Charles Komar & Sons, the U.S. textile giant, should soon launch operations in Togo, at the Industrial Platform of Adetikope (PIA). The American firm will operate via its Sri Lankan subsidiary and cloth maker, Star Garments Group (SGG).
The firm plans to start building a factory at the PIA before the year ends. The plant, a cut-make-trim or CMT unit, aims to boost the production of ready-to-wear garments, including dresses, blouses, and children’s clothing, for export to international retailers. The total cost of the project is estimated at $25 million. The International Finance Corporation should back it with a $15 million loan. According to Star Garments Group, the factory will be built over 3.7 hectares and create around 2,000 jobs.
“The Star Garments Group plant is expected to have a variety of positive economy-wide effects, including national and regional value-added, resulting from increased exports through the expansion of CMT’s operations and the direct creation of 2,000 formal manufacturing jobs, mainly for women, and a greater number of indirect jobs,” said the IFC.
The Washington-based institution, it is worth mentioning, has positioned itself to support the deployment of the AIP, through its management company ARISE IIP, which is negotiating support of up to Є250 million for its activities in several countries, including Togo.
