Compagnie Malienne Pour Le Développement Du Textile
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The Compagnie malienne pour le développement des textiles (CMDT), created in 1974, is a
Mali Mali, officially the Republic of Mali, is a landlocked country in West Africa. It is the List of African countries by area, eighth-largest country in Africa, with an area of over . The country is bordered to the north by Algeria, to the east b ...
an
cotton Cotton (), first recorded in ancient India, is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus '' Gossypium'' in the mallow family Malvaceae. The fiber is almost pure ...
company. The company is owned by the Malian state and is charged with the production and marketing of Mali's cotton. It is based in
Bamako Bamako is the Capital city, capital and largest city of Mali, with a 2022 population of 4,227,569. It is located on the Niger River, near the rapids that divide the upper and middle Niger valleys in the southwestern part of the country. Bamak ...
and has several production sites through the country, in particular at
Koutiala Koutiala ( Bambara: ߞߎߕߌߊߟߊ tr. Kutiala) is a city in Mali in the administrative region of Sikasso, and is located 140 km north of the city of Sikasso. Koutiala serves as the capital of its administrative Cercle, home to 575,253 peop ...
and Fana. Partially privatized (the ''Compagnie française pour le développement des textiles'' holds a part of the shares), its total privatization was originally scheduled for 2008. This privatization, required by the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
is opposed by many Malian farmers. The Forum des peuples, which had a meeting in Fana in July 2005, also launched a petition demanding the abandonment of the privatization plan. As of early 2017, the company remained largely in government hands, with the Malian state owning 61% of its assets. On June 18, 2005 the CMDT inaugurated a new factory, with a capacity of 230 tonnes per day, in Ouéléssébougou, in the industrial zone of the ''Office de la haute vallée du Niger'' (OHVN). With this new factory the total capacity of the CMDT reached 575,000 tonnes of fibre per annum.


References


External links


Compagnie malienne pour le développement des textiles - Official site


Textile companies of Mali Companies based in Bamako Government-owned companies of Africa {{Mali-stub