Home / Knowledge / News / Textiles / Sale of Mozambican Riopele Textiles nearly complete: IGEPE
Sale of Mozambican Riopele Textiles nearly complete: IGEPE
30
Aug '12
Mozambican state stakeholding company Instituto de Gestão das Participações do Estado (IGEPE), has announced that the process of selling shares of the bankrupt Riopele textile factory to a private investor is almost complete.
 
Speaking on the sidelines of the 16th IGEPE Advisory Council meeting in Maputo, IGEPE Head Apolinário Panguene said only a few bureaucratic issues are left to be sorted out before they can close a stake sale deal of the textile factory based in Marracuene district of the Mozambican capital. 
 
The IGEPE Chairperson said they are closing negotiations with a Portuguese group, who are interested in reviving manufacturing operations at the Riopele textile factory that has remained stagnated for a long time now.
 
The process of selling state’s stake in six other companies viz, Cegraf, Fábrica de Tintas da Beira, Graphic, Pintex Maputo, Tipografia Clássica Comercial da Beira and Lusalite, is also close to conclusion, the Chairperson informed.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Ashok Desai
Bombay Textile Research Association

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

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

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

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

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