KAMPALA, Uganda — Fine Spinners Limited has announced a further US$5 million investment in state-of-the-art textile manufacturing machinery, bringing the company’s total investment in its Ugandan mill to US$35 million since its incorporation.
The latest investment is part of the company’s growth strategy and is aimed at strengthening its production capacity and positioning its mill as one of the leading textile manufacturing facilities in sub-Saharan Africa.
According to the company, the new machinery will provide greater flexibility and significantly expand its ability to manufacture a wider range of textile products for the Ugandan market, other African markets and international export customers.
The investment comes amid growing demand for locally manufactured textile and apparel products across Africa, driven by population growth, urbanization and efforts by governments and businesses to strengthen local and regional manufacturing.
Fine Spinners says it intends to use this changing market environment to expand beyond its traditional markets and establish a stronger Pan-African manufacturing presence.
“This investment demonstrates our confidence in the future of textile manufacturing in Africa and our commitment to building a world-class manufacturing operation,” said Fine Spinners Chairman Jaswinder Bedi.
“By investing in advanced technology and expanding our production capabilities, we are positioning Fine Spinners to serve more customers across Africa while delivering greater value through local manufacturing,” he added.
Fine Spinners operates a vertically integrated textile manufacturing model that covers several stages of production, including spinning, knitting, dyeing, finishing and apparel manufacturing.
The company also places emphasis on the use of locally grown cotton, with the aim of strengthening value addition within the regional agricultural and textile sectors.
Bedi said the company’s objective extends beyond increasing production volumes to strengthening the entire textile value chain.
“Our focus is not simply on increasing production, but on strengthening the entire value chain; from cotton and yarn to fabric and finished garments, and creating products that can compete effectively in African and international markets,” he said.
He added that Fine Spinners is exploring opportunities to strengthen partnerships with customers, suppliers and other industry stakeholders as it expands its market reach.
The additional US$5 million investment is expected to support the company’s expansion into new African markets, with Uganda’s strategic geographical position and Fine Spinners’ existing manufacturing capabilities providing a platform for regional growth.
“Our ambition is to build a manufacturing platform that is firmly rooted in Africa but capable of competing globally,” Bedi said.
“The investment in new technology gives us the capacity to take that ambition further and to build stronger partnerships with customers and markets across the continent,” he added.
Beyond expanding the company’s commercial operations, Fine Spinners says the investment is expected to contribute to employment creation, technical skills development and the strengthening of the wider textile value chain..
The company manufactures a range of textile products, including cotton and industrial yarns, sewing threads under the A&E brand, knitted jersey and Pique fabrics, as well as finished apparel.
Fine Spinners operates a large-scale integrated textile manufacturing facility, commonly referred to as a MEGA mill, bringing multiple stages of textile production under one operation.
The company says its emphasis on local cotton and regional value addition forms part of its broader strategy to develop products capable of competing in both African and international markets.
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