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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

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

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X