
Fortune News | Dec 05,2020
May 4 , 2019
By BERHANE HAILEMARIAM ( FORTUNE STAFF WRITER )
A joint Ethio-Turkish electric wire and cable manufacturing company in Gelan, Oromia Regional State, inaugurated its second factory early this month, tripling the company’s annual production to 20,000tn per year in the process.
Euro Cable's factory was inaugurated in the presence of Alfia Abdurahman, deputy mayor of Gelan; Yaprak Alp, ambassador of Turkey to Ethiopia; and Teka Gebreyesus, state minister for Trade & Industry, on May 2, 2019.
The company will begin manufacturing armoured cables used for underground systems, power networks and cable ducting. It will also produce data and coaxial cables used for networking and information technology systems and equipment.
The company will also manufacture 500 square millimetre, three-phase cables and 250 square millimetre ground cables. The factory has been manufacturing low voltage cables with sizes ranging from 0.5 square millimetre wires to 300 square millimetre cables.
The factory has more than doubled its employee base to 500 with the expansion. It also brought up its capital to 1.2 billion Br, from the 55 million Br it invested when it was established 10 years ago. The new factory lies on a 20,000Sqm compound leased to the company.
“The nation can fulfill 35pc of demand in electrical wires and cables by promoting import substitution,” said Dereje. “We can work toward export of our products if the provision of raw materials is improved.”
Euro Cable is a joint venture between Demes Kablo Ltd, a Turkish company in the cable business for more than three decades, and Glorious Plc, an Ethiopian firm that has been in operation since 1977 as importer and distributor of electrical and electronic appliances. It has a factory in Qality in a compound of 25,000Sqm where low voltage cables are produced.
Euro Cable is a member of the Ethiopian Power Generation, Transmission & Distribution Equipment Manufacturers Association, which was established last November to address challenges of the power industry, especially in the provision of raw material such as copper and steel.
The Association comprises 12 manufacturers of electrical equipment, out of which six are cable manufacturers, including Advantage Industrial, Abay Energy, Elsewdy Cables Ethiopia, BMT Energy Telecom Industry & Trade, Belayab Cables.
An electrical engineer and lecturer for more than two decades at Addis Abeba University’s Institute of Technology applauds the expansion by Euro Cable, saying that it will help the country in import substitution and save foreign currency.
"The factory has to think of enhancing its products with the manufacturing of related devices and fixtures, such as connectors and patch panels, which do not need advanced technology to produce and can also serve to save foreign currency," Tizazu Bireda said.
The two state companies in need of large volume of cables, Ethio telecom and Ethiopian Power Utility, spend over half a billion dollars on importing cables from foreign manufacturers annually.
PUBLISHED ON
May 04,2019 [ VOL
20 , NO
992]
Fortune News | Dec 05,2020
Radar | Jan 23,2021
Radar | Feb 26,2022
Fortune News | Apr 04,2020
Fortune News | Feb 09,2019
Radar | Jun 12,2021
Radar | Aug 01,2020
Fortune News | Sep 08,2019
Commentaries | Oct 01,2022
Fortune News | Mar 27,2021
Dec 24 , 2022
Biniam Mikru heads the department of cabinet affairs under Mayor Adanech Abiebie. But...
Jul 2 , 2022 . By RUTH TAYE
On a rainy afternoon last week, a coffee processing facility in the capital's Akaki-Qality District was abuzz with activ...
Nov 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
Nov 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
Jan 28 , 2023
It is not common to see an appointment for a senior federal government office stir de...
Jan 21 , 2023
Eyob Tekalign, state minister for Finance, took to social media platforms last week t...
Jan 14 , 2023
The longing for normalcy and a semblance of individual and collective security in Eth...
Jan 7 , 2023
The hallmark of Ethiopia's contemporary leaders could be a fascination with grandeur...