📋 Tender Overview
Project Number: 48528
Company Name: Royal Garments Group of Companies
Date ESRS Disclosed: Aug 6, 2024
Country: Kenya
Region: Africa
Environmental Category: B
Status: Pending Approval
Sector: Garment and Apparel (Without Fabric , Excluding Footwear)
Industry: Manufacturing
Department: Regional Industry - MAS Africa
Project Description
Royal Apparel EPZ Limited (RAL or the Company) is an apparel manufacturer founded in 2021 based in Kenya’s Athi River Export Processing Zone (EPZ). The company produces woven pants, knit tops, high-end hospital scrubs, and intimates to supply global apparel brands such as Dickies, Michael Kors, The Children’s Place, and Walmart (see: https://royalapparelepz.com/). RAL is a family-owned business and has two other sister companies, namely Royal Garment Industries EPZ Ltd. (RGI) and Royal Clothing EPZ Ltd. (RCL), which together form the RAL Group. The RAL group runs 4 facilities within EPZ, namely RAL Unit 1 combined with the group head office, RAL Unit 2, RCL and RGL.
IFC is proposing an A loan of up to US$15m to RAL to finance (i) the acquisition of equipment and establishment of new sewing lines to scale up RAL’s production capacity, (ii) construction of a 3kWh rooftop solar power plant, and (iii) construction of a textile wastewater effluent treatment plant with a treatment capacity of 230m3 per day.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
