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Vlisco discusses investment plans with Nigerian minister
17
Nov '17
Dutch textile company Vlisco Group recently discussed with Nigerian finance minister Kemi Adeosun its proposed investment in the country’s cotton textile industry. The investment would boost growth and jobs in Nigeria across the entire value-chain from cotton to fashion, according to company CEO David Suddens, who led the delegation to the discussion.

The group plans to invest in sourcing of cotton, textile printing, wholesale, retail and e-commerce distribution, garment manufacturing and supporting and training of Nigerian fashion designers, according to Nigerian media reports.

Foreseeing 10,000 jobs in Nigeria in the medium term, Suddens said the group had formed partnership with two spinning and weaving companies in China and Pakistan to help build the Nigerian cotton textile industry.

The two partners, according to him, are expected to start operations with a weaving mill of between 120 and 140 looms, with each mill producing annually nearly 12 to 15 million metres of cotton fabric. Spinning mills will be established later.

Minister Adeosun urged Suddens to take advantage of the Nigerian Government’s incentives for cotton, textile and garment sub-sector to expand its brand portfolio in Nigeria.

Founded in 1846, the Vlisco Group designs, produces and distributes fashion fabrics for the West and Central African market and African consumers in global metropolitan cities. (DS)

Fibre2Fashion News Desk – India


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