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The Metal and Engineering Corporation urged the Ethiopian government to create a policy solution for the challenges associated with the taxed imposed on imported goods.

The tax imposed on imported manufacturing goods and raw materials for industrial use which are essential to the manufacturing process are much higher in Ethiopia than in other countries said Kinfe Dagnew, Brigadier General of the Corporation speaking to the House of People’s Representatives.

The tax imposed on locally manufactured goods are lower than in other countries of similar economic status which is encouraging to manufacturers but the taxes levied on imported equipment vital to the manufacturing sector remain high he added. Add a comment Add a comment

Adag International plc opened a cereal, spice and oilseed processing plant in Ethiopia. The factory was constructed on 4 thousand meter squares in Adama, Oromia Regional State.

The construction work on the factory was completed in nine months and required an investment of 15 million birr. The machinery for the plant was imported from the United Kingdom at a cost of 300 thousand birr.

The factory has the capacity to process 75 thousand tons of agricultural products daily for export purposes. Add a comment Add a comment

Julphar Gulf Pharmaceutical Industries is to officially launch a manufacturing plant in the Addis Ababa. The pharmaceutical plant constructed on 40 thousand square feet is near to completion with all machinery in place according to Kelly Daniell, Communications Manager for Julphar.

The manufacturing plant is designed to manufacture different medicines in solid and liquid form it was learned. It has the capacity to produce 150 million bottles of syrup and suspension medicines as well as 500 million tablets and 107 million capsules every year.

The company is yet to decide what types of medicine it will manufacture and will make its decision on the basis of the demand on the local market said Daniell. Add a comment Add a comment

The manufacturing plant constructed by Addis Transformer and Switchgears plc is ready to launch production. The company, which is a joint venture between Ethiopian company Bridgetech plc and Emirati Company Al-Nasser Industrial Enterprises, subsidiary Federal Transformer LLC was set up with a 300 million birr capital.

The factory constructed on 2500 meter squares at the Tatek Industrial Zone, in Oromia Regional state cost an estimated 100 million birr said Yeshiwas Shibabaw, managing director of Bridgetech Plc.

It took eighteen months to complete the construction work on the factory intended to manufacture switch gears as well as transformers. Add a comment Add a comment

Ethiopia reduced duties on imported materials for the textile and garment sector according to Sufian Ahmed, Minister for Finance and Economic Development.

The decision was made a meeting arranged between Sufian, and Mekonnen Manyazewal, Minister for Industry as well as senior representatives of the Ethiopian Revenues and Customs Authority, the Textile Development Institute and the Ethiopian Textile and Garment Association

Duties on imported textiles were reduced to 20 percent from 35 percent for garment manufacturers while no duties will be suspended for all imported spare parts required by textile and garment manufacturers.