A textile factory established at Bole Lemi Industrial Park by Shints ETP Garment PLC, a Korean-based company, officially inaugurated on Monday October 12, 2015. The factory, built by Korean investors, began exporting standard cycling apparel, hockey sportswear and uniforms designed for various factories to Vietnam and South Korea.
The factory, which has currently created jobs for 1,600 people, planned to raise the number to 12, 000 after two years by executing huge expansion project.
Taddesse Haile, Industry State Minister, after citing the contribution of the factory in creating jobs and generating foreign exchange earnings, said the government has paid more attention to the manufacturing sector. It will also continue to give due attention and offer support to the sector, he added.
Government’s support for the manufacturing sector and the good investment opportunities existed in the country were the inspiring force to establish the plant in Ethiopia, the Koran investors said. “We want to remember Ethiopians’ support during the Koran war by investing in Ethiopia,” they added.
[www.fanabc.com/]