Tunisia’s Société Monastirienne Internationale des Textiles (Somotex) is offering investors the opportunity to acquire its assets according to the decision of the district court of Monastir for the compulsory liquidation of the company. The closing date for submission of bids is May 30, 2003.
The process of sale the sale is an open international tender. The purchase concerns all the assets in possession of Somotex including property and facilities including spinning mills and weaving installations, annexes, spare parts and furniture. Investors may participate singly or as a consortium.
The company’s spinning mill output capacity is 4,000 tons per year and its weaving output capacity is 6,400 kilometers per year with the possibility to extend the capacity to 14,000 kilometers by adding new weaving looms.
Established in 1990 as an incorporated company, Somotex is located on a 41,806 square meter area including the administration and all production facilities. The proximity of the commercial port of Sousse and the international airport of Monastir constitutes a strategic asset for the development of exportations. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
