Chinese textile manufacturing giant Wuxi No. 1 Cotton Textile PLC recently opened its Ethiopian unit, with an aim to export most of its products to global markets, primarily Europe, North America and Asia. Constructed at a cost of $220 million, Wuxi No. 1 Cotton Ethiopia Textile Plc. was officially inaugurated on October 18 in Dire Dawa city.
Zhang Shengming, general manager of the Ethiopian venture, told a news agency that the textile plant has a capacity to process 300,000 spindles. The first phase of the project has been already completed with a capacity to process 100,000 spindles.
The plant, which is said to be the largest textile workshop to be constructed in the East African country, is expected to create about 3,500 jobs once the second phase is completed.
The textile firm also expects to tap into the 752 km-long first transnational electrified railway in Africa in its export ambition.