A new plastic pipe and conduit manufacturing factory, established at a cost exceeding USD14 million in Adama Industrial Park, has commenced operations.

The facility is a collaborative venture between local company E.Z.M Trade and Investment and Chinese plastic pipe manufacturer Refo International. The factory, managed by Mr. Habtamu Darge, aims to replace imported pipe and plastic products while also announcing plans to export its goods to East and Southern African countries.

Gulilat Abebe, manager of Adama Industrial Park, highlighted the facility's crucial role in the country's construction material supply. He noted that all sheds in the park are occupied by 13 companies, with more than 8,000 job opportunities created by seven operational companies in the last eight months. Additionally, products from the park have reportedly replaced nearly one billion birr in imported goods.

Hailu Jelde, the Mayor of Adama, emphasized the city administration's commitment to industrial development, providing over 2,000 hectares of land for investment and facilitating essential infrastructure like water, roads, and power supply. Efforts are underway to transform the city into an industrial center, with a focus on digitalizing service delivery for investors.

Aklilu Tadese, CEO of the Ethiopian Industrial Development Corporation, highlighted the increasing participation of foreign and local investors in the country's 13 industrial parks. The newly operational pipe and plastic manufacturing factory in Adama Industrial Park serves as a testament to this trend. Tadese pointed out that these industrial parks have contributed significantly to exports, generating 1.1 billion dollars in the last three years and saving foreign exchange through the production of substitute products valued at over 500 million dollars.

Source (including image): Ethiopian News Agency