Ethiopia: New glass factory enters market with capacity of 42,000 tons a year
Ethiopia Hansom International Glass PLC for producing sheets of glass is scheduled to be inaugurated tomorrow, two years after its construction started. It is equipped with complete machinery imported from China.
Covering an area of 114,607 square meters, the factory, which has already started trial production, has the capacity to produce 42,000 tons of glass a year. It also recycles used and broken glass.
The factory was jointly established by two shareholders: CGC Overseas Construction Group Ltd and China-Africa Development Fund. The company has a registered capital of 16 million dollars. When it starts full- fledged production, it will save Ethiopia a lot of foreign currency, according to a May 18 Ethiopian Review report.