BDL Group, a Bangladesh-based company, has decided to make investment in Ethiopia as there are great business and investment opportunities in the country. BDL group will be constructing a textile and garment factory in Mekele town of Ethiopia which will involve an investment to the tune of over 765 million Birr.
The Group has entered into an agreement with the town administration and received 68 hectares of land for the construction of the factory.
According to the Company Chairperson, Abdul Wahed, construction of the factory will be launched within two months and production will be commenced after nine months. Up on completion, the factory will create jobs for nearly 3,000 people.
The textiles and garment factory would contribute for the country’s efforts to improve companies engaged in the manufacturing sector. It would also benefit farmers who can supply raw material for the industry, said the Mayor of Mekele, Tewelde-Birhan Tesfalem.
BDL Group started business activities in 1991 and presently has facilities for spinning, fabric knitting, dyeing and finishing, garments, washing, packaging and printing. DBL Group is a diversified and integrated knit garments manufacturing and composite.
DBL Group is 100 percent export oriented composite knit garments and textiles manufacturing industry in Bangladesh and has workforce of about 15,700 people.
DBL Group has also set plan to undertake additional investments within the coming two years in Ethiopia.
Biotechnology company AMSilk is preparing to increase the large-scale production of its silk proteins through its partnership with Ajinomoto Foods…
H&M has introduced a denim collection made with Tencel | Circ with Refibra technology, demonstrating the potential of textile-to-textile recycling…
Spain-based research centre AIMPLAS is developing new enzyme-based recycling methods for marine plastic waste through its Oceanzyme project.
Louis Vuitton has introduced a new lightweight material called Silk Tech, made using a twill weave that combines silk with…
Researchers at Harvard University have developed programmable knitted textiles that can perform functions beyond traditional fabrics.
Agricultural biotechnology company Avalo has selected Advance Denim as its first mill partner for the denim market across China, Vietnam,…