Assela Malt Factory, Ethiopia is to launch another production facility to increase the company’s production capacity to 61, 000 tons, an increase of 144%.

The new addition to the factory is expected to cost 280 million birr.

The malt factory made the decision to expand due to the increasing demand for malt on the national market forcing beer factories to import malt according to Kiros Abreha General Manager of Assela Malt Factory.

Eight new textile projects and expansion programs are expected to become operational in Ethiopia this fiscal year. The projects are scheduled for completion with a combined investment of over 4.4 billion birr.

Five of the projects underway are being newly constructed at a total estimated cost of 3.4 billion birr and are expected to employ 3000 people.

The remaining three projects are initiatives to expand existing plants at a total cost of more than a billion birr to offer employment for a further 1800 people.