Home / Knowledge / News / Textiles / Biggest Ethiopian textile mill opens
Biggest Ethiopian textile mill opens
04
May '10
Turkish investors inaugurated a textile mill in Ethiopia last week, in what is called the biggest textile plant to be set up in the country. Present were, Prime Minister, Meles Zenawi and Girma Birru, Minister of Trade and Industry.

The plant will currently employ around 5,000 workers and its peak will provide over 10,000 jobs to people from the province. The plant has been relocated by a Turkish firm; Ayka from Turkey and has invested US $100 million to set up the plant.

The production capacity of the spinning plant is 20 tons of yarn per day and the capacity of the knitting and dyeing plant is 40 tons per day. The textile mill is expected to generate export revenues of $70 million in the first year and $100 million in the second.

This project was personally overseen by the Prime Minister, who took personal interest in the setting up of the plant, to ensure that all problems were sorted out. The Development Bank of Ethiopia too has extended term loans for the project.

Speaking on the occasion of the inauguration, Girma Birru said, “The factory will serve as a role model for the domestic investors in this sector and will also prove to be a pacesetter for the textile industry in Ethiopia”.

He also said that, the government wants to generate $500 million from the textile industry and also attract foreign investment. It also plans to increase cotton cultivation in the country from the present 110,000 hectares to 540,000 hectares.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

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

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