Turkish textile and garment companies are planning to move their factories to Ethiopia, with the assistance of Ayka Addis Textile and Investment Group, a Turkish company that made the same move three years ago.
Ayka submitted a proposal for the relocation of several Turkish textile and garment companies to the Ministry of Industry which has been already accepted. Add a comment Add a commentOptic fiber cable manufacturing plant built at a cost of 2.7 billion Ethiopian birr is scheduled to go operational in September 2013, Ethiopia Radio and Television Agency reported.
The plant will produce 24 thousand km optic fiber cable annually, when it becomes fully operational. Add a comment Add a commentYangfan Motors P.L.C., a Chinese based Company, is to expand its vehicle assembly plant in Ethiopia at a cost of US$4.2 million.
The company has been assembling vehicles during the past four years in Ethiopia. Yangfan Motors signed agreement on Thursday for purchase of its assembling and manufacturing facility with Eastern Industry Zone located in Dukem, Oromia Regional State.
Add a comment Add a commentTendaho Sugar Factory would begin test production in five months, according to the Ethiopian Sugar Corporation.
Tendaho Sugar Factory, designed to produce over 619 thousand tons of sugar annually on 50 thousand hectares of land is under construction in Afar Regional State of Ethiopia. Add a comment Add a commentConstruction of an irrigation dam for the 4.8 billion Ethiopian Birr Wolkayit Sugar Development Project will be launched soon, the Ethiopian Sugar Corporation said.
Kanoria African Textiles PLC, a subsidiary of India based Kanoria Chemicals & Industries, is establishing a denim fabric manufacturing factory in Ethiopia, the first of its kind in East Africa.
| USD |  |
27.9867 | 27.4379 |
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31.8348 | 31.2106 |
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35.5655 | 34.8681 |
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21.3070 | 20.8892 |
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7.6185 | 7.4691 |
