2merkato

Salasar Compounds plc, Indian owned manufacturer of plumbing fittings is to launch products. The company will be manufacturing cover faucets for bathrooms and kitchens under the Abay brand.

The plumbing fittings will be manufactured in three styles all with anti-rust qualities for use in all types of bathroom and kitchen faucets. The three styles have been labeled Classic, Diamond and Eco.

Salasar expects to have 20 products on the market within six months according to the company.

Five Ethiopian packaging manufacturers applied for quality certification to produce the standard boxes for flower exports. The standard packaging was established by the Ethiopian Conformity Assessment Enterprise.

The five companies requiring certification for the production of the packaging are Addis Ahadu packaging plc, Balaji Packaging plc, Burayu Development plc, DA packaging plc and Ethio pulp and paper SC.

The companies have presented sample boxes manufactured according to the specifications set and which are undergoing testing by the ECAE. The ECAE is expected to announce the results of the testing in two weeks time.

Ethiopian manufacturers and processors expressed their concern over the cheap and low quality goods imported from China.

Representatives of various Ethiopian businesses expressed their disappointment with poor quality of Chinese products that are currently flooding the market at a meeting with a Chinese business delegation of the International Trade Promotion Chamber of Commerce visiting Ethiopia.

A significant proportion of Chinese imports are of below the standards of quality established for the market noted the representatives at the meeting organized by the Ethiopian Chamber of Commerce and Sectoral Associations.

The Ethiopian Manufacturing Sector has earned an income of 72 million US dollars in the first quarter of the current fiscal year according to the Ministry of Industry.

Ethiopia has set out to acquire 471.2 million US dollars in revenue from leather, agro-processing, textile, chemical and pharmaceutical sectors this budget year according to Melaku Taye, Communication Director for the MoI.  The revenue registered for the first quarter exceeded that earned in the same time period of the last fiscal year by 104.4% explained Melaku.

The Ethiopian manufacturing sector failed to meet the projected earnings with the various sub sectors bringing in between 63% and 49.4% of anticipated earnings.

The textile and garment sub sector earned 84.6 million US dollars which falls short of the 171.4 million US dollars projected for the past fiscal year. The earnings from the sector where however 36% more than what was earned by the sector in the previous year according to information obtained from the Ministry of Industry.

Ayka Addis Textile and Investment Group is responsible for 71% of the earnings from the textile sector.