Angola will once again have a textile industry in August 2013
Dated- 10 Apr , 2012 - Angola
Angola plans to re-launch its textile industry in August 2013 when work to refurbish and modernise the Textang company is completed, under the terms of a wider-ranging project carried out by Japanese group Marubeni, according to Angolan newspaper Jornal de Angola.
The project, which involves three companies – África Têxtil, Satec and Textang – will mean that in August 2013 Textang will start spinning, weaving and dyeing and printing cotton fabric, and at a later date will launch clothes production, finishing and manufacturing.
Koichi Nagashima, the managing director of Marubeni, said that the project was moving ahead at a “good rhythm” and gave assurances that equipment would be set up by mid 2013 in order for the textile factory to start operating in August of that year.
The factory area, which covers 30,000 square metres, will be filled up with the latest Japanese machines and equipment, supplied by Toyota.
In the same way as Marubeni officials, Angola’s Secretary of State for Industry, Kiala Gabriel, said he believed in the re-launch of the textile industry in Angola and noted that Marubeni, the company hired to carry out the project, had managed to secure funding of US$1.15 billion to refurbish and modernise the three factories.