Tex-Ray Industrial Co., Ltd., a textile and apparel manufacturing group based in Taiwan, has announced plans to inject between US$50 million and US$80 million into Eswatini’s industrial sector, signalling growing confidence in the country’s investment climate and the proposed Taiwan Industrial and Innovation Park (TIIP).
Speaking during the Taiwan-Eswatini Investment Workshop held at Mountain View Hotel on Wednesday, the Tex-Ray Chairperson, Ray Lin, revealed that his company is preparing a major expansion under the TIIP framework, which will include the establishment of multiple manufacturing facilities in the Kingdom.
“This is the second step of TIIP development,” Lin said. “We are planning to invest between US$50 million and US$80 million to build our headquarters and five factories here.” According to Lin, the planned investment will cover a range of industries, including textiles, printing, and embroidery, with a strong emphasis on high-tech and environmentally sustainable production systems.
Lin noted that the success of this initial phase would be critical in unlocking further expansion under subsequent phases of the programme.“If the first phase is successful, I believe our government will support us in moving into the second and third phases,” he said. “This is a very important mission for us.”
Noting that the company has operated in Eswatini for over two decades, Lin pointed to the country’s supportive business environment as a key factor behind the planned expansion. “My company has been here for 24 years, and we have had very smooth growth,” he said. “Even when we face challenges, the government has always supported us in solving problems.”
His remarks underscore a growing perception among foreign investors that Eswatini offers a stable and enabling environment for long-term investment, supported by government facilitation and access to regional and international markets.
Government is leveraging initiatives such as the TIIP to accelerate industrialization, diversify the economy, and create employment opportunities, particularly in the manufacturing sector. The planned investment by Tex-Ray is expected to contribute significantly to these objectives, with the potential to create jobs, transfer technology, and strengthen local value chains.