AFRICAN EXPANSION! Fine Spinners Pumps Sh19.7bn Into New Machinery
Ugandan textile manufacturer Fine Spinners Limited is investing $5 million in new machinery to expand production and increase its reach across African markets. This investment aims to strengthen the local textile value chain and capitalize on the growing demand for locally manufactured apparel.
Why it matters
This investment signals a broader trend of industrial growth and regional economic integration within the African textile sector.
KAMPALA – Uganda-based integrated textile manufacturer Fine Spinners Limited is investing an additional US$5 Million (about Shs19.7 billion) in state-of-the-art machinery as it moves to expand production, strengthen local value addition and penetrate new African markets.
The fresh investment brings the company’s total investment in its textile mill since incorporation to US$5 Million (about Shs137.6 billion), according to the company.
Fine Spinners said the new machinery will significantly boost its production capacity and give the company greater flexibility to manufacture a wider range of textile products for the Ugandan and African markets, as well as meet the requirements of export customers.
The investment comes as Africa’s textile and apparel industry experiences growing demand for locally manufactured products, driven by an expanding consumer market, urbanisation and efforts by governments and businesses to deepen local and regional manufacturing.
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