AYKA Addis Textile and Investment Group, the biggest textile factory in Ethiopia, launched an integrated production on Thursday in a ceremony attended by Prime Minster Meles Zenawi.
Having come from Turkey to Ethiopia a couple of years ago, the company has been producing yarn and textile since November 2008 in a plant its sister construction company (AYKA Construction Plc) set up in Alem Gena, a town 20km west of Addis Ababa.
With an overall projected investment of over USD 140 million, the company kick-started an integrated production including garment on Thursday while simultaneously launching an expansion project that will double the factory’s yarn production, according to Mustafa Kurshat, export coordinator of the company.
The existing factory has a capacity to produce 20 tonnes of yarn and 40 tonnes of garment (70,000 pieces) a day. It has an installed capacity of knitting and dyeing 40 tonnes of clothing, according to Kurshat.
Set up in a 200,000sq.m. premises, the company’s textile and garment manufacturing plant was built by AYKA Construction, the same company that is undertaking the construction of what will become the Group’s second yarn factory on Friday.
So far, the company has invested a major portion of its projected investment capital of over USD 140 million, Kurshat said. The company will be investing the balance in expansion projects in the coming years, according to him.
The company will entirely export its product to Europe and other major market overseas.
Including its just-started expansion project and others in the pipeline, the Turkish textile giant will provide job opportunities to 10,000 people, according to Kurshat.