Home / Knowledge / News / Textiles / Turkish dyes producer Eksoy sets up warehouse in Ethiopia
Turkish dyes producer Eksoy sets up warehouse in Ethiopia
08
Sep '14
Eksoy Chemical Industries Ltd, Turkish chemicals producer is the second dyes and chemical supplier to empanel for a bonded warehouse scheme to supply these products to the Ethiopian textile sector.

This scheme which was initiated by the Ethiopian government three years back, is available for chemical manufacturers outside Ethiopia, a report from Addis Fortune said.

The dyes and chemicals are stored in a bonded warehouse and as when Eksoy receives an order, these products will be sold on payment of customs duty.

Under the scheme, Eksoy gets a period of between 2-5 years to test market its products, after which it sets up a production plant or leaves the country.

The first company to sign up for the program was Switzerland based Bezema Dyestuffs & Chemicals, a Swiss based company in September 2012.

Eksoy has met all the requirements to be licensed by the Ethiopian Revenue & Customs Authority (ERCA), which is basically the last requirement to begin distribution.

It has renovated a 1,000 sq. meters warehouse leased around Kality, as per specifications of ERCA, which too has a stake in the products stored in the warehouses. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

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

Kerem Durdag
Biovation II LLC

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

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

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
January 2017

January 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