Chemicals and Construction Materials Development Institute announced two more cement factories will commence production in four months time. The factories are Ethio Cement and Dangote.

Samuel Halala, the Institute’s Director General, said 90 percent of Ethio Cement’s construction is completed while 75 percent of Dangote is finalized.

The Director General added upon commencing production the two factories are expected to push the nation’s capacity to 15.7 Million Metric Tons which currently stands at 12.2 Million Metric Tons.

Following the cement shortage in the country, some two and three years ago, many investors managed to engage in cement production, Samuel added. He furthered some 18 of the 24 projects licensed for cement production have already commenced production.

Private investment’s increment in the area is enhancing the nation’s aim of meeting local demand and also exporting cement to neighboring countries.

Ethiopia has collected a total of U.S $ 7 Million from exporting cement in the first 10 months of the current fiscal year.

Ethiopia plans to earn U.S $ 20 Million from exporting cement in the coming budget year.

Source: Ethiopian News Agency