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Related Keywords: Adama and Dire Dawa industrial parks, apparel and agro processing, end of this month, Ethiopian Investment Commission, facilitating the way, fulfilling vision, industrial development, manufacturing hub in Africa, parks to strengthen, specialize in textile, to be inaugurated

The Adama and Dire Dawa industrial parks which will specialize in textile, apparel and agro processing to be inaugurated at the end of this month, whose construction was launched in 2016, according to Ethiopian Investment Commission. The parks are expected to further strengthen industrial development in the country by facilitating the way in fulfilling its vision of becoming manufacturing hub in Africa.

Related Keywords: due to export of waste cotton, end of this month, Escalation of raw material prices, fabric manufacturers, fix waste cotton prices, hit open end spinning mills, increase in waste cotton prices, levy fifteen percent tax on export, main raw material, Open End Spinning mills, plan to stop production, powerloom units

The Open End Spinning mills plan to stop production from the end of this month with increase in prices of waste cotton, which is the main raw material for open end spinning mills.

According to the Open End Spinning Mills’ Association, the price of waste cotton has shot up to Rs 78 per kg this month. Four months ago, price of cotton waste was Rs.60 per kg when the price of cotton was Rs. 146 a kg.

Now, cotton prices have gone down to Rs. 112 a kg. But, the price of waste cotton has increased to Rs. 78 a kg mainly due to export of waste cotton.