By forming a joint venture with Albazz Industrial PLC., Falcon Chemicals LLC, a United Arab Emirates based company, has decided to start producing construction chemicals in Ethiopia using local materials.

According to Mohammed Hassan, CEO of Albazz,, most of the raw materials needed for producing paint, coatings, adhesives and construction chemicals are found in Ethiopia. He added, being able to produce these products with local raw materials will create jobs, save foreign currency and reduce imports significantly. 

Mohammed further explained the products are useful for different factories such as carpentry, joineries, furniture factories, paper and packaging industry, paper converting industries, bottle labeling, printing and cigarette industry.

Falcon’s Manager, MItika Gocunlda, on his part said other products will be used as glass replacement plastic which will reduce costs of materials used in telephone poles by 50 percent. 

The State Minister of Industry, Mebratu Melesse, said some of the products, such as paint, will be used in the government’s housing program.

According to Capital, Falcon was first established in 1976 and now has diversified into several business sectors with wide marketing network access.

Source: Capital