Farida Group Establishes a Tannery in Ethiopia

The Farida Group based in Chennai, India has launched a tannery in Ethiopia. The tannery is intended to target the export market including to India.

The new tannery commissioned at the end of the last year is expected to have the potential capacity to manufacture an estimated 800,000 sq. ft of leather, said  Rafeeque Ahmed, Chairman, Farida Group.

The factory was launched through Farida’s international subsidiary in Singapore. The plant will supply finished leather to the international markets as well as catering to the leather requirements of the Farida group according to Ahmed. The Farida Group is among the largest exporters of footwear and makes leather footwear for leading international brands.

It currently has multiple leather footwear production units and tanneries in Tamil Nadu. The total footwear production capacity is over 22,000 pairs a day.

In related news Ethiopia secured more than 57 million Birr in revenue from the export of leather and leather products in the last two quarters according to the Leather Industry Development Institute.

The revenue was secured from the export of various value-added products including clothes, footwear, and leather gloves as well as finished leather and other leather articles said Berhanu Serjebo, Director of Corporate Communication of the Institute.

Source: www.thehindubusinessline.com

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