Malawi News Agency Online - AICC hails textile manufacturing company project: "BLANTYRE, January 29, 2018: The African Institute of Corporate Citizenship (AICC) says it is optimistic that the textile manufacturing company currently under construction in Salima will help in boosting the cotton sector through improved selling prices at markets.
Malawi Cotton Company Limited, a subsidiary of China Africa Cotton Development is the one constructing the factory.
AICC Project Officer for Cotton Platform Isaac Tembo said this on Wednesday in interview with Malawi News Agency.
He said the coming of this local textile factory will eliminate the fears of fluctuating international market prices by stabilising prices on the domestic markets leading to more lucrative offers to local farmers.
“The anticipated local textile industry will push cotton production upwards, because of the increased demand of cotton lint which will prompt farmers to produce more due to the already available market,” Tembo said."
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Malawi Cotton Company Limited, a subsidiary of China Africa Cotton Development is the one constructing the factory.
AICC Project Officer for Cotton Platform Isaac Tembo said this on Wednesday in interview with Malawi News Agency.
He said the coming of this local textile factory will eliminate the fears of fluctuating international market prices by stabilising prices on the domestic markets leading to more lucrative offers to local farmers.
“The anticipated local textile industry will push cotton production upwards, because of the increased demand of cotton lint which will prompt farmers to produce more due to the already available market,” Tembo said."
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