Nyanza to inject $5m in weaving facility
Dec 19, 2005
SOUTHERN Range Nyanza Ltd will inject $5m (about sh9b) in a modern weaving facility to complete a three-phase rehabilitation and modernisation programme that began in 2001.
By Kiganda Ssonko
SOUTHERN Range Nyanza Ltd will inject $5m (about sh9b) in a modern weaving facility to complete a three-phase rehabilitation and modernisation programme that began in 2001.
Addressing reporters at the company’s plant in Njeru town near Jinja last week, the managing director, Viren Thakker, said the investment would enable setting up of modern machines like the Japanese Toyota and Germany Sulzer looms to enhance quality and output.
“The new facility will enhance quality and efficiency of weaving. We expect the present weaving capacity of 12 million metres annually to double to 30 million. The firm will also increase her market locally and internationally under the African Growth and Opportunities Act (AGOA) and the European Union,†Thakker said.
He said, “This is critical not only for Uganda but for the Common Market for Eastern and Southern Africa because come September 2007, garment exporters from sub-Saharan Africa will source for fabrics from all over Africa to continue exporting under AGOA. This investment is strategic because of its timing to produce internationally-acceptable quality fabrics.â€
Thakker said installation of the machines, which are in transit, would start in January to enable commissioning in February.
He said they would replace the old weaving machines with new ones.
Thakker said that would create new jobs and also almost double Nyanza’s lint cotton consumption of 10,000 bales annually.
From 2001-2003, $2.6m (sh4.7b) was invested in the first phase of modernisation.
SOUTHERN Range Nyanza Ltd will inject $5m (about sh9b) in a modern weaving facility to complete a three-phase rehabilitation and modernisation programme that began in 2001.
Addressing reporters at the company’s plant in Njeru town near Jinja last week, the managing director, Viren Thakker, said the investment would enable setting up of modern machines like the Japanese Toyota and Germany Sulzer looms to enhance quality and output.
“The new facility will enhance quality and efficiency of weaving. We expect the present weaving capacity of 12 million metres annually to double to 30 million. The firm will also increase her market locally and internationally under the African Growth and Opportunities Act (AGOA) and the European Union,†Thakker said.
He said, “This is critical not only for Uganda but for the Common Market for Eastern and Southern Africa because come September 2007, garment exporters from sub-Saharan Africa will source for fabrics from all over Africa to continue exporting under AGOA. This investment is strategic because of its timing to produce internationally-acceptable quality fabrics.â€
Thakker said installation of the machines, which are in transit, would start in January to enable commissioning in February.
He said they would replace the old weaving machines with new ones.
Thakker said that would create new jobs and also almost double Nyanza’s lint cotton consumption of 10,000 bales annually.
From 2001-2003, $2.6m (sh4.7b) was invested in the first phase of modernisation.