ÃfricaTêxtil, an Angolan textile firm in Benguela, which filed for bankruptcy in 2000 is undergoing rebuilding and modernization work will be once again starting production on completion of its rebuilding and modernization work under a private group Alasola.
The work to rebuild the facility has been given to Japanese company Marubeni which began in March 2012. It is expected to involve cost to the tune of US$480 million, funded by the Japan International Cooperation Bank. The work will be completed by August.
Latest Japanese machinery and equipments will be installed by Toyota at the unit which will weave around 11,000 tons of cotton annually. The textile unit will have an annual production capacity of 12 million towelling items, 1.6 million sheets and 120,00 cotton blankets.
Ãfrica Têxtil is part of a larger project that also covers Satec (Dondo) and Textang II (Luanda) factories, and which plans to re-launch Angola’s textile sector will create 1,200 direct jobs.
With the completion of rebuilding and modernisation work, the management of ÃfricaTêxtil will be hand over the company to a private group Alasola.
Union Minister of Textiles interacted with industry leaders, presenting the potential of alternative and allied fibers to boost India's textile…
Princeton researchers have developed a cost-effective 3D printing method allowing to produce materials combining stretchiness, flexibility, and recyclability.
Researchers are working to create durable materials from tough nut shells to create energy-efficient, biodegradable materials for use in packaging…
Scientists at the University of Southern California (USC) have developed an innovative process that uses a special fungus to recycle…
VIP Clothing has entered a new market segment with the launch of branded handkerchiefs while also expanding its presence within…
Cotecna has officially opened its new Softlines Testing Laboratory in Tirupur. The inauguration was led by Amit Chopra, along with…