Kanoria Chemicals & Industries Ltd said on Monday that its wholly owned subsidiary Kanoria Africa Textiles Plc, Ethiopia commissioned its $30 million and 12-million-metre-a-year denim fabric plant in Ethiopia.
The plant has 16 acres of land 50 km off the Ethiopian capital Addis Ababa.
The unit has spinning (1440 rotors), weaving (60 looms) units, a dyeing facility and a finishing line. The plant also has access to local long-staple cotton, low-cost energy, duty-free access to the US, Canada and EU and tax incentives.