Home / Knowledge / News / Textiles / Turkish company to set up textile mill
Turkish company to set up textile mill
27
May '09
Nepsa Textile Plc, which is a subsidiary of one of the major textile producers in Turkey, is opening a factory in Ethiopia with an initial investment capital of ETB 25 million.

According to the Vice Commissioner of the Oromia Investment Commission, Mr. Mohammed Ibrahim, the regional government has already provided a 7.5 hectare plot of land to the company in Sebeta, Oromia zone.

The company is in talks with the officials from Oromia regarding finalizing the deal and starting the construction of the factory in Sebeta, which is a town 25 Km west of Addis Ababa, where there has been a tremendous increase in the number of real estate development, steel manufacturing, textile and other investment ventures.

As per its production program, Nepsa Textile Plc will supply 50 percent of products to the domestic market and will export the other half to the world market, including Turkey.

According to the industry observers, Nepsa Textile's investments in Ethiopia will be beneficial in terms of technology transfer and job creation as it is one of the biggest textile companies in Turkey.

As per the information received from diplomatic sources, Nepsa Textile Company decided to invest in Ethiopia, after a trade delegation from Ethiopia visited Turkey, including officials from the ministry of foreign affairs, who introduced Ethiopia to the business community in Turkey.

The establishment of the biggest textile factory in Ethiopia, Ayka Textile Plc, a subsidiary of one of the giant Turkish textile companies has also been attracting other prospective Turkish investors in Ethiopia.

The number of Turkish investors motivated to invest in Ethiopia is steadily but surely increasing over the last few years.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

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

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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