Antex Weaves its Way into Adama Industrial Park


The company plans to manufacture sportswear, underwear and swimwear




Antex Groups, a Chinese textile manufacturing company, has become one of the first firms to enter the Adama Industrial Park.

Following a September 2017 agreement with the Ethiopian Investment Commission, which oversees the administration and supervision of industrial development zones, the firm initiated its move into the park by installing some machinery inside one of the sheds at the industrial park.

The company plans to manufacture sportswear, underwear, swimwear and even fashion wear in the future.

“There needs to be a highly skilled workforce before production of fashion wear can begin,” said Qian Anhua, owner of Antex, which began scouting for employees before arranging a six-month-long training on garment technology and organisational management in March 2018.

Planning to export its products to Europe, the United States and Australia, the company invested five million dollars to purchase machinery and equipment that it imported from China, Japan and Germany.

Antex plans to produce 300tn of textile products annually. It will also employ 10,000 employees and generate half a billion dollars annually when it reaches full production in about half a decade, according to Qian.

Ethiopia targeted a quarter billion dollars in revenue from textile export products in the last fiscal year but only achieved 109 million dollars. The target for the current year is 240.4 million dollars.

The major problems causing companies to deliver below their capacities are a lack of market linkage, recurrent power outages and input shortages, according to the Textile Industry Development Institute. Most textile companies in the country employ less than 60pc of their total capacity.

Part of the government’s attempt to develop the textile industry has been the expansion of export-oriented industrial development zones, such as the Adama Industrial Park.

Sitting on 102ht in Adama, approximately 93Km southeast of Addis Abeba in Oromia Regional State, the park was built at a cost of 147 million dollars by China Civil Engineering Construction Company.

The construction commenced in 2016 and the 19 sheds planned for the park have reached nearly 97pc completion.

“The only things left are the finishing work and the waste water treatment plant,” Ephrem Bekele, coordinator of the Park, told Fortune.

The park is expected to create jobs for more than 50,000 people once it becomes fully operational.

Established 15 years ago, Antex Groups is Based in Zhejiang province in China and has investments valued at 247 million dollars in Vietnam, Spain, the United Kingdom and the United States.

The textile manufacturing plant is the first investment for Antex in Ethiopia, and the firm plans to engage in the hospitality and tourism industry, according to Qian.



By DAWIT ASTATIKE
FORTUNE STAFF WRITER

Published on Sep 29,2018 [ Vol 19 ,No 961]


SHARE :
               


Editorial

Currently, Ethiopia has a state of affairs where the centre is struggli...


Agenda

The incidence of abuse against migrant workers has raised concerns abou...


Fineline

On Saturday, Prime Minister Abiy Ahmed (PhD) inaugu...


Commentary

Despite being a continent with abundant energy resources, a great chunk...


Viewpoint

When the first telephone was installed in Emperor Menelik II’s palace...


Opinion

The City Administration of Addis Abeba will open over 161,000 jobs oppo...


View From Arada

Asmera and Addis Abeba are two cities with similar beginnings and influ...




ADVERTISEMENT



Business Indicators




ADVERTISEMENT



Editors Pick















//