Related Keywords: Awassa Textile, export to international market, increase production capacity, install new textile machinery, Kenya, semi finished threads, through loan agreement, undertake expansion project, use on capital expenditure, with Development bank of Ethiopia, working capital
Awassa Textile S.C. plans to undertake a 168 million Birr expansion project at its plant through a loan agreement with the Development Bank of Ethiopia (DBE) that concluded on April 17, 2015. Out of the 168m Birr loan, 134 million Birr will be used on capital expenditure, while the remaining sum is for working capital, said Eyasu Atnafu, general manager of Awassa Textile S.C.
