Chinese conglomerate Jiangsu Sunshine Group plans to make investment of $350 million to set up a textile plant in Ethiopia in a bid to boost the countryâ€™s textile industry as the textile industry is believed to be a bridge for economic development and making Ethiopia Africa's textile industry hub.
The plant will be located in the industrial park of the city of Adama which will produce 10 million meters of worsted wool fabrics and 1.5 million finished parts.
The project has been announced as Ethiopia battles one of the worst droughts since the last in 1983.
In the recent years, Ethiopia has managed to attract several foreign companies operating in the textile and clothing sector including Turkish textile giant Akber and Taiwanese George Shoe Corporation.
Jiangsu Sunshine Groupâ€™s textile business has annual production capacity of 3.5 million sets of high-grade menâ€™s suits and womenâ€™s wear, 35 million meters of superfine worsted wool Fabrics.
It is also the world's largest wool textile manufacturer and high-grade apparel production base, and the only enterprise in China Textile industry who won honorable title of 'World Brand' and 'Garment Export Inspection Exemption'.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
A crisp report that is issued every month covers analysis of the price and market trends on various textile value chains
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide