Ethiopia Steel PLC disclosed it has started producing a new product, C purlins. The new product is said to be used to support systems for of roofing and making cold rolled steel.

The company is engaging in such production after investing 12 million Birr.

The company’s Ethiopia sales manager, Geoff Antony, explained “We are going to expand with another factory in October”. “The steel industry in Ethiopia is lagging behind other African countries.”

According to Fortune, Ethiopia Steel is a member of Safal Group, which is the largest steel roofing manufacturer in Africa. It was in 1997 that the company started operating in Ethiopia by producing steel roofing products. It now has expanded to Gonder, Hawassa and the capital city.

Currently the company’s capital is 150 million Birr and it employees 130 people. It is now considering to increase its number of employees.

Source: Fortune