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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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