TIRET October 2012 Issue - MIDROC Ethiopia

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MIDROC News NMIC Ventures with Government on Abijata-Shalla Soda Ash S.C. The National Mining Corporation (NMIC) has acquired 62% share of the Abijata-Shalla Soda Ash Share Company, entering a joint venture with the government retaining 38% of the shares. The government’s contribution has been paid in the form of all the assets of the Abijata Soda Ash Plant worth over Birr 20 million, while NMIC and its partners have Birr 33 million of shares. Established by the Ethiopian government and commissioned in 1989, the Abijata Soda Ash Plant was designed to produce 20,000 tpa of Soda Ash utilizing the brine water of lake Abijata. It was established as a pilot plant to eventually pave the way for the establishment of an industrial scale plant with a production capacity of 200,000 to 1,000,000 tons per annum for export market using the brine water of Lake Shalla. Factories Under Kebire Enterprises Plc. Engage in Export Tikur Abay Shoe S.C. Doubled Production Capacity Tikur Abay Shoe S.C., a MIDROC Ethiopia Group Company, has doubled its production capacity to 5,430 pair of shoes. This result obtained after undertaking a major expansion and rehabilitation work worth Birr 34 million, has completely changed the image of the company and diversity of products. The Company has three factories with: two new lines of machines from Italy; in one of the buildings with its own office and other facilities and another line of machines from the world wide technology leader, Desma of Germany, in another building. The old refurbished machines are used to produce military footwear popularly known as Keskis Shoes, a name given by customers to express its durability. The Italian line produces refined and quality civilian shoes for export to Italy, Spain, Sudan, Canada and America. The German machines are commissioned and will start to produce safety shoes, military shoes of different types, sport wears and durable shoes of double and single density. A new all duty building about 8,000 sqm. wide to be built in the center of the city is under design. The Company has already opened up a fuel station for its own use. Tikur Abay Shoe S.C. was transferred into the ownership of MIDROC Ethiopia in 2006 under the government privatization process. It is well known for supplying 32 TireT October 2012 Located 184 kms south of Addis Ababa in the Ethiopian Rift Valley, the plant extracts Soda Ash from Lake Abijata. The brine waters pumped from the Lake into pre-concentration ponds are exposed for evaporation and then taken to a series of crystallization ponds, to get the crude product called trona. The trona is then harvested to be sold either as it is or transported to a processing plant where it is calcined, screened, crushed, centrifuged, washed and processed into soda ash for local market. The joint venture aims to introduce a new approach and establish a new plant in the next five years at a cost of about two billion Birr. The plant will produce export grade soda ash of up to 200,000 to 1,000,000 tons annually using brine water from the nearby Lake Shalla. Preparations and project study are finalized to rehabilitate the deteriorated existing plant so that it will continue to operate until the new plant is established. military footwear in Ethiopia and other African countries and is ready to produce all types of shoes because of the expansion project. Almicom Agricultural Development & Management Plc. and MAA Garment and Textile Factory Export Products Almicom is a one of the MIDROC Ethiopia Group Companies engaged in agriculture in Humera on 5,000 hectares of land. It has recently secured another 500 hectares of land in Raya, Mohony to grow horticulture products for export. It is expected that it would totally be managed by irrigation. It has 50 permanent and more than 1,000 seasonal employees and produces sesame for export, and cotton for MAA Garment and Textile Factory. MAA Garment and Textile Factory has 1,450 employees and a capacity of producing 4 million equivalent T-shirts annually. Products of the Factory include: T-shirts, Poloshirts, trousers, jeans, work and hospital wears, sport wears, uniforms etc. It exports different textile and garments to Germany, USA, Italy, Portugal, UK and China. It has currently finalized preparations to export various products to Sweden mainly to H & M. a famous world retailer. The Textile Unit produces knitted fabrics and has a capacity of spinning 10 tons/day, knitting 6 tons/day, dying and finishing 7-8 tons/day. After passing a challenging project phase, the company is now operational with a good image.
MIDROC News Horizon Addis Tyre Surprises Employees with Salary Raise Board of Directors at the ceremony Horizon-Addis Tyre Share Company, a member of MIDROC Ethiopia, announced pay raises during a colourful celebration of Workers’ Partnership Day on June 16, 2012, held at the premises of the company. The celebration, the first since ownership of the company was transferred from Matador-Addis to Horizon-Addis in January 2011, was held to introduce new Board members to the staff and to brief them about the future investment plan of the shareholders, mainly Sheikh Mohamed H. Al-Amoudi and his vision for the development of the country. The plan includes manufacturing Light Truck Radial (rim size 15” and 16”), with technical know how and machinery from the German-based Continental Ag, the fourth largest tyre manufacturer in the world. Currently, all these tyres are 100% imported. The Chairman of the Board of Directors, Ato Jemal Ahmed, also said that shareholders intended to step up the production capacity in quantity, quality, increasing product portfolio and introducing new technology to the country. To the delight of the staff, he also announced a minimum 15% salary increase. Ato Teklu Haile, Designate and Finance Manager of MIDROC Ethiopia and member of the Board, Mr. Umesh Davera, General Manager of the Company, and the chairman of the Company’s Basic Labour Union, have also addressed the employees. Ato Jemal Ahmed, Chairman, Board of Directors handing over the Award to one of the employees. Ato Teklu Haile, urged the employees to work harder for better results and to protect the company from corruption and theft. Mr. Davera, on his part urged on more emphasis on prioritizing quality, cost and service to customers in order to face global competition. The Labour Union Chairman reminded the employees of the five-point regulation to which, he said, workers are committed. Also on the occasion, Horizon-Addis awarded 34 of its employees with certificates for their outstanding performances in 2011. Employees attending the meetings TireT October 2012 33
Page 1: IN FOCUS Awassa Chip Wood Factory:
Page 5: The Ethiopian year that just ended
Page 8 and 9: Message of Condolence The Investmen
Page 11 and 12: Photo: Fortune Newspaper MIDROC New
Page 13: MIDROC News The late H.E. Ato Meles
Page 17: The 13 th Consultative Group Meetin
Page 21: 15 th Annual General Managers’ Co
Page 25: Bebeka Coffee Estate S.C. Engages i
Page 29: NOC Participates at 2012 African Do
Page 33: National Motors Corporation Introdu
Page 37 and 38: now that the technological part of
Page 39: A view of the forestry development
Page 42 and 43: IncIdentally ICASA 2011 By: Berhanu
Page 44 and 45: Writer’s Column Nani Building: Th
Page 47: Nani also has one elevator and four
Page 50 and 51: HEALTH Coffee and health By: Yilma
Page 53 and 54: Global Status of HIV/AIDS Nearly 50
Page 55: Happiness is yours in the here and
Page 59: Exploratory drilling Two areas, Daw

TIRET October 2012 Issue - MIDROC Ethiopia

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