KHUJAND, September 27, 2008, Asia-Plus — Women working with closed joint-stock company (CJSC) Kabool-Tajik Textiles ask the administration to resume the enterprise’s operation.
According to Ms. Munavara Ahmadova, chairperson of Kabool-Tajik Textiles’ trade union, women constitute some 90 percent of the enterprise’s employees. “They still believe that the enterprise will resume its work and asks the anti-crisis leadership to take efforts to speed up resumption of work of the enterprise,” Ahmadova said.
We will recall that Kabool-Tajik Textiles, which has a staff of more than 1,000 people, has not been in operation since March 19, 2008.
Kabool-Tajik Textiles is the Tajik-Korean joint venture. Tajik open-joint-stock company (OJSC) Abreshim (Silk) owns 44 percent of the shares and South Korea’s Kabool LTD assumes the 56% ownership interest in the enterprise. In former times, the enterprise had accounted for 24 percent of the volume of industrial goods produced in northern Tajikistan, while at present the joint venture owes more than $78 million to its creditors. According to the Khujand mayor’s office, Kabool-Tajik Textiles now owes $1.8 million to the Sughd farmers alone.
Kabool LTD manufactures man-made fiber fabrics and yarns. The company”s products include cotton, rayon, polyester, nylon, mixed fabrics, and blended fabrics. It focuses on the research and development of value-added fabrics, such as soybean and bamboo fibers. Kabool was founded in 1958 and is based in Taegu, South Korea.
