The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billion Birr, which marks a considerable 182.6pc increase compared to the same period last year. Company officials attributed the growth result to enhanced market reach, effective cost-cutting measures, and optimisation of plant capacity utilisation. Year-on-year revenue growth was noted across various sectors, including cement (11.5pc), pesticides (67.2pc), chemicals (18.3pc), rubber trees (85.1pc), and caustic soda, which saw an extraordinary (128pc) growth. Ethiopian Investment Holdings (EIH) executives visited Awash Melkassa Chemical Factory, a division of the Corporation. The visit was part of the company’s six-month performance dialogue. EIH officials urged CIC to enhance its revenue and profit further by improving factory capacity utilisation, implementing cost-saving initiatives, and expanding its market reach. Several state-owned factories such as Muger Cement, Awash Melkassa Chemical, Adami Tulu Pesticide Preparation, Batu Caustic Soda, and the Rubber Tree Development & Production Project are all managed under the Corporation.
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