Chinese companies to build equipment manufacturing plants in Ethiopia

Ababa, May 25, 2016 (FBC) – Chinese companies are finalizing preparations to build equipment manufacturing plants in Ethiopia to meet the ever increasing demand.
Company representatives of TVA and Sany manufacturing companies conferred today with Prime Minister Hailemariam Dessalegn on ways of expediting the project.

Sany Heavy Industry President, Xiang Wen Bo, said on the occasion “Ethiopia is a very good place to invest; because I feel that the government is highly efficient and with the passion to develop the country.”

Ethiopia-Huan Equipment Park at Adama will accommodate the companies to be constructed, it was indicated.

The companies confirmed that they have finalized financial issues with Huan Province, China.

TVA and Sany manufacturing companies will produce engineering machineries, wind turbines, and huge transformers that could be used by the mining and construction sectors.

Prime Minister Hailemariam Dessalegn said the government will closely follow the project to solve any challenges that it may face.