Home / Knowledge / News / Textiles / Chinese firm to set up textile industrial zone in Ethiopia
Chinese firm to set up textile industrial zone in Ethiopia
23
May '14
A Chinese textile company, Zhejiang Jinda Flax Llc, in collaboration with the Ethiopian Ministry of Industry, is going to set up a textile industrial zone in the Bole district of the capital Addis Ababa, reports Addis Fortune.
 
A memorandum of understanding (MoU) between the Ministry of Industry and the Chinese firm was signed in mid-May 2014, and a formal investment agreement is likely to be signed by July-end this year, according to the report.
 
As per the MoU, the Ministry and Zhejiang Jinda Flax would jointly set up a new company by the name of Kingdom Linen Textile Industrial Zone, which would oversee the construction and development of the textile industrial zone project.
 
Zhejing Jinda, a subsidiary of Chinese Kingdom Holdings Limited, produces textile decoration fabrics such as weave fabrics, yarn decorated fabrics and calico (not fully processed fabrics) printing fabrics, which have a wide use in sofa covers, curtains, etc.
 
The construction work for phase one of the industrial zone project would begin before June 2015.
 
The Eastern Industrial Zone in Dukem, about 37 km from Addis Ababa, set up on 200 hectares of area, is the only private operational zone in Ethiopia which was established in partnership with Chinese investors. The zone currently has eleven companies which are engaged in manufacturing of textile, clothing and leather products.
 
In recent months, several foreign companies have expressed their intention to invest in the textile sector in Ethiopia. In March this year, Turkish textile manufacturing firm announced that it would be investing US$ 175 million for constructing a textile plant in the Ejere town of the Oromia region of Ethiopia.
 
Earlier this month, India-based ShriVallabh Pittie (SVP) Group announced that it would set up a $550 million spinning mill in Kombolcha town, located in the Debub Wollo Zone of Ethiopia’s Amhara Region.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Retail | On 10th Aug 2020

EU retail trade volume level returns to pre-COVID level

In June 2020, a month marked by some relaxation of COVID-19...

Pic: Shutterstock

Textiles | On 10th Aug 2020

Pak TPB to rationalise textile sector tariff structure

Pakistan's Tariff Policy Board has decided to rationalise the tariff...

Pic: Shutterstock

Retail | On 10th Aug 2020

Japan's World Co to shut 358 stores by March 2021

World Co, a clothing company headquartered in Kobe, Japan, will close ...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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

Leave your Comments


July 2020

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


Advanced Search