Leather goods manufacturer with 2B ETB investment to launch operations

Addis Ababa, February 5, 2024 (FBC) – Gelila PLC, a firm engaged in the production of leather goods, is poised to commence operations with a substantial investment capital of 2 billion Ethiopian birr.

In the course of his deliberations with Mr. Berhe, the proprietor and Chief Executive Officer of the aforementioned company, Mr. Aklilu Taddese, the Chief Executive Officer of the Industrial Parks Development Corporation of Ethiopia, affirmed that the corporation’s backing will persist until the company attains full operational capacity.

Mr. Aklilu expounded that Gelila Leather Goods Manufacturing Company has deployed the aforementioned capital of 2 billion birr in the acquisition of a 7,000-square-meter parcel of land within the precincts of Bole Lemi Industrial Park.

IPDC asserted that this investment underscores its profound commitment to local investors and companies. The machinery assembly for the manufacturing plant is on the verge of completion, according to IPDC.

Upon the commencement of its full-scale operation, Gelila is anticipated to generate employment opportunities for over 2,300 citizens. Moreover, it is expected to produce products meeting export standards, which will be shipped to Italy, Türkiye, and other European countries.