Metals Sector Falls Short of Expectations

The Metal Industry Development Institute (MIDI) has announced that the 64 metal companies operating in the country managed to produce only 440,117 tonnes of metal products in the first six months of the current fiscal year, which falls short of the government’s plan by 53Pct.As a result, the country only earned USD1.4 million by exporting metal products during the period.

The officials of the Institute announced this during a meeting held to assess the monthly performance of the metal and engineering sub-sector at Ghion Hotel on February 24, 2015.

While the total capacity of the country’s metal sector is estimated to be 2.2 million tons of metal products per year, all factories are using less than 42Pct of their installed capacity, according to Workneh Delelege, director of the Institute.

Shortages of energy, lack of foreign currency to import inputs and lack of cooperation with different government agencies are among the challenges raised by the managers of metal factories.

The MIDI has been known in different times with different names in the past, such as Engineering Design and Tool Enterprise, Basic Metals and Engineering Industry Agency and Metal Products Development Centre. However, since 2010, the government established MIDI in order to improve the competitiveness of the metal and engineering industries.

34 comments

  • Scotttob

    viagra costco price
    viagra without a doctor prescription
    buy viagra over the counter in the uk
    viagra without prescription
    viagra 50mg com 2 comprimidos

    Scotttob Wednesday, 20 September 2017 22:27 Comment Link
  • Kennithreuck

    generic viagra equivalent
    viagra without a doctor prescription
    uk meds 4 u viagra online
    viagra without doctor
    when will viagra be generic in u s

    Kennithreuck Wednesday, 20 September 2017 14:23 Comment Link
  • DonnieHause

    buy cialis 20 mg online
    buy cialis
    popular pills online comprar cialis spain
    cialis canada
    buy cialis australia online

    DonnieHause Monday, 18 September 2017 01:43 Comment Link
  • RickySpuct

    buy herbal viagra online uk
    viagra 100 mg
    kaufen viagra online
    viagra 100mg
    viagra 100 online

    RickySpuct Saturday, 16 September 2017 18:11 Comment Link
  • RonaldAmold

    drug rehabilitation services
    drug addiction rehab centers
    being addicted to cocaine
    rehab addict
    treatment for alcohol addiction

    RonaldAmold Saturday, 09 September 2017 09:31 Comment Link
  • DerrickKella

    pain pill addiction withdrawal symptoms
    drug addiction rehab centers
    meth addiction treatment options
    alcohol rehab facilities
    can you go to rehab for weed

    DerrickKella Friday, 08 September 2017 17:52 Comment Link
  • FrankIcolf

    rehab at hard rock
    alcohol rehab
    how to stop oxycodone withdrawal
    alcohol rehab facilities
    alcohol therapy

    FrankIcolf Thursday, 07 September 2017 21:18 Comment Link
  • Richardsom

    is there a viagra pill for women
    viagra without a doctor prescription
    buy durex viagra condom
    viagra without prescription
    the best price for viagra

    Richardsom Wednesday, 06 September 2017 06:17 Comment Link
  • DennisGer

    sildenafil 100mg blueberry 100
    viagra without doctor
    sildenafil generico en guatemala
    viagra without prescription
    1 viagra tablette kaufen

    DennisGer Tuesday, 05 September 2017 04:46 Comment Link
  • Michaelglina

    where can i buy viagra uk
    viagra without prescription
    comprar viagra generico portugal
    viagra without doctor
    which is cheaper viagra cialis or levitra

    Michaelglina Monday, 04 September 2017 03:24 Comment Link

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Most Popular

  • 1
  • 2
Prev Next

The White-Box of Ethiopian Agriculture

The agricultural sector remains our Achilles heel, nonetheless, we remain convinced that agricultural-based development remains the only source of hope ...

Read more

For Whoever Has, to Him Shall be Given …

As the Ethiopian government seeks to transform the economy into one that’s rooted in manufacturing, the simplicity for local investors to access finance...

Read more

Commentary

  • 1
  • 2
  • 3
Prev Next

Shooting in the Dark: The Anomalies of Headhunting

The war for ‘heads’ – also known as talent – has been raging for many years and the manner headhunters ‘poach’ people is getting tougher ...

Read more

Understanding Chinese Investment in Ethiopia A Critical Evaluation of the World Bank’s “Chinese FDI in Ethiopia” Survey

The World Bank country office in Ethiopia, apparently in response to the request by the government of Ethiopia, has conducted a survey of...

Read more

Mitigating Growing Income Inequality: What Needs to Be Done

Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the atte...

Read more