Ethiopian Steel Bar Manufacturing Companies at 61% Capacity
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.
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The manufacturer expects to commence full blown production within the next three to five years according to Habte Hadish, General Manager of MIE.
launched in Ethiopia in the near future. Among the products that will be produced by the factory will be solar panels with the ability to generate as much as 60 watts of electricity, charge controllers and Light Emitting Diode lamps which are known for being electricity efficient.
