Ethiopia, Addis Ababa Launches Cork Factory

Ethiopia, Addis Ababa Launches Cork Factory Ethiopia, Addis Ababa Launches Cork Factory

A cork factory, Peniel Cork, said to help the nation meet half of the local demand for bottle stopper, inaugurated today.

The plant, third to the country, built in the capital Addis Ababa at a cost of 120 million Birr.

Having the capacity to produce one billion corks per annum, the plant will enable the nation save foreign currency used to spend on bottle stopper importation.

These kinds of industries are among the priority areas in the manufacturing sector during the second five-year growth and transformation plan period, said Tadese Haile State Minister of Industry.

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Addis Ababa, Ethiopian News, Business, African News, Peniel Cork, Tadese Haile