2merkato

The Expansion project on the Fincha Sugar Factory intended to double the production of the factory has been completed.

The 4.5 billion birr expansion project is expected to raise the production capacity of the factory from 1.1 million quintals per annum to 2.7 million quintals of production every year according to Girma Wayu, Manager of the factory.

The expansion will also increase the production of ethanol at the factory to 20 million liters every year from just eight million liters at present he noted.

Dutch based shareholder of Habesha brewery, Bavaria N.V. acquired two seats on the board of the Ethiopian brewery according to the elections by the general assembly at Addis Ababa Exhibition Center this week.

The Dutch brewer will have 40% representation on the board while the other three seats on the board will be taken by former members of the brewery board, Mesfin Abi, Nahusenaye Araya and Eskinder Desta.

Bavaria will assign two representatives and the new chair of the board will be elected by the new board.

The American brand APC has deployed two of its management staff to Ethiopia in a effort to investigate the alleged prevalence of counterfeit UPS products.

Fake products are damaging to the image of the company said Christian Bertrand, Vice President for Africa and the Middle East with APC.

The company plans to deal with the challenge of counterfeiting through enlarging its product channel so that consumers can access a reliable source of the genuine APC product thereby eliminating counterfeit suppliers from the market and through enacting legal measures according to Bertrand.

A chlorine factory built in Ethiopia will begin production in September according to the Addis Ababa Water and Sewerage Authority.

The factory will help save an estimated 20 million birr spent on the import 500 tons of chlorine every year according to Engineer Emiru Mekonnen, Production Head with the authority.

The factory is part of the expansion program launched at a cost of 500 million birr at the Dire And Legedadi water reservoirs said Emiru.

The project to construct ten sugar factories launched in different parts of Ethiopia estimated to be worth 80 billion birr is progressing well according to the Ethiopian Sugar Corporation.

Various parts of the project including the construction of dams and roads, irrigation and infrastructure development is well under way in the parts of the country where the projects are being launched said Yilma Tibebu, Director of Legal and Public Relations with the Corporation according to Yilma Tibebu.  

The projects are being developed in the Afar, Amhara, Tigray and Southern Regional States as part of plans to enable the country to become one of the top ten sugar exporters in the world.