2merkato

The Metehara Sugar Factory, Ethiopia has netted more than 500 million birr from the sale of an estimated 930 thousand quintals of sugar and 7.6 million liters of ethanol in the last financial year.

The company has invested in developing its technical capacity and human resources towards enhancing its production levels in the last fiscal period noted Bizuneh Assefa, Manger of the plant.

Efforts undertaken by the factory include a range of upgrades including the refurbishment of older machinery he said.

The international Chinese footwear giant Huajian has been granted additional land for industrial investment outside the Ethiopian Capital, Addis Ababa.

The company has already launched production activity in its industrial plant found in the Chinese Eastern Industry Zone in Oromia Regional State and has been granted the new plot by the city administration of Addis Ababa.

The company has been granted 320 hectares of land from the city according to Birhanu Sirago Head of Public Relations with the Leather Industry Development Institute.

Faffa Foods SC, Ethiopia introduced two new flavors of one of its latest products, Saba powdered soy milk at an even organized at the Sheraton Addis last week.

The event organized to promote the new product was attended by representatives from American innovator of Soy products, food ingredients and other nutritional products, Solae. The representatives were able to give a presentation on the various products offered by the company.

Saba Soy milk is packaged in Ethiopia with the powdered milk imported from one of the Solae branches in Kenya according to Zeku Ebro, General Manager of Faffa Foods SC.

Ethiopian Sugar Corporation has supplied over 4.3 million quintals of sugar to consumers during the fiscal year. More than 1.8 million quintals of the sugar supplied to consumers was imported by the government to stabilize the market according to the corporation report.

The difference of 2.6 million quintals was produced by locally by Fincha, Metehara and Wonji-Shoa factories. The factories were also able to produce more than 11 million liters of ethanol during the same period.

A wire and cable manufacturing plant was inaugurated in Ethiopia by Siraj Fegesa Minister for Defense. The manufacturing planted constructed in the Oromia Regional State is expected to contribute towards alleviating the shortage of electric wires and cables in the country he said at the inauguration ceremony.

The products manufactured by the plant are expected to play a significant role in supporting the large infrastructural projects in the country including the construction of hydro electrical dams, railway systems, sugar factories, fertilizer factories, road networks and other industrial initiatives that are part of the national development agenda according to Shambel Assefa Yohannes, Manager of the Ethiopian Power Engineering Industry.