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Chinese Firm Set to Double Investment

Sep 14 , 2019

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Sunshine Ethiopia Wool Textile Plc, a Chinese textile manufacturer, is set to increase its investment portfolio to 980 million dollars. The textile firm, which has been operating in Adama Industry Park, has a registered investment capital of 350 million dollars. In its phase two expansion project, the company plans to boost its current export revenue from 10 million dollars to 100 million dollars, according to Chen Min, general manager of Sunshine Ethiopia Wool. The firm has an annual production capacity of 10 million tonnes of wool fabrics and 600,000 sets of suits. Sunshine Ethiopia is a company under Jiangsu Sunshine Group Co. Ltd, which was established in 1993 and is based in Jiangyin, China.

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