A joint venture company of Rifeng China and Rifeng Ethiopia is to construct the first aluminum pipe factory in Ethiopia with a 380 million Birr capital in Debre Brehan, Amhara Region. It is expected that the factory, which will be built on a 10,000sqm plot of land with a plan to expand to 15,000sqm after the beginning of production, will produce 381,000m to 211,000m of pipe a month. It will produce pipelines that are 60m to 100m long along with their fittings. The company plans to finish the construction of the factory within a year’s time and to start production in 2019.
Rifeng Ethiopia’s general manager Biniam Melkamu said the plot had already been granted to the company and they were getting ready to start construction. He also said the company aimed to produce technologically advanced products and that the company would be capable to satisfy 35pc to 40pc of the local market demand.
Rifeng Ethiopia imports goods such as finishing materials for housing and hospital purposes while Rifeng China produces plastic pipes fitting and supplies indoor temperature control.
The director of communications at the Metal Industry’s Development Institute (MIDI), Fite Bekele, said the factory would help the country in saving foreign currency. It is expected that the company would create employment opportunities for 150 to 200 people.
Source: Addis Fortune