Home / Knowledge / News / Textiles / Turkish company ranked top garment exporter of Ethiopia
Turkish company ranked top garment exporter of Ethiopia
24
Sep '14
Image courtesy: EBC
Image courtesy: EBC
Ayka Addis Textile & Investment Group, a Turkish textile company, has been declared the top textile and garment export performer in Ethiopia for the year 2013-14 by Ethiopian Textile Industry Development Institute (TIDI), Ethiopian Radio and Television Agency reported.

The communications director of TIDI, Bantihun Gessesse said that Ayka Addis Textile & Investment Group contributed around US$ 63 million, out of the US$ 111.45 million textile exports revenue in Ethiopia.

He said that Germany was the top importer of Ethiopian textile products, followed by Turkey, China, Italy and US.

He added that 2013-14 total export revenue of US$ 111.45 million represented 31.8 percent of the national US$ 350 million target for total textile exports.

He said the target was not achieved because of the shortages and low-quality cotton supplies, leadership capacity limitations, low productivity, delays in the construction of projects, and shortages of electricity.

Established in 2010, Ayka Addis Group, a vertically integrated subsidiary of Ayka Addis Textile & Investment Group, was established in Alemgena, Ethiopia. The company has created more than 10,000 jobs and now has the capacity to export textile products worth US$ 100 million.

The Ayka Addis Textile & Investment Group is one of the leading textile manufacturers from Turkey. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Dharmendra Shah
Ozone PB Spintex Limited

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

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

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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