PVC resin manufacturing plant to be established with 5 bln birr

Addis Ababa, March 25, 2016 (FBC) – The Endowment Fund for the Rehabilitation of Tigray (EFFORT) has signed a contract for the establishment of an integrated Polyvinyl chloride (PVC) resin manufacturing plant at a cost of 5 billion birr.
EFFORT signed the agreement today at Sheraton Hotel with the Chinese CEC Engineering Corporation and Fengda Chemical Planning and Design, in the presence of high level government officials.

Sur Construction PLC and Mesfin Industrial Engineering will take part as a sub contractor in the construction of the plant.

The construction of the plant will be finalized within 30 months.

The plant to be erected 25 kilometer east of Mekele, Tigray regional state, will produce mainly 60,000 tonnes of PVC resin and 50,000 tonnes of caustic soda per year.

In addition to improving the country’s manufacturing sector, the plant will help to save foreign currency, it was noted.