China's Wuxi Cotton to set up textile plant in Ethiopia
Wuxi No. 1 Cotton Mill, part of the Guolian Development Group and one of the largest textile manufacturers in China, has signed an investment agreement with the Ethiopian government to establish an integrated textile plant in Ethiopia. The new plant will be set up in Dire Dawa, the second largest city in Ethiopia, lying around 450 km east of Addis Ababa.
Wuxi will invest in a spinning plant and a large scale integrated fabric mill, with production targeted at export markets, according to the investment agreement between Wuxi and the Ethiopian Investment Commission (EIC), signed in Wuxi city in China earlier this month.
Established in 1919, Wuxi No. 1 Cotton Mill has annual weaving capacity of 26,000 tons of yarn and 30 million metres of grey fabric. Hence, the company will bring state-of-the art manufacturing technology, knowhow and excellence accumulated over a span of nearly 100 years to Ethiopia.
In addition to creating direct employment opportunities, the Chinese investment will help Ethiopia boost its foreign exchange reserves through exports. It is also expected to create significant linkages in the fast-growing textile and clothing industry of Ethiopia, Chinese media reports said.
At present, Wuxi exports 75 per cent of its products, mainly to Europe, the US, Japan and Asean countries. So, the EIC expects that the investment will assist Ethiopia in becoming a leading player in Africa’s textile and apparel manufacturing sector. (RKS)
译文如下:
中国无锡一棉在埃塞俄比亚建立了纺织厂
无锡一棉纺织集团(Wuxi No.1 Cotton Mill)作为中国最大的纺织品制造商之一,隶属国联集团,现与埃塞俄比亚政府签署了一项投资协议,在埃塞俄比亚建立一家综合纺织厂。新工厂将建在埃塞俄比亚第二大城市达瓦拉,位于亚的斯亚贝巴东部450公里处。
根据无锡和埃塞俄比亚投资委员会(EIC)本月早些时候在中国无锡签署的投资协议规定,无锡市将在埃塞俄比亚投资一家纺织厂和一家大型综合纺织厂,其生产目标是出口市场。
无锡第一棉纺厂成立于1919年,年织造能力26000吨,坯布3000万米。因此,该公司将为埃塞俄比亚带来近100年的技术制造技术、技术诀窍和卓越成就。
除了创造直接就业机会,中国的投资还将帮助埃塞俄比亚通过出口增加外汇储备。中国媒体报道称,预计该公司还将在埃塞俄比亚快速增长的纺织和服装行业中建立起重要的联系。
目前,无锡75%的出口产品,主要出口到欧洲、美国、日本和东盟国家。因此,埃塞俄比亚投资委员会预计,这笔投资将帮助埃塞俄比亚成为非洲纺织和服装制造业的主要参与者。
(编译:杨朝霞)
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