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Rivatex East Africa to complete $59-mn upgrade by Apr end

18
Apr '19
Pic: Rivatex
Pic: Rivatex
Nigeria’s Rivatex East Africa Ltd is planning to complete a $59-million upgrade by April end that will raise cotton consumption from 10,000 to 40,000 bales per day. Its projected capacity is 100,000 bales per day. The firm is targeting the US African Growth Opportunity Act (AGOA) market through the export processing zone and those in other African nations.

Rivatex secured a $29-million loan from the Indian Government last year and additional $29 million from the Nigerian Government to replace its obsolete machines. Managing Director Thomas Kipkurgat said the firm is targeting 40,000 cotton growers and more than 22 cotton-growing counties.

Over the years, the firm has manufactured materials for police uniforms and gowns for universities and won contracts for Kenya Power, the Geothermal Development Company and many hospitals, according to Kenyan media reports.

Farmers are being sensitised to take advantage of the upgrade to provide Rivatex with raw material, Kipkurgat added. (DS)

Fibre2Fashion News Desk – India


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