ÃfricaTêxtil, an Angolan textile firm in Benguela, which filed for bankruptcy in 2000 is undergoing rebuilding and modernization work will be once again starting production on completion of its rebuilding and modernization work under a private group Alasola.
The work to rebuild the facility has been given to Japanese company Marubeni which began in March 2012. It is expected to involve cost to the tune of US$480 million, funded by the Japan International Cooperation Bank. The work will be completed by August.
Latest Japanese machinery and equipments will be installed by Toyota at the unit which will weave around 11,000 tons of cotton annually. The textile unit will have an annual production capacity of 12 million towelling items, 1.6 million sheets and 120,00 cotton blankets.
Ãfrica Têxtil is part of a larger project that also covers Satec (Dondo) and Textang II (Luanda) factories, and which plans to re-launch Angola’s textile sector will create 1,200 direct jobs.
With the completion of rebuilding and modernisation work, the management of ÃfricaTêxtil will be hand over the company to a private group Alasola.
Claras Materials LLC has announced its launch as a specialised supply chain company focused on post-consumer textile raw materials.
Aegis Fibretech has presented results showing that its new electrospun materials can capture and contain neutrons generated in nuclear fusion…
Denim Deal, an initiative to promote circular practices in denim production, is working toward expanding textile recycling efforts in India…
Natural Fiber Welding (NFW), based in Peoria, Illinois, has introduced Pliant footwear outsoles made entirely from bio-based natural rubber.
Inspired by racquet sports, Pangaia has introduced a new collection that focuses on movement, material innovation, and modern dressing.
Karl Mayer has officially launched its Textile Innovation Center (TIC), marking an important step toward advancing global textile innovation and…