CEEC Applauds FAY FABRICS’ Fabric Value Chain Strategy
The Citizens Economic Empowerment Commission (CEEC) has applauded Fay Fabrics’ commitment to diversifying from just producing ready-to-wear fashion into textile sourcing, as this will lead to improving the competitiveness of local fashion products by lowering the price point of final pieces.
Speaking during a monitoring tour of various CEEC-funded projects in Lusaka province, CEEC Acting Director General, Nchimunya Monde has observed that the installation of the fabric-printing machinery in Lusaka District will make it easier for Fay Fabrics and other competing fashion enthusiasts to have locally-produced textiles at lower costs.
Gwendolyn Mulenga, the Chief Executive Officer (CEO) of Fay Fabrics pointed out that public subsidies for local textile producers and other upstream players (i.e. cotton growers, spinners, weavers, producers of zippers, buttons, etc.) could help ease trading.
In 2017, Fay Fabrics obtained a loan of K250, 000.00 from CEEC to acquire a fabric printing machine, that has since been installed, and has the capacity to print 60, 000 metres of cloth per month.
Faye Fabrics, which is subsidiary of Fay Designs’ existing garment business, has demonstrated that the garment value chain’s potential to create opportunities for various players in the industry, ranging from textile suppliers, manufacturers, producers, to sellers and can, therefore, strongly contribute to economic diversification.