5 January 2019

Ethiopia: Chinese Firm Makes First Shipments Worth $100,000

Photo: Addis Fortune
Antex Groups, a Chinese manufacturing firm, exported its first batch of textiles produced in its plant at the Adama Industrial Park.

Antex Groups, a Chinese textile manufacturing company that operates in Adama Industrial Park, made its first shipment of textiles valued at 100,000 dollars.

The company exported a container of swimwear to Europe last week, with a launching ceremony attended by officials from the Ethiopian Investment Commission and Industrial Parks Development Corporation.

Inaugurated months ago, Antex was the first company to enter Adama Industrial Park, leasing eight sheds with an investment of five million dollars. The company has created job opportunities for 1,500 individuals.

Established 15 years ago, Antex Groups is based in Zhejiang Province in China and has investments worth 247 million dollars in Vietnam, Spain, the United Kingdom and the United States.

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