Turkish group ramps up investment in Ethiopia - sportstextiles: Lea SportsTextiles

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Turkish group ramps up investment in Ethiopia

01/04/2014
Turkey-based Ayka Addis Textile & Investment Group is to invest $50 million in new production facilities in Ethiopia, increasing staff numbers by 13,000 and tripling exports to $150 million, according to local reports.

The company, which mainly exports to Germany, already operates five plants in Alem Gena. These plants have the capacity to spin 40 tonnes of cotton, knit 38 tonnes of thread, dye 50 tonnes of cloth and produce 80,000 garments per day.

The Fortune publication reported that Ethiopia has the potential to boost its textile and apparel exports but is hampered by the fact that many factories are operating under capacity.



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