SOUTH KOREA TEXTILE AND CLOTHING COMPANIES TO ESTABLISH BASE IN ETHIOPIA
November 1st, 2012
BY JONATHAN DYSON, IN ADDIS ABABA
The leader of Ethiopia's clothing and textile sector has claimed eight South Korean companies are to open textile and garment plants in his country, in a new industrial park close to the capital Addis Ababa. The factories will be built in the Bole Lemi Industrial Zone, to be constructed at a cost of around Ethiopian Birr ETB1.2 billion (USD55 million) by the end of 2013. Ethiopia's industry ministry is developing the park, which will be operated by its Industry Zone and Environmental Protection Agency.
Fassil Tadesse, president ...
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