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Ethiopian textile firm to export products to Europe & US
21
Jan '15
Etur Textile, one of the largest textile factories operating in Ethiopia, located in Addis Ababa, is set to export its products to markets in Europe and US, according to Ethiopian media reports.

According to Adil Basoglu, board member and executive director of Etur, the factory has fully embarked on production and it will soon start export into the larger overseas markets.

Basoglu said the textile factory aims at becoming the biggest exporter in the country, and has plans to become more productive and help out the country achieve its objective in the sector.

With more than 800 employees, the factory has stepped up its production to start export in full capacity.

Basoglu said the high turnover of employees is forcing the company to bring in untrained labour which is aggravating work-related accidents inside the main production units.

He also said that dust blowing up from the gravel road adjacent to the factory has also been affecting business in the production unit.

Currently there are 110 textile companies in Ethiopia, of which Turkish, Chinese, and Indians are major contributors for the textile and garment export which has reportedly grown by 28 per cent year-on-year from 2012 to 2013.

Under the five years Growth and Transformation Plan, currently on its final year, Ethiopia aims to earn US$ 1 billion from textile market.

In the last five months of 2014, Ethiopia imported more than 3,000 tons of cotton to meet the demand of domestic textile industry as a short-term measure. (GK)

Fibre2fashion News Desk - India

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