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Second textile firm to be established in Kabwe

Related Keywords: brainchild of Industrial Development Corporation, construction in Kabwe Multi-facility Economy Zone, contribute to growth, envisaged to create over two thousand jobs, IDC, Japanese textile company, local economy, Marubeni, MFEZ, New textile firm, partner in the construction, second after Mulungushi Textiles, to be established in Kabwe

The new textile firm to be established in Kabwe, is a brainchild of the Industrial Development Corporation (IDC) and is earmarked for construction in the Kabwe Multi-facility Economy Zone (MFEZ), it will be the second after Mulungushi Textiles, which has ceased operations to pave way for upgrading and rehabilitation works.

The second textile firm is envisaged to create over 2,000 jobs for the local people once completed and Marubeni, a Japanese textile company, will be a partner in the construction of the firm, said Kabwe town clerk Ronald Daka.

IDC signs MoU with Japanese textile firm to revamp Mulungushi Textiles

Related Keywords: a Japanese textile company, buy equipment from Japan. revamp plant, Industrial Development Corporation, Marubeni, rehabilitate Mulungushi Textiles Limited in Kabwe, set ground for Zambia, set up cotton out-grower scheme, signed memorandum of understanding, support farmers, within whole cotton value chain

THE Industrial Development Corporation (IDC) has signed memorandum of understanding with Marubeni, a Japanese textile company, to rehabilitate Mulungushi Textiles Limited in Kabwe and will also set ground for Zambia to buy equipment from Japan to revamp the plant, said IDC executive director of operations Paul Siame here on Sunday shortly after the signing ceremony.

The signing ceremony was witnessed by President of Kenya Uhuru Kenyatta and Prime Minister of Japan Shinzo with several other African government officials and private sector companies.

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