Despite ongoing challenges, Tigray's industrial sector is showing signs of recovery with the launch of 227 new businesses in the past nine months, according to Minister of Industry Melaku Alebel.
Tikur Abay Transport Plc bought Bekelecha Transport SC from Privatization and Public Enterprises Supervising Agency (PPESA) for 325 Million Birr.
Ambassel Trading House PLC, one of the subsidiary companies for TIRET, has bought Kombolcha Textile after it has settled the 35 percent down payment required for privatization. It was for 450 million that Ambassel acquired the enterprise from Ethiopia’s government.
Top water bottling company plans to improve its production by 133%. The company entered the market recently and it is investing Birr 40 million to achieve its plan. The company’s bottling capacity will increase to 42,000 liters of water per hour from its current production capacity of 18,000 liters of water when it plants a water purification and bottling machine which is expected to arrive within two months from China.
A groundbreaking ceremony on May 8th, 2024, marked the official start of construction for Toppan Gravity's USD 55 million manufacturing facility in Bole Lemi Industrial Park.
