A manager of Malian Company for Textile Development SA (CMDT) said that China and Mali have reached an agreement, and this Asian country will build two cotton spinning factories in this West African country.
According to the Dow Jones News Agency, CMDT CEO Dembe Lai last Thursday (December 1) said: "We will build a cotton spinning factory on 70 hectares of land in Bamaco.25,000 tons of cotton cloth, built a second cotton spinning factory on the 50 -hectare land in Cutetiala, with an annual production capacity of 20,000 tons of cotton. "Construction of Chinese companies.
He said that after the completion of these two factories, the proportion of machining cotton in Mali will increase from 2%to 10%.
Cotton is the second largest export commodity in Mali, second only to gold, and contributes 15%to the country's GDP.
According to CMDT data, due to the significant decline in cotton harvesting of pests earlier this year, Mali's cotton harvest will be lower than the 760,000 tons of the harvest seasons below 2021 to 22.
