(EBC, March 26, 2016)- Endowment fund for Rehabilitation of Tigray (EFFORT) set to establish the first ever chemical industry in Ethiopia.
As part of its move, EFFORT signed a 5 billion birr contractual agreement with Chinese Engineering Corporation and Fengda chemical planning and design here at Sheraton Addis on Friday.
The project to be established in Mekelle will have the capacity to produce 60 thousand tones of PVC and 50 thousand tones of caustic soda per year.
CEO of EFFORT Azeb Mesfin said, the project is expected to be a catalyst for Ethiopia’s manufacturing sector and it will create huge job opportunities.