Malawi apparel exports to US up | The Times Group: Malawi’s earnings from exports of apparel to the United States (US) under the African Growth and Opportunity Act (Agoa) inched up by 19.8 percent in 2018 as compared to 2017, the African Cotton and Textile Industries Federation (Actif) indicates.
Business and Economic News from Malawi
Showing posts with label textile. Show all posts
Showing posts with label textile. Show all posts
Wednesday, January 9, 2019
Tuesday, March 20, 2018
Chinese company launches groundbreaking ceremony for textile factories in Malawi - Global Times
Chinese company launches groundbreaking ceremony for textile factories in Malawi - Global Times: "A Chinese company on Monday launched a groundbreaking ceremony for textile factories in Malawi, which the government says will greatly promote its industrialization drive.
China-Malawi Cotton Company builds the factories in Malawi's central Salima district, about 93 km from the capital Lilongwe, with an investment of 44.2 million U.S. dollars in the first phase and a further 36 million dollars in the second phase.
"This is what we have been trying to do in our efforts to add value to our products. This is a dream come true for Malawi to become a producing country instead of a consuming country," Malawian President Peter Mutharika said at the ceremony.
He said that with the factories, the country could export textile products to regional and international markets.
The Malawian government has created a favorable environment for foreign investment, he added.
Chinese Ambassador to Malawi Wang Shiting said the project signifies the growing cooperation between the two countries.
"China is a sincere friend of Africa and we are committed to developing Africa," Wang said.
Ju Wenbin, chairman of the China-Malawi Cotton Company, said the project comprises a full-fledged cotton spinning factory, a weaving mill and a towel factory.
The first phase of the project will be completed in June next year and 1,500 local people will be employed.
"
'via Blog this'
China-Malawi Cotton Company builds the factories in Malawi's central Salima district, about 93 km from the capital Lilongwe, with an investment of 44.2 million U.S. dollars in the first phase and a further 36 million dollars in the second phase.
"This is what we have been trying to do in our efforts to add value to our products. This is a dream come true for Malawi to become a producing country instead of a consuming country," Malawian President Peter Mutharika said at the ceremony.
He said that with the factories, the country could export textile products to regional and international markets.
The Malawian government has created a favorable environment for foreign investment, he added.
Chinese Ambassador to Malawi Wang Shiting said the project signifies the growing cooperation between the two countries.
"China is a sincere friend of Africa and we are committed to developing Africa," Wang said.
Ju Wenbin, chairman of the China-Malawi Cotton Company, said the project comprises a full-fledged cotton spinning factory, a weaving mill and a towel factory.
The first phase of the project will be completed in June next year and 1,500 local people will be employed.
"
'via Blog this'
Wednesday, January 31, 2018
Malawi News Agency Online - AICC hails textile manufacturing company project
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."
'via Blog this'
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."
'via Blog this'
Sunday, December 24, 2017
Malawi On The Move:Textile Plant Set For Construction In Salima – Malawi Voice
Malawi On The Move:Textile Plant Set For Construction In Salima – Malawi Voice: "Cotton Council of Malawi (CCM) has disclosed that a textile manufacturing plant will be constructed in the lakeshore District of Salima as one way of promoting the dwelling cotton industry in the country.
The Chief Executive (CEO) for CCM, Cosmas Lwanda broke the news when his organization and African Institute of Corporate Citizenship (AICCC) had an interface meeting with members of the Parliamentary Committee on Agriculture of the National Assembly at Sunbird Capital Hotel Lilongwe recently."
'via Blog this'
The Chief Executive (CEO) for CCM, Cosmas Lwanda broke the news when his organization and African Institute of Corporate Citizenship (AICCC) had an interface meeting with members of the Parliamentary Committee on Agriculture of the National Assembly at Sunbird Capital Hotel Lilongwe recently."
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