Mar 24, 2017 Last Updated 10:30 AM, Mar 24, 2017

Almeda Textiles announces expansion plans

ABN – Ethiopia’s Almeda Textiles, who supplies H&M, has announced plans to upgrade its factory equipment and training staff.

The company is hoping that the upgrades will help increase its revenue by 50% to US$30 million per annum by 2018.

If productivity improves at Almeda Textile’s Adwa-based plant then H&M could up its orders to more than 4,000 t-shirts a day next year.

Almeda’s General Manager Libelo Gebreselassie said: “We’re upgrading our internal capacity.”

Almeda has been supplying H&M since 2013. 

@ABNetworkOnline

PSA Peugeot Citroen eyes African expansion

ABN – PSA Peugeot Citroen (Euronext: UG) has announced plans to invest in an assembly plant in Morocco.

The company is trying to reduce its reliance on Europe by boosting activity and car sales in emerging markets.

Production is scheduled to start at the Moroccan plant in 2019 and it will start with a production capacity of 90,000 vehicles a year.

The new facility will be based in the city of Kenitra and will require US$628 million in investments.

CEO Carlos Tavares said: “Africa and the Middle East are historic markets for PSA, and this region must become a profitable internationalisation driver [of Peugeout’s turnaround].

“[The project] will provide us with centrally located production capacity for helping achieve our ambition to sell 1 million vehicles in 2025 in the region.”

@ABNetworkOnline

South African manufacturers fly to China for training

ABN – South Africa has sent 28 of its leather and footwear manufacturers to China to receive training in shoe design and manufacturing techniques.

The three-month training programme was facilitated by the Department of Trade and Industry (dti), which consists of manufacturers from Gauteng, Eastern Cape, KwaZulu-Natal and the Western Cape.

The dti department has already invested R3.5 billion (US$285 million) in the Clothing and Textiles Competitiveness Programme in the hopes of saving the industry.

Dti Minister Rob Davies said: "The Chinese government has agreed to support the efforts of South African government by contributing to the upgrading of scarce skills in our textile and clothing industry.

"The capacity development programme is part of our efforts to increase the number of skilled entrepreneurs within the leather and footwear sector, in order to enhance the sector's competitiveness.

"The main impact of the programme has been the stabilisation of the sectors, the saving of over 67,000 jobs, and the creation of a significant number of new, decent and sustainable employment opportunities." 

@ABNetworkOnline

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