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Latest News : Ethiopia's Biggest Cement Plant to Start Output This Month |
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December 11 Posted by: suleyman | 11-12-2011, 01:21 | | |
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Dec. 5 (Bloomberg) -- Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, said it will start production within the “next 10 days,” helping end a shortage of the building material in Africa’s fourth-largest economy. The $351 million plant, about 70 kilometers (44 miles) northwest of the capital, Addis Ababa, will produce 8,000 metric tons of the building material daily by February, said Chief Executive Officer Haile Assegide. Derba is part of the MIDROC Ethiopia group owned by Mohammed al-Amoudi, an Ethiopian-born Saudi Arabian billionaire who is one of the biggest investors in the Horn of Africa nation. .... |
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