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Final negotiation in progress to secure Turkish textile investment in Ethiopia

Related Keywords: Ethiopia textile industry, textile plant, Turkish textile manufacturer

After the successful establishment of an integrated textile and garment plan in Ethiopia by Ayka Addis, a subsidiary of Ayka Textile industry in 2007. Ethiopia is now in talks with another Turkish textile manufacturer Akber, who are expressed interest last year to construct the textile plant in Ethiopia which will be the biggest so far.

The final negotiations are in progress to secure a planned investment by Turkish textile manufacturer, Akber. The investment is being prepared but not yet finalized.

MNC launches first phase of its Turkish Textile factory investing 1.2bn birr

Related Keywords: Ethiopia textile industry, MNC Turkish Textile, textile factory

MNS Manufacturing PLC, one of the Turkish textile factories operating in Ethiopia has a textile factory in Legetafo, northeast of Addis. The company launched the first phase with an investment of over 1.2 billion birr and started production of carpet, towel, polyester and fiber-line home furniture (spring mattress and sofa). The company has undertaken expansion work in three phases and it is expecting to finalize second and third phases soon.

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