Ayka Addis Textile & Investment Group, a Turkish textile company, has been declared the top textile and garment export performer in Ethiopia for the year 2013-14 by Ethiopian Textile Industry Development Institute (TIDI), Ethiopian Radio and Television Agency reported.
The communications director of TIDI, Bantihun Gessesse said that Ayka Addis Textile & Investment Group contributed around US$ 63 million, out of the US$ 111.45 million textile exports revenue in Ethiopia.
He said that Germany was the top importer of Ethiopian textile products, followed by Turkey, China, Italy and US.
He added that 2013-14 total export revenue of US$ 111.45 million represented 31.8 percent of the national US$ 350 million target for total textile exports.
He said the target was not achieved because of the shortages and low-quality cotton supplies, leadership capacity limitations, low productivity, delays in the construction of projects, and shortages of electricity.
Established in 2010, Ayka Addis Group, a vertically integrated subsidiary of Ayka Addis Textile & Investment Group, was established in Alemgena, Ethiopia. The company has created more than 10,000 jobs and now has the capacity to export textile products worth US$ 100 million.
The Ayka Addis Textile & Investment Group is one of the leading textile manufacturers from Turkey. (GK)
