DUSHANBE, July 14, 2015, Asia-Plus — One of Tajikistan’s largest textile enterprises, Kabool Tajik Textiles, will resume operations soon after being closed for seven years.
An official source at the Khujand mayor’s office says Kabool Tajik Textiles will resume processing of cotton.
“Recovery work at the enterprise is expected to be finished by the end of this month and Kabool Tajik Textiles will resume operations in mid-August,” the source said, noting that recovery work is being carried out under the guidance of specialists from Germany’s BIMACO.
Closed Joint-Stock Company Resandai Tojikiston RBT was reportedly established on the basis of Kabool Tajik Textiles.
Founded in Khujand in 1994, Kabool-Tajik-Textiles was the Tajik-Korean joint venture. South Korea’s Kabool LTD assumed the 56% ownership interest in the enterprise and Tajik open-joint-stock company (OJSC) Abreshim (Silk) owned 44 percent of the shares. In October 2008, Abreshim sold its equity stake in the enterprise to Zarin Holding Limited at 500,000 U.S. dollars.
The enterprise has not been in operation since 2008.
