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Turkish textile firm begins production in Ethiopia
25
Jan '14
MNS Manufacturing P.L.C, a Turkey-based textile company, has begun production of carpets, towels, polyester, and home textiles with an investment of more than 1.2 billion birr, The Ethiopian Herald reported.
 
The Turkish company is setting up textile production in three phases in Laga Tafo in the Oromia state, according to the report.
 
The first phase of the construction is completed and production has started, while the company is soon going to start construction of the remaining two phases.
 
The company is making effort to generate income from the Ethiopian factory in the quickest possible time, Nursel Aslan, project coordinator for MNS told the Ethiopian daily.
 
MNS has already employed 400 Ethiopians at the textile plant and it is expecting to create around 1,000 jobs in the first phase and by the end of second phase, the number of people employed in the textile factory is likely to go up to 1,200-1,500 workers.
 
Last year, several Turkish companies showed interest in setting up their production units in Ethiopia, after a proposal by the Ayka Addis Textile and Investment Group for establishing an industrial zone in the country was accepted by the Ministry of Industry.
 
The relocation of the Turkish companies is expected to create US$ 2 billion per annum in revenue and more than 60,000 job opportunities in Ethiopia.
 

Fibre2fashion News Desk - India

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