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Tekstil Trans opens $9.5mn textile factory in Kyrgyzstan
Feb '17
Tekstil Trans Ltd. has opened a new textile factory worth $9.5 million, in the northern Chui province of Kyrgyzstan. The Russian-Kyrgyz Development Fund has provided close to $7.5 million for the factory. The factory is likely to reduce the company’s dependency on imports of textile products like fabrics and prove beneficial for the domestic sewing industry.

The establishment of this factory is likely to lower the production cost of the country’s sewing industry, said Sooronbai Jeenbekov, Prime Minister of Kyrgyzstan.

Kyrgyzstan’s textile products are in high demand in foreign markets and owing to the country’s accession of the Eurasian Economic Union, Kyrgyz companies can now enter larger markets, Kyrgyzstan government’s press service said quoting Jeenbekov.

The fabric-producing factory has been operational in the pilot mode since November last year. It will create 150 jobs and produce 9-10 tonnes of products per day initially. The capacity will be increased to up to 30 tonnes per day, said Almazbek Abdrayev, the general director of Tekstil Trans.

Abdrayev also said that factory has been set up owing to the growth potential of the country’s sewing industry. The new unit uses advanced equipment and high-quality raw materials sourced from China, Uzbekistan and Tajikistan. (KD)

Fibre2Fashion News Desk – India

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