ADDIS ABABA – Chemical and Construction Inputs Industry Development Institute disclosed that the last seven months have seen low performances due to foreign currency crunch, power interruptions, low production capacity and raw material supply.
This was revealed by the Institute as it presented its performance report to various concerned bodies including industry owners.
Institute Director General Samuel Halala said that out of the planned 25 billion USD revenue from chemical and construction products export , only 17 billion USD was secured in the last six months, which represents only 68 percent of the plan, he said.
Industries are operating at half capacity where factories owners demanded government to address power and forx shortage and raw material supply to fully operate, meet local market demand and also export products to global market.
To curb such problems, the institute is undertaking problem-solving and applied researches set to improve the sector’s performance, he noted
The Ethiopian Herald February 28/2020
BY MISGANAW ASNAKE
