The Italian apparel/fashion manufacturer company Calzedonia Group inaugurated ITACA Textile Plc., a 15-million USD investment, in Ashegoda, near Mekelle city, Tigray Regional State, on Friday 19 October.
This is Calzedonia’s first factory on the African continent.
In terms of job creation, the factory will offer employment opportunities to 1300 people and is currently exporting 22 million Ethiopian birr worth of products every month.
During the inauguration, ITACA CEO Federico Fraboni said the factory has already started exporting clothes to different European countries.
Calzedonia specializes in hosiery, leggings, socks, and swimwear for women, men, and kids.
The location of the factory has proximity to Eritrea’s Massawa port and is expected to contribute to regional economic growth.
Mekelle Industrial Park which was constructed at the cost of 100 million dollars and inaugurated in 2017 is housing the factory.
According to the Investment Director at Tigray Trade, Industry and Urban Development Bureau, Haftom Fantahunegn, two additional textile factories will start production soon.
