Founded 1974 | ||
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CEO Baba Berthé (20 Oct 2016–) | ||
The Compagnie malienne pour le développement du textile (CMDT), created in 1974, is a Malian cotton 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 and has several production sites through the country, in particular at Koutiala and Fana.
Partially privatized (the Compagnie française pour le développement du textile holds a part of the shares), its total privatization is scheduled for 2008. This privatization, required by the International Monetary Fund 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.
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.