The Expansion project on the Fincha Sugar Factory intended to double the production of the factory has been completed.
The 4.5 billion birr expansion project is expected to raise the production capacity of the factory from 1.1 million quintals per annum to 2.7 million quintals of production every year according to Girma Wayu, Manager of the factory.
The expansion will also increase the production of ethanol at the factory to 20 million liters every year from just eight million liters at present he noted.
The factory is equipped with world class technology and technological know-how from India according to VK Jain General Manager of contractors OIA India PLC.The cost of the expansion project launched three years ago was covered by a loan from the Indian EXIM
Bank.
The factory has also been able to develop its sugar cane plantation from 6700 hectares to 16 000 hectares and has plans to cover an additional 5000 hectares with sugar cane said Girma.
The Fincha factory is expected to offer employment opportunity to 15 thousand people once the project becomes fully operationally in October he added.
Source: The Ethiopian Herald
