Fine Spinners Limited is investing a further US$5 million in textile manufacturing machinery, taking its total investment in its Uganda mill to US$35 million since incorporation.
The East African textile manufacturer said the new machinery will expand its production capacity and allow it to manufacture a wider range of products for customers in Uganda, other African markets and its export markets.
The investment comes as demand for locally manufactured textile and apparel products grows across Africa, driven by a larger consumer market, urbanisation and efforts by governments and businesses to expand local and regional manufacturing.
Fine Spinners said the investment is part of its plans to expand beyond its traditional markets and establish a stronger presence across Africa.
“This investment demonstrates our confidence in the future of textile manufacturing in Africa and our commitment to building a world-class manufacturing operation. By investing in advanced technology and expanding our production capabilities, we are positioning Fine Spinners to serve more customers across Africa while delivering greater value through local manufacturing,” said Fine Spinners Chairman Jaswinder Bedi.
Focus on local value addition
Fine Spinners’ business model includes processing locally grown cotton into yarn, fabric and finished garments.
The company says this approach supports a more integrated regional textile value chain by linking agricultural production with textile manufacturing and garment production.
“Our focus is not simply on increasing production, but on strengthening the entire value chain; from cotton and yarn to fabric and finished garments, and creating products that can compete effectively in African and international markets. We are also exploring opportunities to strengthen partnerships with customers, suppliers and other industry stakeholders as we expand our market reach,” Mr. Bedi said.
The additional US$5 million is expected to increase the company’s ability to enter new African markets, using Uganda’s location and Fine Spinners’ existing manufacturing operations as part of that expansion.
“Our ambition is to build a manufacturing platform that is firmly rooted in Africa but capable of competing globally. The investment in new technology gives us the capacity to take that ambition further and to build stronger partnerships with customers and markets across the continent,” Mr. Bedi noted.
The company also expects the investment to contribute to employment, technical skills development and growth of the textile value chain.
