Home / Knowledge / News / Textiles / Japan's Marubeni to revamp three textile plants
Japan's Marubeni to revamp three textile plants
15
Dec '10
Marubeni Corporation (Marubeni) has been awarded a contract for Rehabilitation of Textile Factory in Luanda, the capital city of the Republic of Angola (Angola), from the Ministry of Geology, Mining and Industry (MGMI), Angola. The contract is worth approximately 25 billion Japanese Yen and the rehabilitation is expected to be completed in May, 2013.

Angola had devastating damage on its textile industries and cotton fields. For the purpose of reconstruction of textile industries and creation of employment opportunities, Marubeni had been discussing MGMI for the rehabilitation of 3 textile factories (located in Luanda, Benguela and Dondo) on full-turn-key basis and awarded the contract for the factory in Luanda as 1st phase.

For the first time toward Angola, this contract is financed by buyer's credit of Japan Bank for International Cooperation.

Marubeni and MGMI have also entered into the contract for the factory in Benguela as 2nd phase in August 2010 and being discussing the contract for the remaining factory in Dondo as 3rd phase.

Under this project, the existing buildings will be renovated and the factories will be equipped with the state-of-art textile machines (spinning, weaving, knitting, and dyeing machines) and the utility facilities (captive power house, drain facility and etc). This project enables Angola to substitute some of the textile products being imported with home-made products, such as fabrics for uniforms and shirts, towels, bed sheets, fabrics for denim jeans and etc.

The government of Angola has been actively launching many reconstruction projects in other industrial areas which were also damaged. Marubeni will continue the effort to support such projects and expand its business activities in the country.

Marubeni Corporation

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

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Karel Williams
Dow Microbial Control

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

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....

Kevin Nelson
TissueGen

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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