The first industrial foreign investment project of Guolian Group-Wuxi No.1 Cotton Mill Ethiopia Textile Manufacturing Base was officially signed
Dec 05, 2017 ｜ by Flora
In November 2nd, the first industrial foreign investment project of Guolian Group-Wuxi No.1 Cotton Mill Ethiopia Textile Manufacturing Base was officially signed. The old brand textile enterprise - Wuxi No.1 Cotton Mill was going to construct a textile manufacturing base of 300,000 spindles in Ethiopia, so as to accelerate the step of “going global”. The textile manufacturing base project signed this time is another important practice of Wuxi enterprises to respond to the national “The Belt and Road Initiative” and promote international capacity corporation. The implementation of the project not only can accelerate the step of Wuxi No.1 Cotton Mill to transform and upgrade, but also take the demonstration and leading function for Wuxi enterprises to “go global”.
The vice chairman of Ethiopia National Investment Committee expressed that Ethiopia is striving to study the development model of China and putting great efforts to build its country into the manufacturing center leading in Africa. The investment project of Wuxi No.1 Cotton Mill will help Ethiopia to accelerate the transformation and upgrading of its economic stricture. Ethiopia attached special importance to the construction of this project. It would great efforts to provide support and service, thus ensuring the smooth implementation of the project.
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