Home / Knowledge / News / Textiles / Hawassa Textile Factory once again runs into rough weather
Hawassa Textile Factory once again runs into rough weather
09
Jun '09
Hawassa Textile Factory and Arbaminch Textile Factory continue to be in eye of a storm as now the electricity service provider has severed the power connection of the Hawassa Textile Factory due to non-payment of arrears amounting to Br 5.5 million which has accumulated over a period of few months.

The previous controversy was regarding the Turkish lease owners suddenly leaving both the mills stranded by removing themselves from the operational liability of running the mills and in the process also left no money in the bank accounts of the both the mills in order that the mills can be run smoothly.

The electricity service provider has laid stake to a claim of Br 6.2 billion in unpaid arrears from the Arbaminch Textile Factory, which is located in Southern Ethiopia. Other than the electricity arrears, both the companies owe to different government departments millions of Birr in tax and other duties, unpaid since a long time.

The Hawassa Textile Share Company, which was set up in 1988, employs over 1,030 workers and has a capacity to produce 18,000 meters of textile fabrics per day.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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:
May 2017

May 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