Fortune News | Dec 12,2020
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]
Fortune News | Dec 12,2020
Fortune News | Mar 14,2020
Radar | Jan 07,2022
Radar | Aug 01,2020
Radar | Jun 07,2025
Fortune News | Sep 30,2023
Viewpoints | May 23,2021
Fineline | Jan 15,2020
News Analysis | Nov 16,2024
My Opinion | Sep 28,2024
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
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...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Sep 13 , 2025
At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the f...
Sep 6 , 2025
The dawn of a new year is more than a simple turning of the calendar. It is a moment...
Aug 30 , 2025
For Germans, Otto von Bismarck is first remembered as the architect of a unified nati...
Aug 23 , 2025
Banks have a new obsession. After decades chasing deposits and, more recently, digita...
Loading your updates...