Picanol will have an info booth at ITME Africa 2020 from February 14th to 16th at Millennium Hall, Addis Ababa, Ethiopia. At booth E39, potential investors and other stakeholders can get all information on the brand new Omniplus-i airjet loom, Optimax-i – the world’s most reputed rapier loom, and GTMax-i 3.0, the youngest and most performing generation of the famous GTMax rapier family.
According to Picanol, ITME Africa has the ambition to become the focal point and catalyst for economic growth, employment generation and technology upgrade in Ethiopia and other countries in Africa.
Ethiopia in particular offers numerous advantages for investors. The country has the cheapest environment-friendly hydroelectric power supplies in the world, a very competitive labor potential in terms of cost and availability, a vast production of organic cotton and last but not least, they enjoy duty/quota free toward the EU and U.S. These combined have already resulted in impressive average economic yearly growth of 11% in the last 12 years, which is a proof of the possibilities in the region and greater Africa.
Upgrading the textile industry in these new industrial countries certainly needs special attention, not only to determine the right technology but also by providing all services around, such as consultancy during the project study, installation itself and training at all levels. Having all these products, services and specific expertise, Picanol is very well positioned to further support industrial development in Ethiopia and the African market and to “grow together” with its customers.
