Friday, 15 February 2013

Farida Group sets up tannery in Ethiopia


The Chennai-based Farida Group has established a tannery in Ethiopia to cater to export market and, if needed, for imports into India. The group is among the largest exporters of footwear and makes leather footwear for leading international brands.

The tannery about 70 km from Addis Ababa was commissioned towards the end of last year with a capacity to produce about 800,000 sq. ft of leather, according to Rafeeque Ahmed, Chairman, Farida Group.
The unit has been set up through Farida’s overseas subsidiary in Singapore. It is an independent unit that will cater to the markets for finished leather. It will export leather to the overseas markets and if needed supply to Farida Group’s requirements here, he said.

The African country is a rich source of quality raw material and setting up a tannery is a good value addition, he said. The Group has multiple leather footwear production units and tanneries in Tamil Nadu. The total footwear production capacity is over 22,000 pairs a day.
http://www.thehindubusinessline.com/companies/farida-group-sets-up-tannery-in-ethiopia/article4357846.ece

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