Tekstil Trans opens textile factory in Kyrgyzstan
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
Tekstil Trans Ltd has opened a new textile factory on February 1 in Kyrgyzstan’s northern Chui province. Kyrgyzstan’s Prime Minister Sooronbai Jeenbekov at the opening ceremony, said that opening of this enterprise will help reduce Kyrgyzstan’s dependence on the import of textile products, namely fabrics, which will allow lowering the production cost of domestic sewing industry.
The total cost of the new textile factory project is $9.5 million, including $7.5 million provided by the Russian-Kyrgyz Development Fund. At the initial stage, the factory will produce 9-10 tonnes of ready products per day or 225 tons per month, with further increasing the production capacity up to 30 tons per day. The new factory will also create 150 jobs.
Jeenbekov emphasised that the light industry is among priority sectors of Kyrgyzstan’s economy. Domestic textile products are in high demand in foreign markets. With the country’s accession of the Eurasian Economic Union, Kyrgyz entrepreneurs, including textile producers, have a good opportunity of entering a larger market.
CATEGORIES Industry Update
