Home / Knowledge / News / Textiles / Ramatex Malaysia refutes Namusa's acquisition claims
Ramatex Malaysia refutes Namusa's acquisition claims
Oct '10
Ramatex Malaysia, one and only shareholder of the Ramatex Textiles Namibia, recently through its legal representative rejected the claims of Namusa, a local textile firm that it plans to acquire assets of Ramatex Textiles Namibia which has gone into liquidation and restart the facility,.

Metcalfe Attorneys on behalf of Ramatex Malaysia stated that, Namusa has not inked a deal with Ramatex Malaysia for acquiring the assets of Ramatex Textiles, Namibia to restart the facility.

Moreover, Metcalfe Attorneys have even negated Namusa's claims that, it is carrying out talks with the City of Windhoek and the Ministry of Trade and Industry, to strike an out of court settlement.

Ramatex Malaysia made above statements in response to the recent press reports citing Thomy Nakalega, Director of Namusa's claims that they are in the process of finalizing the acquisition deal with Government and the City by last weekend.

The Namusa Director even claimed that, restarting Ramatex could generate employment opportunities for over 16,000 persons, and in the first stage itself would generate 4,000 jobs and would add another 2,000 jobs every quarter.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Neel Sawhney
One Friday

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

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search