Project Description
Cotton Spinners is a locally owned limited liability company owned by an indigenous Malawian entrepreneur. The company is yet to be operational but the promoter has done substantial assessment studies to establish the potential of the proposed venture.
On average, Malawi produces cotton on about 200,000 hectares in the lower shire valley and the lake shore areas. The lower Shire valley accounts for about 50% of the production, southern re¬gion uplands around 36% and the lake shore areas the remaining 14%.
There are currently 11 ginning companies in Malawi with a com¬bined ginning capacity of more than 150,000MT per annum, and only one spinner of cloth in the country.
Project Location
The project will be located in Liwonde, Balaka district, which is proximate to the export route of Beira, the shortest export route to extra-regional markets. It is the most proximate to regional markets of Mozambique, Zimbabwe, and Zambia and beyond
Current Status/ Stage of Project
Non-operational
Actions Required/ Implementation Arrangements/ Contract Type
Equity/Financial partners who can take up at least 49% sharehold¬ing in the total project.
Availability of Pre-Feasibility Studies, Feasibility Studies, and other Studies
A feasibility study report is available.
Estimated Cost of the Project
US$30 million.
Cotton Spinners is a locally owned limited liability company owned by an indigenous Malawian entrepreneur. The company is yet to be operational but the promoter has done substantial assessment studies to establish the potential of the proposed venture.
On average, Malawi produces cotton on about 200,000 hectares in the lower shire valley and the lake shore areas. The lower Shire valley accounts for about 50% of the production, southern re¬gion uplands around 36% and the lake shore areas the remaining 14%.
There are currently 11 ginning companies in Malawi with a com¬bined ginning capacity of more than 150,000MT per annum, and only one spinner of cloth in the country.
Project Location
The project will be located in Liwonde, Balaka district, which is proximate to the export route of Beira, the shortest export route to extra-regional markets. It is the most proximate to regional markets of Mozambique, Zimbabwe, and Zambia and beyond
Current Status/ Stage of Project
Non-operational
Actions Required/ Implementation Arrangements/ Contract Type
Equity/Financial partners who can take up at least 49% sharehold¬ing in the total project.
Availability of Pre-Feasibility Studies, Feasibility Studies, and other Studies
A feasibility study report is available.
Estimated Cost of the Project
US$30 million.
Contacts
The Managing Director, Mr. Richard KazembeCotton Spinners Company Limited
P/Bag 86, Lilongwe, Malawi.
Tel : +265 (0) 1 773 330
Fax : +2651775595
Cell : +265 (0) 888 843 482
Cell : +265 (0) 888 843 482