in Ethiopia enjoy duty-free access to the US market, which also goes in favour of Saygin.
 
During the first ten months of the current Ethiopian financial year, Ethiopia exported textiles worth US$ 71 million, showing a 50 percent rise compared to the corresponding period of previous fiscal, according to the Textile Industry Development Institute (TIDI).
 

Fibre2fashion Newsdesk - India


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

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

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 ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
July 2017

July 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