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Star Garments Group: the company wants to start its construction activities in Togo

03/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Star Garments Group (SGG), a Sri Lankan clothing manufacturing company and a subsidiary of the American textile giant Charles Komar & Sons plans to launch construction work on its clothing manufacturing plant at the Adé industrial platform before the end of this year ; tikopé (PIA) built and operated by

ARISE IIP.

SGG plans to increase, through this industrial unit responsible for cutting, sewing and finishing activities (Cut-Make-Trim, CMT), its production of ready-to-wear clothing (dresses, blouses, children's clothing, etc.) which will then be exported to international retailers. The factory, whose activities will start very soon in Togo, will extend over 3.7 ha and should employ 2,000 people. The cost of the project is estimated by the company at 25 million US dollars (approximately 15.5 billion FCFA). To raise this amount, SGG requested a loan from the International Finance Corporation (IFC or IFC

in English).
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