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Hong Kong-based Hop Lun takes over entire factory sheds at Bahir Dar industrial park

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Addis Ababa, July 10, 2019 (FBC) -The Hong Kong-based Hop Lun today signed a memorandum of understanding (MoU) with the Ethiopia Industrial Parks Development Corporation (IPDC) to take over the entire factory sheds at Bahir Dar industrial park.

Chief Executive Officer of the Corporation, Lelise Neme, and head of the Amhara regional state industry and investment bureau with the rank of Deputy Chief Administrator, Melaku Alebel, oversaw the signing of the MoU in Bahir Dar.

Melaku on the occasion said that the industrial park, which rested on 75 hectares of land, is currently 93 percent complete. It will be readied for service within a month. The industrial park has 8 sheds for to textile production.

Lelise for her part said that the Bahir Dar industrial park is one of the seven parks that will enter into production soon.

The Bahir Dar industrial park, which is dedicated to textile production, is expected to create over 10,000 jobs when it starts production with full capacity. In the first phase, it will create jobs for 6,000 people.

Construction of the second and third phases of the Bahir Dar industrial park will be carried out on 2,000 hectares of land, it was noted.

Established in 1992, Hop Lun is the leading international fashion lingerie and swimwear company.