Addis Ababa, March 26, 2024(Addis Walta) Chinese company Wenzhou Nixin Trading, which has an investment capital of 300 million US dollars, has expressed its interest in engaging with Ethiopia’s manufacturing industrial parks. The company is looking to produce paper in the industrial parks, according to the Industrial Parks Development Corporation (IPDC).
The CEO of the Industrial Parks Development Corporation, Aklilu Tadesse, received the company’s officials in his office and discussed their plans with them. The officials presented detailed information about their investment plans, while the CEO briefed them about the investment centers in the corporation, incentives, and infrastructure and service delivery.
Furthermore, the company’s officials visited Bole Lemi Industrial Park in Addis Ababa, where they were offered electricity, water, and telecommunications services at a better price compared to other similar countries. They stated that this would play a big role in their investment decision.
Wenzhou Nixin Trading Company was established in 2011 and has six production bases around the world in Saudi Arabia, Ghana, Nigeria, Iran, and Azerbaijan. The company mainly manufactures fiber, ceramic, aluminum, and other types of products.