Related Keywords: Adam city, Chinese conglomerate, Ethiopia attracted foreign companies, factory will be located in industrial park, Jiangsu Sunshine Group, manufacture wool fabrics and finished parts, operating textile and clothing sector, plans to make investment, set up textile plant in Ethiopia
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 country’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.
