By Birhanu Fikade – The Reporter |
The Taiwanese George Shoe Corporation, best known as the George Gloria Group (3G), is a large shoe manufacturer, poised to erect additional manufacturing plants in Ethiopia with some USD 120 million investment, The Reporter newspaper reported.
Last year, George Shoe installed its factory where it has leased two sheds on a site of approximately 16.6 hectares at Bole-Lemi Industrial Zone in the capital.
O.K. Kaul, general manager of the George Shoe Corporation, told The Reporter that the new plant, which is taking shape in Modjo town, some 70km from the capital, is expected to be finalized between now and five years. According to the general manager, George Shoe targets to produce five million feet leather per month and shoes production is planned for next year. Bringing more investors from Taiwan, China and other South East Asia countries, the shoe production is expected to produce to some 35,000 pairs per day. Currently, George Shoe manufactures some five million pairs of shoes per day in China.
“The civil work has been launched four months ago. We have already imported dumpers, trucks, crashing machines. The government gave us quarry pits in addition to a 60-hectare plot of land”, Kaul said. In addition to leather and shoes manufacturing, George Shoe plans to venture on shoes ornaments, leather goods which includes bags, gloves and everything what goes with leather, he said. However, “the most important part of this project is that most of the inputs imported today will be produced in house” Kaul added.
The shoemaker has commenced production late last year and managed to export a container of pairs of shoes and this year the export is expected to reach five to six containers. It is to be recalled that the company has devoted some 150 million birr as an initial investment last year. The factory at the Bole-Lemi Industrial Park reaches full capacity will employ around 1,000 regular workers, with 100 percent of goods to be exported to China and the US markets.
According to earlier information obtained from the Ministry of Industry, the development of the five sheds at Bole-Lemi has already cost the government some 349 million birr, and the remaining 15 factories will require an additional 1.76 billion birr. For the second phase of the Bole-Lemi Industrial Park development, some 186 hectares of land is required, and for that the World Bank Group has extended USD 250 million financing.
Source: The Reporter
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