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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Zambia’s Mulungushi Textiles may soon resume operations


courtesy: Zambia Daily Mail
courtesy: Zambia Daily Mail

(Zambia)

The Zambia-China Mulungushi Textiles (ZCMT) may soon resume operations under a new Tanzanian investor, reports Zambia Daily Mail.

During his meeting with Central Province permanent secretary Edwidge Mutale in Kabwe, Zambian Defence Minister Edgar Lungu said that terms and conditions for revival of the ZCMT have been agreed upon between the Government and the new investor.

Mr. Lungu said the revival of the ZCMT was not taken up immediately because the terms and conditions agreed upon must first be approved by the Attorney General, and then only an agreement can be signed and the process can be taken forward.

The Minister said the board of ZCMT is expected to meet before ZCMT commences operations, in June-end or thereafter. He added that the revival of the textile mill is important as it would create jobs.

ZCMT ceased operations in 2007-08 owing to financial problems, obsolete machinery, high cost of production, stiff competition with imported textile products from Asia, erratic supply of raw materials, and failure by clients to liquidate their debts.

The ZCMT set up in 1997 as a 66:34 joint venture between the China-based Qingdao Textiles Holding Group Company Limited and the Government of Zambia.

Subsequently, Qingdao Textiles invested US$ 24 million in ZCMT to develop the textile mill that was functioning earlier as Mulungushi Textiles.

During its closure, the ZCMT employed about 1,000 people. In the run-up to the elections in 2011, President Michael Sata had promised to reopen the textile factory to create more jobs for Kabwe residents.

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Middle East Textile Journal

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