Home / Knowledge / News / Textiles / Ghanaian govt to revive Volta Star textile mill
Ghanaian govt to revive Volta Star textile mill
23
Aug '13
Mr. Haruna Iddrisu
Mr. Haruna Iddrisu
The Government of Ghana will revive the Volta Star Textiles Limited (VSTL) in Juapong township of the country’s Volta region.
 
Inaugurating the nine-member Board of VSTL, Mr. Haruna Iddrisu, Minister of Trade and Industry, said the Government has put in place an efficient management structure, which would work closely with the management of VSTL to revive the textile mill.
 
Mr. Iddrisu urged the members of the Board to implement strategic plans to increase the efficiency of the textile mill by garnering investment from the private sector to achieve full capacity production.
 
The Minister said VSTL has potential to create employment for youth in the region, earn foreign exchange, and also promote Made-in-Ghana products.
 
VSTL was shutdown in 2005, owing to financial difficulties, and was revamped by the Government in 2007. The company injected GH¢300 million into its operations with the help of the Export Development and Investment Fund. 
 
Mr. Evans Agyagbo, Acting Technical Director of VSTL, said the textile mill is currently operating at 25 percent of its production capacity, and hoped that the company would soon attain 75 percent capacity.
 
At full capacity, working for 24 hours a day, the VSTL plant at Juapong is capable of turning out 65,000 yards of grey baft in a day, or 26 million yards in a year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Dharmendra Shah
Ozone PB Spintex Limited

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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:
March 2017

March 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