M a r k e t N e w s

Ethiopia - MIDROC To Construct Edible Oil Factory Worth 4bln Br

Posted on : Thursday , 16th January 2020

MIDROC Ethiopia is commenced to build a 4-billion birr worth edible-oil factory which is expected to produce 600,000 liters of cooking oil daily.
 

A cornerstone for the factory was laid in Addis Ababa's Summit area, adjacent to the Pepsi Cola factory.


The event was laid by Addis Ababa City Mayor Takele Uma, representative of Sheikh Mohammed Al-Amoudi, Chairman and Owner of the leading Ethiopian Investment group, Midroc Ethiopia, Abennet Gebremeskel.


The 100 million Euro oil processing factory to be built by MIDROC's sister company, Horizon Plantations PLC, envisages playing a key role in import substitution, according to the firm.


Resting on 50, 000 sq m, the plant will have a capacity of processing 500 MT of oilseeds (600,000 lit) a day and is expected to save 25% of the nation's foreign currency expenditure.


Though Ethiopia has a huge potential to produce oilseeds and cooking oil, the majority of its people depend on imported palm oil purchased with government subsidy.


The country spends about 600 million USD annually to purchase edible oil every year from abroad and this amounts to 25% of the county's foreign trade expenses.


Local cooking oil manufacturers cover only 4% of the country's total consumption.


"Cognizant of this hard fact, Sheikh Mohammed Al-Amoudi has decided to erect this state-of-the-art factory to stabilize the price of the product and contribute its share in import substitution," said Midroc in a statement.


MIDROC's commercial farms would be the main sources of raw material for oil manufacturing, said the CEO of MIDROC Ethiopia Projects Office Abennet.


He also said that the company has currently finalized the selection of the state-of-the-art machinery for the oil processing plant and has set aside 4 billion birr (100 million Euros).


Abennet also said, "The launching of the construction of the modern cooking oil factory is a very good example of our commitment to engage in the recently announced Home Grown Economic Reform of the Government."

 

Source : MIDROC Ethiopia is commenced to build a 4-billion birr worth edible-oil factory which is expected to produce 600,000 liters of cooking oil daily.
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • PRODAL 94 SRL
  • ME GUSTA

Complete List  

Advertisers in previous issue:

  • VAPA Burners established in 1960, is the pioneer in manufacturing gas fired infrared burners in Lebanon.
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  • Kitchen Equipment
  • Manufacturing of ice cream cones, sugar cones. Soft serve ice cream powder mix.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  • Hotel and restaurent
  • Dairy Products
  • MAYORA Group has grown to become one of the recognized names in the Fast Moving Consumer Goods Industry.
  • The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • The Major Food Processing & Packaging Technology Show in Egypt & North Africa
  • Packing Materials & Machines, Packing Materials & Machines manufacturer.
  • KAP CONES , having built up an unrivalled reputation for exceptional quality, performance & service in printing industry for last over four decades, diversified into producing cone sleeves with auto rolling mechanism for ice cream cones requirement
  • Bag Snacks registered since 1987 a constant growth, managing to position itself in Italy just below the major leaders of the sector.
  • Immediately following WWII, Pan American World Airways had a vision of mass civilian international business and leisure air travel and so began trailblazing its way across the skies of the Americas, Europe, Africa, Asia and the Middle East. Thus came
  • Supermarket Shelving,Freezers,Chillers;Trolleys;Weiching Scales;Cash Registers Labelling Machines;etc.
  • Gateway to Global Food B2B Marketplace
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • Sunshine is one of the leading prestigious fast developing firms in the field of Import & Export Company all over the Globe.
  • Delta Food produces tomato paste and milk powder in different packaging and in different concentration.
  • AgriTech Analytic
  • More than 30000 food and non-food references delivered anywhere in the world.
  • Wide Range of Kitchen Equipments.

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade