Belgian company, Celio International, is looking into opening a textile and garment factory in Ethiopia. Celio, which specializes in men’s clothing, came to Ethiopia on January 12, 2014 as part of a trade mission, Capital reported.
The Federal High Court has adjourned the serious fraud charge filed against two of the six founders of the Addis Prefab Houses Manufacturing Industry S.C – Fikremariam Alemu and Yosef Asegedom – until, February 4, 2014. This decision came following a request from the prosecutor for more time to review pleading documents, Fortune reported.
Despite the emphasis the government has placed on the contribution of the manufacturing industry in realizing its growth & transformation plan (GTP), local engineering companies complain of bottlenecks. Such issues include the large pile up in stock, the absence of an automotive policy and a lack of transparency in government auctions, among others. These are deemed to be constraining their competitiveness in the market, Fortune reported.
The Leather Industry Development Institute (LIDI) will start building a common waste disposal system in Modjo town, 71 km from Addis Abeba, for the 31 tanneries in Ethiopia.All of them are expected to move there within three years time or set up their own disposal systems, Fortune reported.
The Omo Kuraz Sugar Development Project, which is underway in Southern Nations, Nationalities and Peoples National Regional State, is one of the sugar development projects carried out by Sugar Corporation, WIC reported.
The Turkish textile factory MNS Manufacturing P.L.C. has launched the first phase production of carpet, towel and bathrooms, polyester, fiber-line home furniture (spring mattress and sofa) investing of over 1.2 billion birr, WIC reported.
Mayor of Kombolcha town Abere Abera said the town is working to enclose 1, 000 hectares of land for industry; the municipality will give over 450 million Birr compensation for house holds residing at the industry zone, he said, FBC reported.