A Chinese firm dealing in production of cotton as well as manufacturing, import and export of yarn, has harvested its first cotton in southern African nation of Zimbabwe.
A Chinese firm dealing in production of cotton as well as manufacturing, import and export of yarn, has harvested its #
Shandong Jin Fang Cotton Industry Technology Co. Ltd. has so far harvested 12,000 tons of cotton in Zimbabwe.
Last year, the Shandong based company set up a new company, Jin Mack Zimbabwe Cotton (Private) Limited, in collaboration with a private Zimbabwean firm that was engaged in the production and processing of cotton.
The company has invested more than US$ 30 million to acquire a 20,000 tons cotton production and processing base in Zimbabwe.
Founded in 2003, Jin Fang Cotton is located in the Gaomi Dense Industrial Park over an area of 50,000 sq m.
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