Youngone Corporation: Multinational Company To Open KSh 5.3b Factory In Kenya, Create 2500 Jobs

• Youngone Corporation, a leading global manufacturer of outdoor and athletic clothing and gear, has announced its plan to open a new manufacturing facility in Kenya
• Youngone is set to invest $40 million (approximately KSh 5.3 billion) to establish a vertically integrated manufacturing factory which will manage all manufacturing processes
• Youngone's new facility is expected to initially create over 2,500 job opportunities and leverage 50 years of industry expertise for production

Elijah Ntongai, a journalist at TUKO.co.ke, has more than three years of financial, business, and technology research expertise, providing insights into Kenyan and global trends.

Nairobi - Youngone Corporation, a global leader in the manufacture of outdoor and athletic clothing, textiles, footwear, and gear, has announced plans for a new venture in Kenya's Athi-River EPZ (Export Processing Zone).

According to a press release seen by TUKO.co.ke, Youngone is planning a substantial investment of $40 million (about KSh 5.3 billion) to establish a vertically integrated manufacturing factory in Kenya.

What will the Youngone factory produce in Kenya?

This new facility will handle everything from knitting to dyeing to the manufacturing of garments.

"Youngone Corporation is planning for its newest investment to be in Kenya, Athi-River EPZ. Bringing in its 50 years of expertise, with an initial investment amount of $40 Million, Youngone intends to start a vertically integrated manufacturing factory, from knitting to dyeing to manufacturing of garments, initially creating more than 2,500 job opportunities," read the press release in part.

Where are Youngone factories located?

Youngone currently employs nearly 100,000 workers worldwide, with production sites in Bangladesh, Vietnam, El Salvador, Uzbekistan, and Ethiopia.

The company boasts an impressive export volume of $3.5 billion (about KSh 469 billion) annually, primarily to U.S. and European markets.

In November 2023, the EPZ Authority in Kenya announced the signing of a Memorandum of Understanding (MOU) in which Youngone expressed interest in investing in Kenya.

The corporation has expressed its gratitude towards the Government of Kenya, acknowledging the support provided from the project's inception to date.

Multinational hotel opens branch in Nairobi

Earlier on TUKO.co.ke, JW Marriott inaugurated its newest branch at Nairobi’s Westlands, located within the Global Trade Centre.

JW Marriott is poised to enhance Kenya’s tourism and hospitality industry levels, promising a positive impact on the nation’s economy and international standing.

President William Ruto highlighted JW Marriott’s’ contribution to Kenya’s economy, noting that the hotel’s opening will directly employ over 500 Kenyans.

Proofreading by Otukho Jackson, a multimedia journalist and copy editor at TUKO.co.ke