FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

CCCC has built an Industrial Park in Amhara Regional State

Aug 10 , 2019

CCCC, the prominent Chinese construction company, has ventured into the manufacturing industry, opening a ceramic processing plant with 50 million dollars in investment.

CCCC Industrial Investment Holding Company Ltd opened Arerti Ceramic Manufacturing in Arerti, a town in Minjar Shenkora Wereda, Amhara Regional State, 53Km from Modjo-Hawassa Expressway.

Resting on 15ha of land, the plant is expected to be fully operational in mid-September with a production capacity of processing 20,000Sqm of tiles a day.



Under construction for 14 months, the company started trial production in June, processing 10,000Sqm to 15,000Sqm of floor ceramics a day and currently employs 450 people.


Arerti, which plans to export its products to East African countries, gets its raw materials from a local supplier and will use limestone, clingstone, feldspars and red sand, as an input in its production of ceramics.

The factory produces four different sizes of floor ceramics and aims to diversify its products by manufacturing polished tiles and sanitary potteries with accessories and supply them to hotels, commercial buildings and construction projects.




The construction of the plant, which involved 700 people, was undertaken by several subcontractors, while Jdaw Consulting Architects & Engineering supervised the construction of the plant. Jdaw, which was established in 2000, is also the same company that is supervising the construction of the headquarters of NIB Bank and the headquarters of Commercial Bank of Ethiopia, the tallest skyscraper in the city.

The investment of the plant is part of the Chinese government’s Belt & Road Initiative, according to Devin Li, board secretary of Arerti Industrial Park.


Arerti is owned by China Communications Construction Group, a prominent construction company which operates in 145 countries. It has been active in Ethiopia since 1998 and executed major construction projects such as the nation’s first Addis Abeba-Adama Expressway, African Avenue [Bole Road], Addis Abeba Bole International Airport Expansion and Addis Abeba Ring Road.

Arerti Ceramics is the first investment of CCCC, which took 100ha of land in Amhara Regional State to set up an industrial park. Out of the total area, 30ha of it is designated for the ceramic plant. The company expects to lease the remaining space for 12 companies, which will be engaged in the production of construction inputs and garments.

The opening of the factory is welcomed by the country’s ceramic users and traders.

Kumneger Getachew, deputy manager of EKT Trade & Investment Plc, a company engaged in the import and export business, believes that the opening of the plant will increase the affordability of the product in the market.


“When we order ceramics from Italy and Spain, it takes up to 80 days to get here,” said Kumneger. “But the factory should give a priority for the quality of the product.”

Henok Semaw, dean of Business & Economics at Haramaya University, believes that the opening of such investment in Ethiopia will have a significant contribution to the economy by substituting the imported ceramics and saving foreign currency.

“The investment will create job opportunities as well as help in the transfer knowledge,” said Henok.


PUBLISHED ON Aug 10,2019 [ VOL 20 , NO 1006]

[ratemypost]


Related Posts

[ssba-buttons]

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

Ethiopia Bet on Industrial Parks to Spur Growth. Has It Paid Off?

Hawassa has long been known for its scenic beauty and tourist appeal. However, the op...

Can Global Banking Rules Survive in a Fractured World?

The weather in Basel, Switzerland, remains wintry and cold. And the climate inside th...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

The GMO Experiment Can Be Harvest of Hope, Not Seed of Trouble

Mar 9 , 2025

Five years ago, 11 non-governmental organisations (NGOs), together with 40 allies acr...

Mismanaged, Trade Liberalisation Could Pour Cold Water on Local Hopes

Mar 2 , 2025

The domestic economy has endured a punishing half-decade. A global pandemic throttled...

Africa Wants to Mark Own Homework with Homegrown Credit Agency

Feb 23 , 2025

Africa is a place where the frustrations of its elites run high due to what they feel...

IMF Tells Ethiopia to Stay the Course, with Leap of Faith on the Market

Feb 16 , 2025

Madame Kristalina Georgieva, managing director of the International Monetary Fund (IM...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

The Power of Persistence in the Face of Pain

Pain is often seen as a roadblock, but for some, it becomes a catalyst for transforma...

The Emotional Toll of Worry

Last week, I spoke with an expecting mother from church. After congratulating her, I shared my excitement. Out of curiosity, I asked where s...

Life Matters

About Pringles, Wrestling with Luxury in a Land of Need

The other day, after lunch, my family and I wandered into a supermarket. The children had finished their...

Online Toxicity Hijacks Social Media

One minute, people are laughing at a meme on social media; the next, they scroll through a barrage of com...