Ethiopian Industrial parks Development Corporation (IPDC) has signed an agreement with Huajian Group that enables the latter to takeover all the sheds of Jimma Industrial Park.
The Huajian Group will invest in coffee processing with local farmers and build a vocational center for youth, according to the agreement.
Briefing to journalists, Ethiopian Investment Commissioner Abebe Abebayehu said “Huajian Group will cooperate with famous Chinese companies in the field by adding values to the products as the consumption of coffee is growing rapidly in China.
“We will also expand widely coffee processing companies in the area in the future as coffee is abundant around Jimma,” the commissioner stated.
Industrial Parks Development Corporation CEO, Lelise Neme said the corporation expects the company to create direct and indirect job opportunities for over 12,000 compatriots.
Zhang Huarong, President of Huajian Group said on his part we are very confident of our investment in Jimma and the company will serve the local market by producing apparel, shoes, construction materials, furniture and other products that the local market demands.
He further said that the company will focus on coffee processing and export to the global market, it was learned.
Source: EIC Public Relations Directorate