Chinese Shoes Enterprises Invest 2 Billion Dollars in Ethiopia

"Capital Magazine" (Capital) said that the Chinese Skate Shoes leather industry of the two large companies announced plans to invest $ 2 billion in Ethiopia. The ten-year contract signed in January this year, which will have the Ethiopian leather industry a great impetus, and will create over 100,000 jobs. Under the agreement, to establish a light manufacturing park in Ethiopia, with annual sales of $ 4,000,000,000. In October last year, the Ethiopian Prime Minister met with Kennedy International shoe company representatives, expressed their own eager desire to carry out cooperation projects. The Chinese company has two production areas in Ethiopia, and footwear production in the January 5, 2012.
Hua Jian International Shoe Co., Ltd. on behalf of Helen Hai, said in the inauguration ceremony of the Fifth All African Leather Fair (AALF), China Jian accepted the Ethiopian Prime Minister's request to start production within three months. Ethiopia's two production areas, production stability, and employ approximately 600 employees. China and China State Construction International Shoe Co., Ltd. was established 20 years ago, the company and the Chinese mainland's largest private equity company, China and Africa Development Fund signed a 10-year contract to become the largest shoes manufacturer in Ethiopia. Ethiopia's leather industry is stable and the transformation of the African Leather Fair shows some of the unique local products.
These shoes are of Dire Industries Peacock shoe factories, production, and attracted the attention of visitors at the show. Of Dire Industries, manager said Biniam Bedada, this product will be sold in Africa, and exported to the United States, Italy, Japan, China and India. However, Bedada leather raw material shortages, power outages and leather imports delay is a major obstacle to development of leather industry. Lack of raw hides and skins, the lack of skills to deal with sensitive skin, not the regular family slaughter methods causes a shortage of supply of raw materials, but this situation is gradually improving. Bruck, Debebe, Ambassador of the Ethiopian leather industry by government incentives for the leather industry to promote as well as the private sector contribution to the country's leather industry is booming.
It's written by GoodLandShoes date 4.2.2012