According to IFC website, the project consists of the development and operation of a greenfield glass container manufacturing plant with a targeted manufacturing capacity of c. 40,000 tonnes of glass which can be sold per annum (with an intention to increase to 60,000 tonnes per annum) in Debre Birhan, approximately 132 km north-east of Addis Ababa, the capital city of Ethiopia. The expected development benefits of the project include the following:
1. Development of a competitive, manufacturing sub-sector serving the Ethiopian market and capable of generating exports.
2. Development of new technology and best practices in the nascent Ethiopian glass manufacturing sector.
3. Increased availability of high quality glass containers in Ethiopia at competitive prices.
4. Forex earnings/savings generated by exports and displacement of imports. Ethiopia suffers from severe current account deficits and persistent lack of foreign exchange availability.
5. Job creation: The Project is expected to create approximately 200 local jobs directly resulting in substantial skills development.
Borrower: Juniper Glass Industries SC,
Contact No.: +251 912 685 299,
Email Address: email@example.com
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