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Almeda Textile concludes its Br86mn expansion plan in Adwa city

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Almeda Textile, one of Ethiopia’s largest vertically integrated textile company which supplies apparel to Sweden’s fast fashion retailer Hennes & Mauritz has concluded its Br86 million expansion that took place over the past six months in Adwa city to increase its fabric production capacity by 100pc.

Almeda Textile plans to boost revenue by 50pc to $30mn a year by 2018

Related Keywords: Almeda Textile, biggest textile manufacturing, creating a Hub for excellence in the textile field, Hennes and Mauitz AB, increase revenue, plans to upgrade factory equipment, sells clothes to Swedish fashion chain, training staff

Almeda Textile is the biggest textile manufacturing company in Ethiopia plans to upgrade factory equipment and training staff to increase revenue by 50 percent to $30 million a year by 2018. It sells clothes to Swedish fashion chain Hennes & Mauritz AB.

Almeda plans to expand its textile factory five times bigger

Related Keywords: Almeda Textile, biggest textile manufacturing company, Germany, Italy, Japan, Switzerland, textile factory, textile factory expansion, The export business

Almeda Textile is the biggest textile manufacturing company in Ethiopia having 100 million Birr sales volume. That is 70% sales volume in local market and 30% sales volume in global market . Almeda is benefitting from complete new production lines imported from Switzerland, Italy, Germany and Japan that take up a total investment of US$ 94 million.

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