Karina Textiles, one of the Zimbabwe’s leading textile industry and sole manufacturer of knitting yarn, last week auctioned its movable and fixed assets following its liquidation. Theressa Grimel, who is the liquidator, confirmed the High Court’s approval of the liquidation.
It becomes the second largest textile industry player to face closure after David Whitehead was put under judicial management in 2011.
Karina was established in 1959 under the name Ferguson Shiers manufacturing carpets in Mutare but was expanded 10 years later when the company ventured into knitting yarn manufacturing.
The liquidation of Karina comes following the closure of Zimbabwe Coffee Mill, Manica Boards and Cairns Foods in the past few years.
The Confederation of Zimbabwe Industries (CZI) national vice-president, Henry Nemaire described the development as depressing.
As CZI, they are very worried about these company closures and have presented to government short-term and long-term solutions that they should act on to revive their manufacturing sector.
Karina Textiles (Pvt) Ltd, was also one of Mutare’s top employers with over 1 000 workers during its prime.
Researchers at the University of Fukui have developed a method that could simplify the recycling of coloured polyester textiles by…
Sabrina Mostafa has highlighted rice husk as a low-cost alternative to conventional decolouring agents for textile wastewater treatment in Bangladesh.
Living Ink Technologies has been named among TIME magazine’s Best Inventions of 2026 in the Sustainability category for its Algae…
Polyester filament yarn manufacturers across North and Central America have launched YarnProof, an origin verification system powered by FibreTrace technology.
Cotton Brazil has launched ‘Hanging by a Thread’ movement, highlighting concerns about microplastics and encouraging greater consideration of natural fibres.
Wrangler has introduced a fleece outerwear collection featuring Hay Away, a fabric technology to prevent hay and grass from clinging…