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Taiwan to invest US $85 million

    JOHANNESBURG

    Taiwan’s Nien Hsing Textile company has signed an agreement with the Swaziland government to build three textile plants in the country costing US $85 million, media reports said on Wednesday.

    The three denim plants - to be built in the Matsapha industrial zone next May - are expected to produce 1.08 million pairs of jeans and 2.2 million yards of denim each month.

    A foreign ministry official said: “The investment project will strengthen economic ties between the two states,” adding that about 4,500 jobs will be created.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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