Alpine Group company Paradise Textiles is setting up a US $102 million integrated fabric manufacturing facility in Alexandria’s Amreya Public Free Zone in Egypt named Alex Apparels and is expected to create new 1,200 jobs.
This plant will deploy the latest environmentally friendly technologies which will help reduce environmental impact and encourage sustainability and is also the first of its kind project in the Middle East which will have a LEED certification.
The Alex Apparels facility will manufacture high-performance polyester knitted fabrics primarily for activewear and sportswear for exports to the US market. Located next to Alpine Group’s existing garment manufacturing hub, the new plant will bring fabric manufacturing closer to garment production.
Of the total US $102 million investment, US $72 million will be financed by Commercial International Bank-Egypt in three tranches. The bank has already released the first tranche of US $35.5 million, with more funding scheduled and linked with construction milestones.
The project aims to reduce environmental impact and so will install lower-environmental impact production technologies and systems aimed at reducing water and energy usage. The Amreya Public Free Zone provides duty-advantaged access to the United States market through the Qualifying Industrial Zones agreement, while also being closer to countries of the European Union.
Alpine Group is a global leader in apparel manufacturing and textile innovation with over 40 years of experience, producing 50 million garments annually. Based in Taiwan and operating worldwide, they specialize in sustainable athletic and athleisure wear for major global brands.
While, Paradise Textiles is a technology-first, material science and innovation business, an industry leader with over 40 years of mastery in fabrics and apparel. In circular knits, the company produces various varieties of fabrics like Single Jersey, Double Knit, Rib, Pique, French Terry, Spacer, Bonded, Laminated and more while in warp knitting its manufactures Tricot, Power Mesh, Rachel and Jacquard fabrics.
