The capacity of Ethiopian reinforcement steel bar manufacturing companies is at 61% according to the Metal Industry Development Institute of Ethiopia.
The companies were able to increase their capacity from 41% according to Fite Bekele, Director of the Institute Corporate Communication Directorate.
The Institute expects to raise the production capacity of the companies to 95% by the end of the GTP plan said Fite. The companies are receiving a range of support with this plan in mind he said.
Ethiopia is looking for Indian, Ukrainian and Turkish companies to supply steel billets to reduce manufacturing costs of the domestic steel sector.The import of the billets will be facilitated by the Ethiopian Metal Industries Development Institute. The plan for the government import of the billet for the steel sector was generated within the industry said Workeneh Delelegn, Director General of the EMIDI.
The program is expected to benefit the seven Reinforcement Bar manufacturing industries currently in operation in the country.
The institute expects to import an estimated 20 thousand tons of billets every six weeks from manufacturers in the three countries on the basis of the requirements presented by these companies explained Workeneh.
Source: Walta Info
