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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.

Related Keywords: Bombay Dyeing, home textile category, modern trade, Raymond, textile companies, trend of premiumisation, Welspun

Textile companies are making a comeback in the home textile category with premium products to build better margins in a segment that is still fragmented and unorganized. The trend of premiumisation has started gaining hold in the home textile segment.

Related Keywords: cotton producer, Ethipian textile industry, national enterprise, raw cotton, shortage of raw material supply, textile companies, textile industries, Textile industry development institute

As the number of companies engaged in the textile industry has been increasing, the Ethiopian Textiles Industry Development Institute plans to set up a national enterprise that will help create linkage between cotton producers and textile industries.

Institute Director-General, Sileshi Lemma, said that the Enterprise will have the mandate to purchase, sell and store raw cotton. It is aimed at addressing challenges related to shortage of raw material supply.

This will help realize the country's plan to make the nation a preferable destination for textile companies.

Related Keywords: Aditya Birla Group, big revenue genertr, digital medium, e-commerce, fabric brands boost, Grasim, local tailors online, Raymond, Siyaram, textile companies

With e-commerce emerging as the next big revenue generator, textile companies are roping in neighbourhood tailors to give their fabric brands a boost through the digital medium. Booking the services of your local tailor online will soon get easier.

Aditya Birla Group’s textile brand Grasim plans to introduce a neighbourhood tailor programme to improve the skills of about 50 tailors across localities in Delhi and then list their services as a digital offering through the company’s Web site.

Related Keywords: Designers Mart, FADAN, Fashion Designers Association of Nigeria, Kolawole Kuddus, Nigerian-made cloths, production hub, textile companies

The Fashion Designers' Association of Nigeria (FADAN), Lagos Chapter has proposed a production hub which is going to be like a meeting point for key players. To build the production hub in Lagos the association would require about N150 million.

Mr Kolawole Kuddus, the State Coordinator of the association, said that the production hub would also include a retail store that would display finished clothing items and accessories made by Nigerian fashion designers and pattern makers.

Related Keywords: fashion fund, Korean textiole industry, KOTRA, Made in Korea clothes, sewing companies, textile companies

Clothes are well sold on the global stage with tags ‘Made in Korea' . But, unfortunately, there are few textile and sewing companies in Korea since most of them have moved their factories to China and Vietnam. This impelled Korea Trade-Investment Promotion Agency's (KOTRA) to come up with the concept of fashion fund.
 
Han Ki-won, commissioner of the Korea Trade-Investment Promotion Agency's (KOTRA) foreign investment promotion division, Invest Korea, is working on introducing a related fashion fund.
 

Related Keywords: Egyptian government, Mahalla, textile companies

The textile company in Mahalla, specialized in furnishings production, has ceased production due to its debts to banks. This hampered production has listed it down as one of the main faltering textile companies. During a meeting the minister held with the heads and representatives of 12 banks, there remarks came to help the company.