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MAS Holdings to start Kenya operations in early 2020

16
Aug '19
Pic: MAS Holding
Pic: MAS Holding
Sri Lankan apparel and textile manufacturer MAS Holdings Singapore recently confirmed it will start operations in Athi River in Kenya’s Machakos county early next year. The move is likely to create 3,000 job opportunities. Another textile firm Royal Garments Industries, operating under the export processing zone (EPZ), will also employ 2,600 more employees.

According to EPZ Authority chairman Paul Gicheru, all this will push up the number of employees employed in the EPZ by over 5,000.

The decisions come at a time when the country is grappling with job cuts as companies move to align their operations with a changing economic landscape, according to a Kenyan newspaper.

With an investment of Sh1.5 billion, MAS Holdings Singapore will leapfrog Hela Clothing as the largest apparel and textile manufacturer in the country. It will export apparel to the United States, the United Kingdom and the Netherlands.

Official figures show that the number of local employees engaged by EPZ enterprises increased by four per cent to 56,945 last year from 55,486 in 2017.

In 2018, EPZ companies exported goods worth Sh72 billion, a good chunk of which was textiles.

The value of the exports under the African Growth Opportunity Act (AGOA) increased significantly by 25.8 per cent from Sh33.1 billion in 2017 to Sh41.6 billion last year, official data shows. (DS)

Fibre2Fashion News Desk – India


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