The new textile firm to be established in Kabwe, is a brainchild of the Industrial Development Corporation (IDC) and is earmarked for construction in the Kabwe Multi-facility Economy Zone (MFEZ), it will be the second after Mulungushi Textiles, which has ceased operations to pave way for upgrading and rehabilitation works.
The second textile firm is envisaged to create over 2,000 jobs for the local people once completed and Marubeni, a Japanese textile company, will be a partner in the construction of the firm, said Kabwe town clerk Ronald Daka.
Mr. Daka said that the Government of the republic of Zambia through IDC has proposed to develop a textile industry and has requested for 26 hectares of land in the MFEZ and they have given 24 hectares.
The textile firm will seek to surpass the operations of Kafue Textiles and Zambia China Mulungushi Textiles.
The Kabwe Municipal Council is happy about the construction of the textile because it will contribute to the growth of the local economy. This is a game-changer for Kabwe. Mulungushi (Textiles) is tied to a Chinese company but for this new textile, Marubeni are basically supporting this initiative.
Mr, Daka said investors in different areas are making inquiries about investment opportunities in Kabwe. This is an indication that they have confidence that their investments will be secure in the area.
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