Two companies owned by 2 multinational corporations investing in Ethiopia, Heineken Brewers SC and Meta Abo SC, have gone to litigation. Such was following the suit instigated by Meta Abo against Heineken.
Metals and Engineering Corporation (METEC) inaugurated Construction Machinery Assembly and Manufacturing Factory on May 19, 2015 at Debre Berhan Town, Ethiopian Herald reported.
Ethiopia's Metal and Engineering Corporation (MetEC) is planning to sell the two vessels, ‘Abay Wonz’ and ‘Abyot’, it acquired last year from the Ethiopian Shipping and Logistics Service Enterprise (ESLSE).
Initially, MetEC planned to use the ships to transport its own cargo before using them as scrap metal, however, the corporation changed its plans after experts confirmed that the vessels are still operable, Brigadier General Kinfe Dagnew, Director General of MetEC, told Capital.
Metal and Engineering Corporation of Ethiopia (METEC) signed a Memorandum of Understanding (MoU) with the government of Somalia to build industrial capacity of the latter. The agreement was signed on July 9, 2016.
Ethiopia’s state owned Metal and Engineering Corporation (METEC) under its locomotive industry has started producing railcars in the aim of substituting them locally.
