A joint venture company comprising of foreigners and an Ethiopian investors, the Duguma Hunde (DH GEDA) family, are to construct a cement factory, which will have an initial production capacity of 250tpd.
The joint venture which is registered as Anbessa Cement Factory is expecting a plot for the construction of the factory in Tatek, Oromia region. ‘The cement factory that will be constructed with an investment capital of ETB80m plans to increase its production capacity to 500tpd after six months,’ Duguma Hunde, managing director of Anbessa Cement Factory told local press.
At its early stage the company will have the capacity of employing up to 300 professionals. “As the demand of cement in the country is rapidly growing and government is highly encouraging such investment, we plan to start production within eight months,” Duguma said.