A new aluminium and plastic bottle cap factory will join the market to supply both domestic and export markets.
The factory is an expansion project of the liquor producing company, Ponu Monu, that underwent a 54 million Br expansion to produce three million bottle-caps of different sizes a day. The expansion will create 60 employment opportunities.
Having begun production at the beginning of last month, the company eyes pharmaceutical and liquor producers as its major clients.
The machines for the expansion were imported from China, and training was given to employees on the factory’s premises in Gerji. The factory sits on a 2,500Sqm plot of land. Ponu Monu sources raw materials from India and China.
“We wanted to minimise the cost to import the caps for the liquors that we produce,” Abraham Tilahun, major shareholder and manager of the company, told Fortune.
The nearly two-decade-old company used to spend 120,000 dollars annually, excluding shipping costs and taxes, to import caps. After the expansion began, the company received offers from 20 liquor and manufacturing companies interested in ordering their caps locally.
Ponu Monu produces seven types of liquor, including ouzo and gin under the brand name Marry. The liquors contain alcohol content levels between 24pc to 43pc.
The company also produces a whiskey called Marry Cane scotch, which has a 43pc alcohol content and comes in 750ml bottles.
Ponu Monu, co-owned by a Canadian businessman, also imported a new recycling machine to utilize a mixture of 80pc burnt oil and 20pc gasoline to run a boiler machine that saves around 2,000 litres of gasoline a month, according to Abraham. It also plans to open another factory for the production of juices and milk in the town of Gelan in Oromia Regional State.
Some of the other producers of bottling caps and corks in Ethiopia are CGF-Crown Cork & Aluminum Cap Manufacturing Factory, Ethiopian Crown Cork & Can Manufacturing, Daylight Applied Technologies and Metal Crown. Nonetheless, local demand is not met by local supply, with Spain, India and Egypt being some of the major countries from which caps and corks are imported.
“The country has been importing alcohol products and the raw materials for producers, such as bottling caps, at a considerable cost at a time of shortage of hard currency," said Mulugeta G.Medhine (PhD), an expert in marketing for over two decades.
PUBLISHED ON
Dec 05,2018 [ VOL
19 , NO
971]
Radar | Nov 26,2022
Advertorials | Jan 02,2020
Radar | Jul 13,2019
View From Arada | Aug 21,2021
Radar | May 23,2020
Fortune News | May 09,2020
Fortune News | Jun 07,2020
Viewpoints | Oct 14,2023
Fortune News | Feb 04,2023
Radar | Apr 29,2023
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
May 2 , 2024
For successive generations of Ethiopia's tax authorities, the chore of tax collection...
Apr 27 , 2024
The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...