Vlisco Group signs MoU with Nigerian government to
operate across cotton, textile and fashion sector
THE VARIOUS TEXTILE DESIGNS OF VLISCO 
The Dutch textile and design company, Vlisco Group, today signed a
Memorandum of Understanding with the Federal Government of Nigeria, creating a
platform for significant expansion in Africa’s largest economy. The Nigerian
government in December 2014 approved a major revitalisation and reform of its
Cotton, Textiles and Garment (CTG) sector. This will catalyse growth and
jobs in Nigeria across the entire value-chain from cotton to fashion.
The pathfinding
Memorandum of Understanding between The Vlisco Group and the Nigerian
government details wide-ranging collaboration and support. Vlisco Group intends
to offer Nigeria’s 188m consumers its four brands (Woodin, Vlisco, Uniwax and
GTP). The Group will participate across the sector value chain from sourcing of
cotton, textile printing, wholesale, retail and e-commerce distribution,
garment manufacturing and supporting and promoting Nigerian fashion
designers.
The MoU is expected
to yield benefits for the Nigerian economy in terms of economic diversification
and job creation in line with the Government’s Industrial Revolution strategy.
Vlisco Group’s activities are expected to generate more than 10,000 jobs in
Nigeria in the medium term.
The Honourable
Minster of Industry, Trade and Investment, Olusegun Aganga, commenting on the
MoU stated: ”The Government of Nigeria is
delighted to welcome this investment and partnership from the Vlisco Group into
Nigeria. We are determined to rebuild this historically important sector with
its job creation impact across the entire value chain from cotton fields to fashion.
We are looking forward to implementing this strategic partnership with the
Vlisco Group”.
Hans Ouwendijk, CEO
of Vlisco Group: “We commend the Nigerian Government for its focus on
revitalising this critical sector. The new policy enables the Vlisco Group to
invest in Nigeria and to contribute to the building of a vibrant CTG sector.
Nigeria is Africa’s largest consumer market and the opportunity to fully deploy
our brands and business models in Nigeria provides a major boost to our growth
ambition.”
Actis, as the
majority shareholder in Vlisco Group, fully supports the Nigerian Government’s
strategy for revitalising the textile sector. FashSawyerr, Director at Actis
LLP: ”We applaud the Nigerian government’s focus on revitalising its CTG sector
and diversifying its economy. We believe this significant agreement with Vlisco
Group will be highly beneficial to Nigeria, job creation and to the Vlisco
Group. We will provide our support to both parties to develop the intended
benefits and economic impact across the textile value chain in Nigeria.”
About
Vlisco Group
The Vlisco Group
designs, produces and distributes fashion fabrics for the West and Central
African market and African consumers in global metropolitan cities. Founded in
Helmond, The Netherlands, in 1846, the Vlisco Group and their fabrics have
grown into an essential part of African culture, receiving widespread attention
from the art, design and fashion worlds. Vlisco Group’s brand portfolio
consists of 4 brands: Vlisco, Woodin, Uniwax and GTP. The
company’s head office is located in Helmond as well as the design- and
production facilities for the Vlisco brand. For the other brands these
facilities are based in Ghana and Ivory Coast. The Vlisco Group has 8 sales
offices in numerous African countries and around 2,700 employees (900 in The
Netherlands and 1800 in Africa). For
more information visit www.vlisco.com
Notes to editors
No comments:
Post a Comment