https://en.sputniknews.africa/20250208/new-factory-for-plastic-formwork-opens-in-ethiopia-to-save-over-15-million-per-year-1070564943.html
New Factory for Plastic Formwork Opens in Ethiopia to Save Over $15 Mln Per Year
New Factory for Plastic Formwork Opens in Ethiopia to Save Over $15 Mln Per Year
Sputnik Africa
The Green Legacy Initiative is a program in Ethiopia to build a green and climate-resilient economy. It was launched in June 2019 with the goal of planting 20... 08.02.2025, Sputnik Africa
2025-02-08T17:01+0100
2025-02-08T17:01+0100
2025-02-10T12:37+0100
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A new factory was opened in Ethiopia to produce plastic formwork. By producing locally, the factory aims to save over $15 million a year.The factory, built at a cost of $8 million, was inaugurated by Industry Minister Melaku Alebel. He emphasized the priority of the manufacturing sector and the government's focus on improving policies and legal frameworks for economic growth, including increasing productivity and supporting sustainable growth.The minister stressed the importance of investing in domestic industries to create alternatives to imports, supporting Ethiopia's Green Legacy initiative by replacing wooden and steel formwork with plastic.Kasanesh Ayalew, CEO of HK Business Group PLC, announced that their factory is ready to produce reusable plastic formwork for local and international markets, importing technology from China and incorporating insights from developed countries. She emphasized that formwork accounts for 20-25% of construction costs, positioning the factory to meet domestic demand and export to neighboring countries.
https://en.sputniknews.africa/20250208/ethiopia-increases-fertilizer-supply-by-400000-tonnes-countrys-ministry-states-1070559953.html
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ethiopia, china, economy, east africa, development, industry, industrialization, technology
ethiopia, china, economy, east africa, development, industry, industrialization, technology
New Factory for Plastic Formwork Opens in Ethiopia to Save Over $15 Mln Per Year
17:01 08.02.2025 (Updated: 12:37 10.02.2025) Ekaterina Shilova
Writer / Editor
The Green Legacy Initiative is a program in Ethiopia to build a green and climate-resilient economy. It was launched in June 2019 with the goal of planting 20 billion seedlings over four years. One of the objectives is to contribute to food security.
A new factory was opened in
Ethiopia to produce plastic formwork. By producing locally, the factory aims to save over $15 million a year.
The factory, built at a cost of $8 million, was inaugurated by Industry Minister Melaku Alebel. He emphasized the priority of the manufacturing sector and the government's focus on improving policies and legal frameworks for economic growth, including increasing productivity and supporting sustainable growth.
The minister stressed the importance of investing in domestic
industries to create alternatives to imports, supporting Ethiopia's Green Legacy initiative by replacing wooden and steel formwork with plastic.
Kasanesh Ayalew, CEO of HK Business Group PLC, announced that their factory is ready to produce reusable plastic formwork for
local and international markets, importing technology from China and incorporating insights from developed countries. She emphasized that formwork accounts for 20-25% of construction costs, positioning the factory to meet domestic demand and export to neighboring countries.
