• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

Saygin eyes US$100mn revenue from Ethiopian subsidiary

12 Jun '12
1 min read

Saygin Dima Textile SC, the Ethiopian subsidiary of Saygin Group, is planning to earn revenue of US$ 100 million per annum fom textile production.

The Saygin Group commenced operations at its Ethiopian unit only about three months ago. The company now plans to produce 50,000 metres of fabric per day, all meant for exports.
 
The Ethiopian Privatization and Public Enterprises Supervising Agency holds a 60 percent stake in the US$ 80 million Saygin plant, which employs 800 people.
 
Saygin’s Ethiopian manufacturing unit has facilities for spinning, weaving and dyeing natural and synthetic fibres. 
 
The Turkish company benefits from the low power costs and wages in Ethiopia. In addition, textiles produced in Ethiopia enjoy duty-free access to the US market, which also goes in favour of Saygin.
 
During the first ten months of the current Ethiopian financial year, Ethiopia exported textiles worth US$ 71 million, showing a 50 percent rise compared to the corresponding period of previous fiscal, according to the Textile Industry Development Institute (TIDI).
 

Fibre2fashion Newsdesk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search