Overview
Bahir Dar Textile mills S.C., vertically integrated textile company, manufacturing 100% cotton products, including yarns and fabrics .It was established in 1961 from the fund of Italian war reparation in the town of Bahir Dar, 570 km North West of Addis Ababa, Ethiopia. When the company was established, there were 563 Ethiopian employees of which 360 males and 203 females. The initial capacity of the mills was 20,000 spindles, 360 looms together with processing plant with the total output of 10 million meter square fabric per year. The legal shape to the company was given in May, 1961, when the Company was registered as a Public Corporation, in the name of The Bahir Dar Textile Mills S.C with a capital of Eth, Birr 9,649,600. The Government established National Textiles Corporation and the factory became under the corporation management and the business title changed from textile mills to textile factory. After 27 years of establishment of the factory; of the number weaving machineries reached to 423, the total employees raised to 3,000, the capital grew to16million Eth, Birr and the total production reached to 20million meter square per year. The Company employed during 2003 was approximately 1,980 people. However; at present there are 1300 employees. In 1989, the Factory rehabilitated its spinning and weaving section replacing most of the machines and renovating the rest with. 44.2 million Eth, Birr. As of September 1999, the Factory changed from a Public Enterprise to a Share Company and it was financially restructured. The name of the Company is again Bahir Dar Textile Share Company. Its capital amounts at present to 56,808,379 E. Birr.