On January 16, the groundbreaking ceremony of the project of Wuxi Yimian (Ethiopia) Textile Co., Ltd. was held grandly in Dire Dawa National Industrial Park, Ethiopia.
At the ceremony, Ms. Zhou Yejun, Chairman of Wuxi Yimian Group, first introduced the project situation, and then Mr. Gao Min, Minister of State Tedsay, Chairman Fei Song, Mayor Ibrahim, Ms. Xie Ming, and Counselor Liu Yu respectively Give a congratulatory speech.
Ms. Xie Ming, President of the Jiangsu Textile Industry Association, said in her speech: The Wuxi Yimian (Ethiopia) Textile Co., Ltd. project is another achievement of China-Ethiopia textile cooperation. As one of the economic engines of East Africa, Ethiopia has supported the textile and garment industry as the most important industrial industry in recent years. In this context, China’s “One Belt, One Road” initiative can meet Ethiopia’s industrialization needs and bring new development opportunities to China-Ethiopia textile production capacity cooperation. The start of construction of this project will play a positive role in improving the upstream and downstream supporting facilities of Ethiopia’s textile industry. As long as China and Egypt make good use of the potential of resource sharing and the space for learning from each other’s strengths, we will surely be able to achieve win-win cooperation and achieve common development.
Fei Song, Chairman of the Ethiopian Investment Committee, mentioned in his speech: This investment project will not only promote the local economic and social development of Ethiopia and provide employment opportunities for local and surrounding residents, but will also further promote Ethiopia to become an African textile and garment industry. Industry leader. Finally, he reiterated: EIC and the Ethiopian government will fully support Wuxi Yimian’s project throughout the entire process.
Counsellor Liu Yu, His Excellency Tadesse Haili, Ambassador Muller Tariken Edley, His Excellency Fesun Arega, His Excellency Cisse Jemich, and His Excellency Ahmed Abbit , His Excellency Ibrahim Usman, Ms. Xie Ming, Mr. Gao Min, Mr. Chen Yongtao, and Ms. Zhou Yejun came to the construction site and shoveled the soil together to lay the foundation stone.
Chinese guests attending the ceremony include: Ms. Liu Yu, Commercial Counselor of the Chinese Embassy in Ethiopia, Ms. Xie Ming, Specially Invited Vice President of China Textile Industry Federation and President of Jiangsu Textile Industry Association, Secretary of the Party Committee and Board of Directors of Wuxi Guolian Group Chairman Mr. Gao Min and industry-related business leaders. The Ethiopian guests who attended the ceremony include: His Excellency Tadesse Haili, Minister of State in the Prime Minister’s Office of Ethiopia, His Excellency Feson Arega, Chairman of the Ethiopian Investment Commission, His Excellency Ibrahim Usman, Mayor of Dire Dawa City, Ethiopia, The Consul General of the Ethiopian Consulate General in Shanghai, His Excellency Muller Tariken Edre and other leaders jointly laid the foundation stone for the ceremony. The ceremony was hosted by Tang Xingliang, Vice President of Guolian Group.
Investment plan
The project of Wuxi Yimian (Ethiopia) Textile Co., Ltd. plans to use 40 hectares of land, with a total investment of US$220 million, and plans to build 300,000 spindles in two phases. The products of the Ethiopian project are positioned as mid-to-high-end yarns, mainly supporting the domestic and foreign high-end yarn-dyed, knitting, and home textile product markets. It can provide employment for 3,000 people and achieve annual export earnings of approximately US$200 million. It will eventually form the China Construction, One Cotton Model, The pattern of African production and global sales. The first-phase investment of the project is US$80 million, with a construction area of approximately 60,000 square meters and a production scale of 100,000 spindles. It is planned to complete the factory construction by the end of this year, and will be equipped with corresponding facilities such as an air-end spinning processing workshop, a staff restaurant, and an employee activity center. Equipment installation and commissioning will be carried out in the first half of 2019, and it will be officially put into operation in the second half of the year.
Historical opportunity
Wuxi No.1 Cotton is the vice-president unit of China Cotton Textile Industry Association. It was founded in 1919. It has an important position in the history of my country’s textile development and has nearly a century of cotton textile management experience, advanced spinning technology and high-quality customer resources. . Looking forward to 2019, it coincides with the 100th anniversary of the establishment of Wuxi No.1 Cotton Factory. The Ethiopian project is of extraordinary significance as Wuxi First Cotton approaches its centenary year. It is not only a new starting point for Wuxi First Cotton to create the next century, but also a new chapter in China-Ethiopia production capacity cooperation and global industrial layout. Ethiopia, as a hot spot for the international layout of my country’s textile enterprises in recent years, has many advantages and profound development potential in labor, raw materials, electricity prices, land, tariffs, policy support and other factors. Wuxi No.1 Cotton will combine various opportunities to strive to build the factory into a benchmark enterprise in Ethiopia, achieve the corporate goal of a new highland of modern industry with domestic first-class and international influence, embark on the new journey of “One Belt and One Road”, and start the next century of new development. starting point! It also adds a lot of color to China’s promotion of the “Belt and Road” international strategy!
Major Events
On October 11, 2016, the “Ethiopia Investment Exchange Conference” was held in Shanghai. Ms. Zhou Yejun, Chairman of Wuxi Yimian, attended and exchanged views with Mr. Alkabe, Advisor to the Prime Minister of Ethiopia, on issues of urgent concern.
From October 26 to 28, 2016, the Ethiopian ruling party’s visiting delegation to China inspected the layout, planning and design of the textile industry. During the period, they visited Wuxi No.1 Cotton Co., Ltd. to discuss cooperation in spinning projects.
From April 24th to 29th, 2017, Wuxi Yimian and his delegation went to Ethiopia to conduct investment research. During the period, they visited Mr. Alkabe, Advisor to the Prime Minister, and relevant persons in charge of the Ministry of Industry and Investment Committee, and visited Hawassa in the south and Hawassa in the east. 3 industrial parks in Dire Dawa and North Mekere.
November 2, 2017, NoneThe signing ceremony of the cooperation project between Xiyimian Textile Group and the Ethiopian government was held in Wuxi.
On January 16, 2018, the groundbreaking ceremony of Wuxi Yimian (Ethiopia) Textile Co., Ltd. was held grandly in Dire Dawa. Wuxi Yimian Ethiopian project foundation laid and construction started
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