Keeping Your Business in Mind

Youngone Corporation to invest $40M at Athi River EPZ firm

By Antynet Ford

Top Global apparel and footwear  manufacturer Youngone will set up a factory at the Athi River Export Processing Zone (EPZ).

This has been announced today by the Cabinet Secretary for the Ministry of Trade and Industrialization Rebecca Miano.

This is set to create 2,500 job opportunities.

The Export Processing Zones Authority (EPZA) received a Manufacturing application form with all the required attachments from Youngone Kenya EPZ Limited (Proposed) by April 21, 2024 and issued an Approval in Principle Letter on 25 April 2024.

This comes as the government through the ministry of Trade has been seeking for more investors in the textile industry to drive local production while creating more jobs for its citizens.

Youngone Corporation a South Korean firm is set to be the first ever synthetic fibre manufacturer setting base in Africa, using Kenya as the launch pad coming with an initial investment of $40 million.

Youngone intends to start a vertically integrated manufacturing factory, from knitting to dyeing to manufacturing of garments.

The first Phase is expected to start production in first quarter of 2025 with approximately 2500 employees.

Founded in 1974, Youngone Corporation is a premier performance and outdoor apparel, footwear and accessories manufacturer.

The Corporation owns and operates production facilities in Bangladesh, Vietnam and El Salvador with more than 80,000 people directly employed.

Youngone’s integrated system has enabled them play an important role in the socio-economic development of the countries it works in.

Its diverse and innovative service portfolio, matched with an unrelenting standard of quality, has provided the long-term vision and standard for the company’s philosophies.

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