AllAfrica.com
Juliet Waiswa
Kampala — SOUTHERN Range Nyanza Limited (Nytil) is to inject $35m aabout (sh68b) to revamp the factory and increase production to meet the regional demand, the chairman Picfare Group of Companies, Kishor Jobanputra, has said.
“We will invest in manufacturing quality textile, as we strengthen our distribution networks,” he said.
Nytil has in the last 10 years scrapped over 18,000 tonnes of old machinery and replaced them with new computerised ones for the required international standards.
It currently uses over 10,000 bales of cotton and prints 70,000 metres of cloth annually as compared to 3,000 bales and 35,000 metres it was producing in the past 10 years. The company has a turn-over of 1:2 with a market share of 12 to 15%.
The company’s has contributed to the national economy by adding value to the cotton by 50 to 70%
Although the price of organic cotton is sh650 per kilogramme, Jobanputra says that they buy cotton from ginneries in Lira and Kasese at a cost of sh150 per kilogramme.
