Home / Knowledge / News / Textiles / Senegal's SODEFITEX plans diversification of activities
Senegal's SODEFITEX plans diversification of activities
May '14
Textile Fibres Development Corporation of Senegal (SODEFITEX) has announced that it has engaged in a process of diversification of its activities and has developed a strategic plan ‘SODEFIX 2020’, Senegalese Press Agency APS reported.
SODEFITEX CEO Ahmed Bachir Diop said they cannot just settle being a cotton company, and have developed a strategic plan with guidelines that will expand other agricultural crops in the country.
The strategic plan was unveiled at SODEFITEX’s headquarters in Dakar during a ceremony to mark 40 years of the company’s existence, since it was established by the Senegalese Government in March 1974.
SODEFITEX decided to diversify because the price of cotton is subject to volatility, which cannot be controlled. If everything is invested in cotton, there may arise enormous difficulties, Mr. Diop said.
Hence, SODEFITEX has decided to work on other crops, along with growing cotton, while working with farmers. The plan is based on consolidating the strengths and reducing the risks associated with growing only cotton, said Mr. Diop.
The strategic plan for 2014-20 also stresses on enhancing the quality of cotton fibre through investing in research.
Lamine Lô, Chief of Staff of the Minister of Agriculture, said the diversification of SODEFITEX would enable job creation and distribution of higher income.
However, Moussa Sabaly, president of the National Federation of Cotton Producers, warned that the diversification plan could result in risk diversification.
In 1992, Senegal produced a record cotton output of 50,000 tons, but production declined thereafter.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Suresh Patel
Sidwin Fabric

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sonam & Paras Modi

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search