INDUSTRY II

closed

The proposed project will assist the Government in implementing the first phase of the rehabilitation and modernization requirements of the SOGITEX Group. The objectives of the project are to expand and improve SITEX's production so as to enhance the competitiveness of the company in export markets and prepare the ground for the rehabilitation of SITER, SOMOTEX and TISSMOK. The proposed project comprises the following components: (i) expansion and improvement of SITEX's production by reconditioning spinning and winding equipment and upgrading service facilities at Sousse, by expanding and upgrading the existing weaving and finishing facilities at Ksar Hellal, and by providing essential incremental working capital; (ii) balancing of the existing production facilities as well as overhauling of selected equipment and provision of essential spare parts and accessories to SITER, SOMOTEX and TISSMOK; and (iii) technical assistance to help SITEX prepare and implement its rehabilitation and expansion program, to upgrade the management and accounting systems of SITEX, SITER, SOMOTEX, TISSMOK and the holding company, and to strengthen, marketing capabilities and prepare future investment plans for SITER, SOMOTEX and TISSMOK.