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Angola spends $235 mn on apparel imports in 2019
25 Feb '20
1 min read
Pic: Shutterstock
Angola spent $170 million on new imported clothes and $65 million on import of used clothing (bales) in 2019, resources that could be saved if the country’s textile industry was in operation, the country’s secretary of state for industry Ivan do Prado told President Joao Lourenço during the latter’s visit to the Nova Textang II factory recently.
With the country’s three main factories—Satec, Africa Textil and Textang II—restarting, textile companies can produce 20 million items of apparel every year.
New Textang II has a monthly production capacity of 250,000 linear metres of fabric, following an investment of $251 million on upgrading its facilities and machinery.
The factory was part of the package to recover three major textile units in the country, an initiative that received a $1.2-billion funding from Japan, according to a report in a website dedicated to news related to Africa.
After revival and modernisation, Nova Textang II and the other two factories were sold to the private sector in September 2013.
With the country’s three main factories—Satec, Africa Textil and Textang II—restarting, textile companies can produce 20 million items of apparel every year.
New Textang II has a monthly production capacity of 250,000 linear metres of fabric, following an investment of $251 million on upgrading its facilities and machinery.
The factory was part of the package to recover three major textile units in the country, an initiative that received a $1.2-billion funding from Japan, according to a report in a website dedicated to news related to Africa.
After revival and modernisation, Nova Textang II and the other two factories were sold to the private sector in September 2013.
Fibre2Fashion News Desk (DS)
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