Abyssinia Steel Integrated Plc received seven hectares of land six weeks ago in Chancho, in the Oromia Region, on which to build a cement factory, paying 0.1 Br per square meter.
The seven hectares are located three kilometres from Chancho town on the road leading to Derba.
The factory is expected to start production in December 2006. In its first phase it will manufacture 300tn per day, increasing to 1,300tn per day when it reaches full production, in August 2007. [More..]
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