Home / Knowledge / News / Textiles / Olam Mozambique eyes setting up ginning plant
Olam Mozambique eyes setting up ginning plant
23
Aug '10
Olam Mozambique, a subsidiary of Singapore based Olam International, intends setting up of a new cotton ginning factory in Mossurize district in the Central Mozambican province of Manica.

Olam Mozambique, which possesses cotton concessions in four provinces, including Zambézia, Manica, Tete in the Central region and Nampula in the North, will spend US $6 million on the project to be launched this year.

The new factory, which is projected to start its operations by end of March 2011, would generate job opportunities for around 200 citizens of the country.

The company, over a period of time intends to establish itself as the largest cotton producer in Mozambique. For the purpose it targets to raise its production from current 12,000 tons to 60,000 tons.

The factory is being set up with to reduce any sort of dependence on third parties for ginning, after cotton output attains its production target of 60,000 tons.

The company is even looking forward to capacity building of the farmers in the concession areas, to hike the production and also to induce others to take up cotton cultivation.

This needs to be done because cotton crop has continuously been confronted with challenges posed by other crops like sesame and beans, as these crops earn comparatively higher returns to the farmers.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 30th May 2017

CAI estimates 2016-17 cotton crop at 340.5 lakh bales

Cotton Association of India (CAI) has retained its earlier estimate...

Courtesy: World Bank/Claude Renault

Textiles | On 30th May 2017

India’s economic fundamentals remain strong: World Bank

India remains the fastest growing economy in the world – economic...

Courtesy: Dollar Industries

Apparel/Garments | On 30th May 2017

Dollar Industries registers Rs 906 cr turnover in FY17

Hosiery major Dollar Industries Limited registered a turnover of Rs...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

Judy Frater
Somaiya Kala Vidya

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

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