Home / Knowledge / News / Textiles / Biggest Ethiopian textile mill opens

Biggest Ethiopian textile mill opens

04
May '10
Turkish investors inaugurated a textile mill in Ethiopia last week, in what is called the biggest textile plant to be set up in the country. Present were, Prime Minister, Meles Zenawi and Girma Birru, Minister of Trade and Industry.

The plant will currently employ around 5,000 workers and its peak will provide over 10,000 jobs to people from the province. The plant has been relocated by a Turkish firm; Ayka from Turkey and has invested US $100 million to set up the plant.

The production capacity of the spinning plant is 20 tons of yarn per day and the capacity of the knitting and dyeing plant is 40 tons per day. The textile mill is expected to generate export revenues of $70 million in the first year and $100 million in the second.

This project was personally overseen by the Prime Minister, who took personal interest in the setting up of the plant, to ensure that all problems were sorted out. The Development Bank of Ethiopia too has extended term loans for the project.

Speaking on the occasion of the inauguration, Girma Birru said, “The factory will serve as a role model for the domestic investors in this sector and will also prove to be a pacesetter for the textile industry in Ethiopia”.

He also said that, the government wants to generate $500 million from the textile industry and also attract foreign investment. It also plans to increase cotton cultivation in the country from the present 110,000 hectares to 540,000 hectares.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 15th May 2021

Australian govt earmarks Au$1 mn for boosting fashion industry

The government of Australia has earmarked Au$1 million to promote and ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 15th May 2021

Prime Content| US textiles & apparel imports grow 4.32% in Q1 2021

The import of textiles and apparel by the United States increased by...

Pic: Amanda Wakeley

Fashion | On 15th May 2021

British luxury fashion company Amanda Wakeley enters administration

The British luxury fashion designer Amanda Wakeley’s company, AW...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

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

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


May 2021

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


Advanced Search