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Related Keywords: Americhem, best-in-class fiber development technology, global synthetic fiber market, polymer solutions, Prescient, Sudarshan Chemical Industries Limited, synthetic fibers

This allows Americhem to service and grow with its customers around the globe as Prescient is a natural fit for Americhem. Prescient has built a strong customer relationships, premier reputation, and offers best-in-class fiber development technology.

This acquisition expands Americhem’s global reach and deepens its technical expertise and also helping customers solve their technical challenges.

Related Keywords: 000 looms, 90, Acetate rayon yarn, acrylic, acrylic yarn, blankets, carpets, clothing brands, Cotton Export Corporation of Pakistan, fabric, fabrics, nylon, nylon filament yarn, polyester, polyester filament yarn, polyolefin, shawls, silk, synthetic fibers, textile commodities, textile manufacturing, Textile mills, textile sector, woolen yarn

Pakistan is the 8th largest exporter of textile commodities in Asia and textile sector contributes 8.5% to the GDP of Pakistan. The total textile sector exports reached $7.72bn value-wise in July-January 2018 versus $7.2bn in the corresponding period of last year, reflecting an increase of 7.18 pc.

Related Keywords: acrylic yarn, dyes natural, Ethiopian govt, first factory, license for textile manufacturing, PPESA, production capacity, Saygin, Saygin Dim Textile factory, sells shares, spins, synthetic fibers, textile companies, to produce, Turkish private sector, weaves

The Ethiopian government sells all of its shares in the Saygin Dima Textile Factory S.C. to its Turkish private sector partner company Saygin. The Turkish company will pay 563 million Br over five years for 90pc of the value of the government's share.

The Privatization & Public Enterprises Supervising Agency (PPESA), established the textile factory in partnership with Turkish investors in 2009, with a capital of 78.5 million dollars. Originally, the government owned 60pc of the company, while Saygin, a Turkish company, owned the remaining 40pc.