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

Fortune Logo

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]

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.



Related Posts

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Agenda

Realty Roulette

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...

Fortune News

A Tooth Extraction for Growth, with the IMF as Dentist

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...

Editorial

Is Ethiopia Drifting into a Diplomatic Abyss?

Jan 7 , 2024

In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...

Agenda

PEELING BACK LAYERS

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...

Commentaries

The World Cannot Afford to Ignore the Poorest Countries

They are home to a quarter of humanity – 1.9 billion people. They possess prized na...

Overcoming the Development-Project Implementation Gap

This week's World Bank spring meetings will kick-start the replenishment of the Inter...

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

Governor Mamo Tests Transparency. Will It Pass a Test of Time?

Apr 20 , 2024

In a departure from its traditionally opaque practices, the National Bank of Ethiopia...

Policy Espresso Demands a Strong Brew to Transform Negative Dynamic

Apr 13 , 2024

In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...

Blundered CBE Plunders Privacy Naming, Blaming and Shaming for a Glitch's Recovery

Apr 6 , 2024

In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...

Central Bank Tries Monetary Gymnastic Dodging Pitfalls, with the IMF as Its Reluctant Coach

Mar 30 , 2024

Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...

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

Hunger's Grip on Mothers, Children of Addis Abeba

I witnessed a scene that left me heartbroken at the health centre. Several mothers w...

Silencing Inner Critic: One Size Does Not Fit All

A couple who had refrained from social interactions paid a visit to my house last we...

Life Matters

Untapped Potential of Online Commerce

A young woman residing in Addis Abeba, found herself captivated by the potential of o...

Untapped Potential of Online Commerce

A young woman residing in Addis Abeba, found herself captivated by the potential of...

Back
WhatsApp
Telegram
Email